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New YorkNew York
+13+13
Retail Store Closures Surpass Openings for First Time in Two Years
Aug 15, 2024

Retail Store Closures Surpass Openings for First Time in Two Years

According to CoStar, more retail stores have closed than opened in 2024—and it’s the first time in several years that’s happened.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+11+11
US Banks Report Best Loan Demand for First Time in Two Years
Aug 07, 2024

US Banks Report Best Loan Demand for First Time in Two Years

For the first time in two years, U.S. banks have reported stable demand for commercial and industrial (C&I) loans, according to a recent Fed survey.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+11+11
Fannie, Freddie Tighten Lending Rules to Fight Mortgage Fraud
Aug 06, 2024

Fannie, Freddie Tighten Lending Rules to Fight Mortgage Fraud

New regulations from Fannie Mae and Freddie Mac aim to combat rising mortgage fraud in commercial property lending.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
US Manufacturing Slowdown Leads to Workforce Cuts
Jul 31, 2024

US Manufacturing Slowdown Leads to Workforce Cuts

American manufacturers are facing a series of hurdles to continued growth, including lower demand and rising costs.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
NMHC Reports Mixed Apartment Market Conditions in Q2
Jul 23, 2024

NMHC Reports Mixed Apartment Market Conditions in Q2

Apartment market conditions continue to loosen, though deal flow increased for the second straight quarter amidst more favorable conditions for debt financing.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+11+11
Home Construction Picked Up in June, Driven by Multifamily
Jul 18, 2024

Home Construction Picked Up in June, Driven by Multifamily

In June, US housing starts increased by 3% to an annualized rate of 1.35 million, primarily due to a significant 19.6% rise in multifamily construction.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+12+12
Self-Storage Rates Dip Despite Expected Seasonal Strength
Jun 28, 2024

Self-Storage Rates Dip Despite Expected Seasonal Strength

Street rates for self-storage units fell in May across all top metros, influenced by current economic conditions and high interest rates.

Jordan B.
Han-Gwon Lung
Jordan B., +1
Self-StorageSelf-Storage
+11+11
KKR’s Biggest Multifamily Buy: $2.1B for 5.2K Apts
Jun 27, 2024

KKR’s Biggest Multifamily Buy: $2.1B for 5.2K Apts

KKR invested $2.1B in 5.2K apartments across the US in its largest-ever multifamily acquisition in history.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+14+14
US Consumer Spending Creeps Up 0.1% in May, Below Expectations
Jun 19, 2024

US Consumer Spending Creeps Up 0.1% in May, Below Expectations

Consumer spending slowed down in May, even as rents slowly started rising again, complicating the Federal Reserve’s fight against inflation.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+14+14
NYC Board Approves Rent Hike for 1M Stabilized Apartments
Jun 18, 2024

NYC Board Approves Rent Hike for 1M Stabilized Apartments

Rents for NYC's approximately one million rent-stabilized apartments will increase by 2.75% starting this fall.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+13+13
Foreign Investment in US CRE at Lowest Point Since 2011
Jun 14, 2024

Foreign Investment in US CRE at Lowest Point Since 2011

Interest from international investors in U.S. commercial real estate (CRE) has plummeted to its lowest level since 2011.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+12+12
U.S. Asking Rents Climb for Second Consecutive Month in May
Jun 13, 2024

U.S. Asking Rents Climb for Second Consecutive Month in May

According to the latest data from Redfin, U.S. asking rents increased for the second month in a row, reaching their highest level since 2022.

Jordan B.
Han-Gwon Lung
Jordan B., +1
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