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The year before the Brexit vote was a high point for UK real estate.
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Transaction volume was up 15% from last May after a dip in April, but sales would be in negative territory if not for a wave of entity-level acquisitions.
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A judge has since unfrozen the brokerage’s accounts so that its companies can pay the millions of pounds it owes the government in taxes.
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Insurance companies grew their leverage on CRE loans faster than any other type of investor in the first half of the year.
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Transaction volume is up overall, but interest rates keep pressure on pandemic-era buyers.
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Higher interest rates are tapping the brakes on U.S. CRE deals.
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Less liquidity in the market is expected to spur an uptick in defaults and foreclosures for the already-beleaguered asset class.
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With loan maturities looming, some office owners are starting to sell their Manhattan buildings for serious discounts. Experts say that wave is just beginning.
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More shares are being sold short as money managers increase their bets against offices following the failures of three regional banks.
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Don't count on foreign investment activity to spike anytime soon as investors remain cautious about the economy and property values.
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