High interest rates and upcoming maturities were expected to produce distress, but the number of modifications more than doubled instead.
This quarter $20.5B of office, multifamily and other property was seized, the highest figure in nearly a decade.
Recent acquisitions from Blackstone and KKR show multifamily investment momentum picking up, and capital markets are listening.
Big banks' off-balance sheet exposure to CRE has more than tripled since 2013.
Citibank and JPMorgan Chase filed to foreclose Thursday on the office tower at 475 Fifth Ave.
Starwood European Real Estate Finance has announced a 50% write-down on its Dublin office loan, blaming market dynamics for its decision.
A strong fourth quarter helped boost multifamily deal volume in 2024, an upward trajectory expected to carry into this year.
This is the third time in four months that requests have exceeded the company's stated withdrawal limits.
Private equity's interest in the engineering industry is helping fuel a consolidation that some fear will bring negative impacts.
Willis Tower spends a brief moment in special servicing ahead of a loan extension, Activate inks a new lease, and a 925K SF industrial portfolio sells.
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