Investment Heads For A Deep Freeze As Half Of London Assets Fall Into The Red. U.S. Cities Are Not Far Behind
A big chunk of CRE assets in major cities are worth less than their purchase prices. As a result, investment volumes are falling.
A big chunk of CRE assets in major cities are worth less than their purchase prices. As a result, investment volumes are falling.
The pullback of regional banks from commercial property lending has already been historic, and conditions aren't likely to improve soon.
Alternative property types attracted more than $18B in the third quarter of 2023.
Distressed buildings were scooped up quickly during the Global Financial Crisis, but today's downturn is slower and calls for a different investment strategy.
The purchase of The Shelbourne Hotel was the 10th largest in Europe.
CMBS lenders want more skin in the game from borrowers to make deals work in a high interest rate environment.
Months of record-high apartment construction continue to dampen rent-growth aspirations for multifamily owners.
The $48M loan is scheduled for sale on the courthouse steps on Feb. 6.
The $1.8B Parkmerced loan moves to special servicing as multifamily distress mounts in the San Francisco market.
The recent period of low interest rates was an anomaly, and making money in real estate will take more effort in the future.
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