The ratings agency told analysts that banks with significant exposure to multifamily lending could face losses this year as landlord costs rise.
North American Real Estate scooped up the 85K SF retail and office building at 605 N. Michigan Ave. for a reported $47M from Brookfield Properties.
Many CRE players hoped the sales would offer pricing signals for a market trying to adjust to a new reality almost four years since the start of the pandemic.
Crescent Heights hired CBRE to broker a deal for the 800-unit NEMA Chicago at 1210 South Indiana Ave.
MSCI Real Assets' chief economist explains why the people who will likely profit from the distress this cycle are the ones “who can swing a hammer.”
As out-migration in the state accelerates, concerns are rising over its effects on the economy and demand in the commercial real estate sector.
Valor Development received approval to build 219 units with retail in 2020, but a court appeal delayed the project for years and made it more costly.
The underlying issue for San Francisco's apartment market is a demographic shift related to the pandemic.
Gov. Wes Moore's administration said a framework for a deal with track owner Stronach Group to redevelop Pimlico Race Course is in place.
By a margin of less than 800 votes, Milton residents rejected the plan to zone for over 2,500 units, putting the town at risk of legal action and lost funding.
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