Commercial Observer, Jan. 17, 2023–Celia Young (subscription)Taco, real estate broker Kyle Inserra’s beloved French bulldog, helped Inserra score a 2018 restaurant sale in Irvington, N.Y., when a potential buyer and …
Category: Top National News
How Far Will Apartment Rents Fall This Year?
GlobeSt.com, Jan. 13, 2023–Paul BergeronWith apartment rents clearly decelerating now, the market is waiting to see where the bottom could be.https://www.globest.com/2023/01/13/how-far-will-apartment-rents-fall-this-year/?
Industry Groups Prepare For Bumpy Ride Amid a Divided Congress
Commercial Mortgage Alert, Jan. 6, 2023 (subscription)Facing a potential recession and a divided Congress, industry groups are preparing to do yeoman’s work in Washington over the next six months. Michael …
Agency Lending Seen Holding Steady
Commercial Mortgage Alert, Jan. 6, 2023 (subscription)Fannie Mae and Freddie Mac are poised to play an outsize role in the multifamily lending market this year as banks hunker down and …
MBA Projects 5% Decline in Commercial Mortgage Volume for 2023
ConnectCRE, Jan. 5, 2023–Paul BubnyTotal commercial and multifamily mortgage borrowing and lending is expected to fall to $700 billion this year, off 5% from 2022’s expected total of $740 billion, …
What to Expect From the CRE Finance Markets This Year
GlobeSt.com, Jan. 5, 2023–Lynn PollackDistressed office loans will likely “pile up” into 2023, according to experts from Trepp, who predict there will be billions in unresolved office loans by year-end.https://www.globest.com/2023/01/05/what-to-expect-from-the-cre-finance-markets-this-year/?
It’s Not Yet A Run, But Nervous Investors Are Beginning To Pull Money Out Of Commercial Real Estate
Benzinga, Dec. 31, 2022–Mark GilmanWhile specific segments of the commercial real estate market such as industrial and healthcare are performing well, others like office and retail are alarming investors.https://finance.yahoo.com/news/not-yet-run-nervous-investors-152448819.html
Multifamily Investors Face the New Year Concerned About Capital, Values
Multi-Housing News, Jan. 5, 2023–Gail KalinoskiA new year always means new opportunities for multifamily investors and developers. But this year begins with a set of challenges that were not present …
Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
Bloomberg, Jan. 5, 2023–Spencer Soper, Matt DayAmazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry …
Salesforce to Lay Off 10% of Workforce, Reduce Offices
Wall Street Journal, Jan. 4, 2023–Will Feuer (subscription)Salesforce Inc. is laying off 10% of its workforce and reducing its office space in certain markets, extending a brutal period for tech …