Reuters, July 30, 2023-Sinead Cruise, Lucy Raitano and Lewis JacksonLONDON/SYDNEY–Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or …
Category: Top National News
The Hottest Real-Estate Play Is in Your Neighborhood
Wall Street Journal, July 27, 2023-Jinjoo Lee (subscription)Strip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures …
Multifamily Syndicators Face CRE Debt Exposure
GlobeSt.com, July 26, 2023–Erik ShermanWhen fighting the potential economic collapse of the pandemic turned into a zero interest rate policy, the result fanned commercial real estate development in all ways, …
Apartment Developers Turn to Non-Bank Lenders for Construction Loans
Wealth Management Real Estate, July 26, 2023–Bendix AndersonApartment developers are finding ways to pay for new construction projects–without using loans from traditional banks.https://www.wealthmanagement.com/finance-lending/apartment-developers-turn-non-bank-lenders-construction-loans?
Turning Unused Office Space Into Housing Could Solve 2 Problems, but It’s Tricky
NPR, July 24, 2023-Erin KenneyConverting offices into apartments is easier said than done. And while it’s easy to imagine the process behind conversions, like adding in walls and plumbing, it …
Bank Regulators Urge Flexibility in Commercial Real-Estate Loan Workouts as Defaults Grow
Bank regulators are taking a page from their playbook of the 2008-09 financial crisis to help lenders weather the approaching tidal wave of troubled commercial real-estate loans.https://www.wsj.com/articles/bank-regulators-urge-flexibility-in-commercial-real-estate-loan-workouts-as-defaults-grow-2222075f
Hedge Funds Brawl Over Battered Commercial Real Estate
Wall Street Journal, July 23, 2023-Matt Wirz (subscription)Big fund managers that specialize in distressed investing have eagerly watched the yearlong selloff in commercial real estate. Now, they are snapping up …
Real Estate Investors Flee the U.S. for a Land of Fuller Offices
Wall Street Journal, July 25, 2023-Sylvan Lebrun (subscription)TOKYO—Office building investors are in full retreat from most U.S. cities. Some are finding a haven in Japan, where most workers have returned …
Self-Storage Rents Fall Record Amount as Pandemic Boom Cools
Wall Street Journal, July 25, 2023-Maggie Eastland (subscription)Self-storage facilities, which boomed during the height of the COVID-19 pandemic, are cutting rents by record levels.https://www.wsj.com/articles/self-storage-rents-fall-record-amount-as-pandemic-boom-cools-609f6169
S.F. Tries to Spur Housing Development by Reducing Fees and Affordable Unit Requirements
San Francisco Chronicle, July 25, 2023-J.K. Dineen (subscription)The San Francisco Board of Supervisors appears set to slash affordable housing requirements and lower or delay a slew of associated fees in …