Globe St., July 3, 2023-Erik ShermanLast September, in anticipation of a potential CRE meltdown in the face of sharply escalating interest rates, the Office of the Comptroller of the Currency; …
Category: Top National News
Commercial Real Estate Finds a Rare Bright Spot by Campuses
Wall Street Journal, July 4, 2023–Maggie Eastland (subscription)Rents for student housing are poised to grow, boosted by limited supply and strong demand at many colleges, especially top research universities and …
Office Spaces Drive Delinquency Rates for Commercial Real Estate Sector
Wall Street Journal, June 30, 2023-Ben Foldy (subscription)The delinquency rate for commercial mortgage-backed securities hit a 15-month high of 3.9% in June as big borrowers struggled to make payments on …
Opinion: Why the Commercial Real Estate Crisis May Not be as Bad as You Think
Washington Post, June 29, 2023–Natasha SarinNot all commercial real estate is created equal. This is a broad category, and it includes loans on office, apartment, retail and industrial buildings such …
Multifamily to Face $8B of Maturities This Fall
The Real Deal, June 29, 2023-TRD StaffThe intimidating “wall of maturities” is only a few months from closing in on the multifamily sector.https://therealdeal.com/national/2023/06/29/multifamily-to-face-8b-of-maturities-this-fall/
Factbox: Big Banks Stand Strong Against Fed’s Commercial Real Estate Gloom
Reuters, June 28, 2023-Michelle PriceBig U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, with losses declining slightly on last …
MBA: Commercial and Multifamily Mortgage Delinquency Rates Increased in the First Quarter of 2023
Multi-Housing News, June 26, 2023–Jamie WoodwellThe quarterly snapshot from the Mortgage Bankers Association.https://www.multihousingnews.com/commercial-and-multifamily-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2023/
Why It Would Take a Lot for the Most Pessimistic Office Outcomes to Happen
GlobeSt.com, June 27, 2023–Erik ShermanIt is easy to fall into deep pessimism. But in practical terms that can be as hard to achieve as wild optimism.https://www.globest.com/2023/06/27/why-it-would-take-a-lot-for-the-most-pessimistic-office-outcomes-to-happen/?
What it Takes to Convert a Multi-Million Dollar Office Into Housing
Wall Street Journal, July 3, 2023–VideoWith housing in short supply, developers are converting more empty offices into apartments. But not all buildings are candidates for reuse, even as more than …
Nearly One-Third of San Francisco’s Office Properties Are Vacant
Weekly Real Estate News, June 29, 2023–Phil HallIf you’re looking to lease office space in San Francisco, you have an excessive quantity of choices at your disposal.https://wrenews.com/nearly-one-third-of-san-franciscos-office-properties-are-vacant/?