Wall Street Journal, Apr. 11, 2023–Will Parker, Konrad Putzier (subscription)An apartment building investor lost four Houston complexes to foreclosure last week, the latest sign that surging interest rates are beginning …
Category: Top National News
Blackstone Raises $30.4 Billion for Latest Real Estate Fund
Reuters, Apr. 1, 2023–Niket NishantBlackstone Inc said Tuesday it had raised $30.4 billion for its latest global real estate fund, as the private equity behemoth looks to double down on …
Office Owners Face Financing Dilemma
Commercial Property Executive, Apr. 11, 2023–Gail KalinoskiThe pressures of rising interest rates and declining property values are making it a tall order for owners to get loans. What are the …
American Offices are Half-Empty. That Could be the Next Big Risk for Banks
CNN, Apr. 10, 2023–Julia HorowitzInvestors and regulators, on high alert for signs of trouble in the financial system following recent bank failures, are now homing in on the downturn in …
High Demand For Upscale Hospitality Real Estate Despite Inflation
Forbes, Apr. 10, 2023–Roger SandsDespite a down economy and rising interest rates, a few bright spots remain within the luxury real estate and travel industries. Sales of high-ed branded hotel …
Housing Costs Are Cooling Off. Where the Market Could Be Headed.
Barrons, Apr. 10, 2023–Shaina Mishkin (subscription)Housing costs—both the cost of buying or renting—climbed earlier in the pandemic. While data show that prices in both categories have cooled in recent months, …
Publicly Traded REITs Tread Water in March; Remain Up for the Year
Wealth Management Real Estate, Apr. 10, 2023–David BodamerDespite some clamor about the state of real estate financing, mortgage REIT balance sheets remain in good shape.https://www.wealthmanagement.com/reits/publicly-traded-reits-tread-water-march-remain-year?
Affordable Housing Borrowers Are Available Capital With Stricter Terms
The Crittenden Report, Apr. 7, 2023–Sara HavlenaDespite market volatility, including rising rates, the threat of a recession and recent bank failures, affordable housing is one sector that should still be …
Housing Developers Find Their Next Big Opportunity at Golf Courses
Crain’s Detroit Business, Apr. 6, 2023–Rachel Watson (subscription)Developers across western Michigan are seizing a prime opportunity to turn the region’s abundance of golf courses into badly needed housing.https://www.crainsdetroit.com/real-estate/housing-developers-find-next-big-opportunity-golf-courses
How Coworking Companies Delayed a Reckoning in the NYC Office Market
Commercial Observer, Apr. 6, 2023–Celia YoungNew York City’s office market was probably in trouble long before COVID-19 hit. A flight to quality and away from a glut of Class B …