Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Category: Top National News
Business Hotels Face Increased Default Risk in Uneven Travel Recovery
Wall Street Journal, Mar. 6, 2023–Akiko Matsuda (subscription)Some hotel owners that rode out the coronavirus pandemic are finding the recent travel rebound might not be enough to persuade lenders to …
CBRE: Soft Landing for Canada’s CRE in 2023
GlobeSt.com, March 2, 2023–Jack RogersCanada’s commercial real estate market will execute a soft landing later this year, as large investors return to the market in the wake of the Bank …
Salesforce Continues to Slash Office Space With Six-Floor Tower Sublease
SFGate, March 5, 2023–Stephen CouncilSalesforce is quitting on another 125,000 square feet of real estate. This time, it’s in its namesake tower.https://www.msn.com/en-us/money/realestate/salesforce-continues-to-slash-office-space-with-six-floor-tower-sublease/ar-AA18cxlA
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Private-Equity Firms Snap Up Data Centers as Cloud Demand Soars
Wall Street Journal, Feb. 28, 2023–Angus Loten (subscription)Private-equity firms bought data centers in near-record numbers last year, defying a broad deal-making slowdown in a bid to capture ever-growing demand for …
Four Observations on Multifamily from the Mortgage Bankers Association’s CREF23 Conference
Arbor, March 3, 2023During the four-day event, key themes and takeaways emerged that will likely shape the conversation on multifamily financing throughout the year.”https://arbor.com/blog/four-observations-on-multifamily-from-the-mortgage-bankers-associations-cref23-conference/?
Distress Rate in NYC Multifamily CMBS Set to Rise
Commercial Observer, March 3, 2023–Mark McDevitt (subscription)A point of interest among multifamily investors reviewing February 2023 reporting data for CMBS securitizations was the special servicing transfer of a $270.3 million …
It’s Time for Biden to Take on the NIMBYs
Vox.com, March 1, 2023–Rachel M. CohenFor decades, the US has built fewer homes than it needs — a trend that has led to soaring rent and home prices, hurt economic …
2023 Could be Year Apartment Owners Compete for Renters
GlobeSt.com, March 1, 2023–Paul BergeronFebruary marked a return to positive rent growth–albeit by just 0.3 percent nationally–after five straight month-over-month declines, according to the March 2023 Rent Report from Apartment …