Empty Wall Street Offices to Be Revived as Apartments

Wall Street Journal, June 21, 2022–Rebecca Picciotto (subscription)A venture of two New York developers has purchased a one-third empty office building in the city’s financial district with plans to convert …

Commercial Mortgage Debt in U.S. Hits Record $4.25 Trillion in Q1

World Property Journal, June 20, 2022–David BarleyAccording to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, U.S. commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) …

Market Turmoil Dampens Mood at CREFC

Commercial Property Executive, June 17, 2022–Paul FiorillaCommercial property transaction activity is set to tumble due to economic uncertainty and rising interest rates that have produced a sharp rise in mortgage …

Biden Says a Recession is ‘Not Inevitable’

Associated Press, June 17, 2022–Josh BoakPresident Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy …

CRE Investment Performance Has Been Sizzling

GlobeSt.com, June 15, 2022–Erik ShermanIf you’ve been invested in commercial real estate, you’ve had a superb trailing four quarters—on average. But that depends on what properties your money sat. As …