Construction starts for apartment buildings with five or more units fell by 11.2% in June, a new report shows. KKR has opened its first office in Los Angeles in its drive to capitalize on real estate investment opportunities, Bloomberg reported...
U.S. office space is on track to shrink for the first time on record, according to JLL. The commercial real estate sector has slowed its efforts on DEI initiatives, reports Bisnow. These are among the must reads from around the real estate...
Google may be at the end of reducing its real estate footprint, reports CoStar. Non-Traded REIT fundraising rebounded to $597 million in June, according to Robert A Stanger & Co. These are among the must reads from around the real estate...
Rising interest rates and office property losses led to falling returns on their real estate investments for pension funds over the past fiscal year, reported The Wall Street Journal. San Francisco is seeing rising demand for office space from AI...
Public Storage has agreed to buy Simple Self Storage from Blackstone REIT for $2.2 billion. Nareit looked at the 28 largest actively managed real estate mutual funds and assessed their property sector allocations. These are among the must reads...
Fewer commercial real estate borrowers are seeking traditional refinancing, reported The Business Journals. Prologis CEO predicted a more normal period for the industrial sector after outsized growth over the past few years, according to Bisnow...
The volume of commercial real estate loan distress rose in 70% of the country’s largest metropolitan areas in June. The Wall Street Journal looks at how a record-breaking land sale in Miami came apart. These are among today’s must reads from...
JP Morgan Chase and Wells Fargo have upped their reserves in preparation of taking losses tied to loans on office buildings, reports Bloomberg. Blackstone’s non-traded REIT posted its strongest month in more than a year, according to Commercial...
Banks are granting mortgage borrowers extensions and modifications and offering investors perks to purchase defaulted loans, among other measures, to limit distress in the commercial property market, reported U.S. News & World Report. Sequoia...
