Prices have fallen by about 5 to 10 percent compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US.
As scrutiny picks up, major financial firms are adjusting their businesses to ensure that clients get more say over environmental, social and governance matters.
Prologis and Duke Realty executives deflected questions on a potential merger at Nareit’s REITWeek. The Los Angeles Times profiled Rick Caruso’s real estate empire. These are among today’s must reads from around the commercial real estate industry.
There are green mortgage-backed securities and ESG labels on asset-backed commercial paper, synthetic CDOs, credit default swaps, and money market funds.
The developer of the drama-plagued American Dream Mall has skipped an $800 million bond payment, reports The Wall Street Journal. A joint report from NYU and Columbia University estimates U.S. office buildings could lose $500 billion in value by...