The pandemic supercharged home sales, but aggressive rate hikes by the Federal Reserve have caused the business to sputter and led to job cuts across the industry.
As rates rise and economic growth projections get murkier, what are commercial real estate investors doing to raise capital and reach their desired returns?
Publicly-traded REIT funds from operations hit a new record at $19.6 billion in the second quarter and are now 22 percent higher than pre-COVID levels.
Murphy also said he is confident New Jersey won’t have to put more taxpayer money into the American Dream megamall project in order for it to survive. “I’m confident to say that I think this thing is turning the corner,” Murphy said.
The era of aggressive outlier bids for grocery-anchored shopping centers is over as capital costs rise, say the sector’s players.
