Private lenders like Marathon Asset Management see new investment opportunities in commercial real estate (CRE) as interest rates fall, according to CEO Bruce Richards. Why it matters: Lower rates have improved financing conditions, especially for nonbank lenders, after years of slow CRE growth following the pandemic's impact on
Banks are modifying the terms of commercial real estate (CRE) mortgages to delay acknowledging losses, potentially amplifying risks to the financial system, according to a Federal Reserve Bank of New York report released Wednesday. Why it matters: The CRE sector is under intense pressure from post-pandemic changes, with lockdowns and
Foreclosures in commercial real estate surged 48% year-over-year in September, with California seeing a sharp 238% jump, according to new data from ATTOM reported by Business Insider. Why it matters: The foreclosure increase underscores significant strain in the commercial real estate sector, driven by rising interest rates and post-pandemic demand
As reported by The New York Times. The Justice Department filed an antitrust lawsuit against real estate software company RealPage on Friday, accusing the firm of enabling landlords to collude in raising rents across the U.S. Why it matters: It's the first major antitrust case where an
As reported by The Wall Street Journal What's happening: Amid soaring interest rates and a glut of supply, U.S. landlords are clinging to a "Survive until 25" mantra, hoping for rate cuts as they navigate a perilous real estate market. By the numbers: * Distressed Loans:
As reported by CoStar KKR's "Sweet Spot" Year for Real Estate Investing What's happening: KKR, a global alternative investment firm, is seizing 2024 as a prime year for real estate investments, deploying billions in capital so far. By the numbers: * Q2 Spending: $8 billion,
As reported by CoStar What's happening: High borrowing rates and rising operational costs are placing significant stress on multifamily properties, signaling a growing credit risk in commercial real estate, according to the Office of the Comptroller of the Currency (OCC). Why it matters: The OCC's latest
As reported by Harvard Business Review Driving the news: Over the next two years, U.S. banks will face a daunting challenge as more than $1 trillion in commercial real estate (CRE) loans come due, according to data from The Conference Board using MSCI Real Assets. Institutions with heavy CRE
As reported by Bloomberg Driving the news: Blackstone Mortgage Trust Inc. (BXMT) is cutting its dividend by 24% as defaults climb and borrowers grapple with payments or refinancing. Details: The board of the $3.4 billion real estate investment trust has approved a $150 million share repurchase to boost stock
As reported by Bisnow Brookfield Asset Management is doubling down on industrial real estate, snapping up a 14.6M square foot portfolio for $1.3 billion. This acquisition includes 128 buildings across 20 markets, with major holdings in the Sun Belt and Midwest. Key cities in the deal are Atlanta
As reported by MarketWatch Blackstone Inc. ramped up its real estate investments to $10 billion in Q2, more than doubling its activity from a year ago as the firm anticipates a bottoming out in the commercial real estate sector. Driving the News * Investment Surge: Blackstone boosted its Q2 real estate
As reported by The Wall Street Journal The Big Picture: Commercial real estate (CRE) troubles are hitting big banks harder than their smaller counterparts, despite market perceptions to the contrary. By the numbers: * Stock Performance: The KBW Regional Banking Index is down around 12% this year, while the KBW Nasdaq