The national hotel occupancy rate climbed to 66 percent for the week through June 12, according to STR That’s a marked increase from the previous week’s 619 percent rate and puts it just shy of the 661 percent level recorded for all of...
Washington Prime Group, which earlier this week filed for Chapter 11 bankruptcy protection, last month had added seven shopping malls to its list of non-core properties, bringing the number of malls in that category to nine Among the latest...
Developers are increasing the size of apartment units in more than one-third of the country’s markets by an average of 48 square feet, according to analysis by RentCafe One-bedroom units that are under construction in 33 of the 92 markets...
Monthly rents for apartments nationwide increased in May by $12/unit from the month before, to $1,428/unit, according to Yardi Matrix That marks the largest one-month increase in rents since at least 2007 The largest one-month increase before May...
Commercial Real Estate Direct Staff Report Tenants at Manhattan office buildings added 800,000 square feet of sublease space to the market last month, the lowest monthly volume since May 2020, according to CBRE The company also found that 2 million...
New York Post Two Sigma Investments is in the market to lease between 400,000 and 600,000 square feet of headquarters space in Manhattan The hedge fund plans on moving out of its current headquarters, at 100 and 101 Sixth Ave in the borough’s...
The volume of CMBS loans actively managed by special servicers declined by just more than 4 percent last month, to $469 billion from $4885 billion in April, according to Trepp LLC It marked the eighth straight month that special servicing volumes...
Fannie Mae and Freddie Mac have extended their apartment eviction moratoriums through the end of September The moratoriums were slated to expire at the end of this month Owners of apartment properties financed with Fannie and Freddie loans that are...
The industrial property sector benefited greatly during the coronavirus pandemic, as consumers increasingly went online to buy items that then were shipped from nearby warehouses and distribution centers That’s evidenced by the 47 percent...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days late declined by 515 percent last month to $3349 billion, according to Trepp LLC That amounts to 617 percent of the $54304 billion universe the company...
