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...
Natixis has provided $1467 million of financing against 1155 F St NW, a 254,151-square-foot office building in the East End area of Washington, DC The floating-rate loan takes out existing debt, a $11457 million piece of which was securitized...
Enclosed shopping malls that back CMBS loans in special servicing have seen their appraised values get walloped DBRS Morningstar found that 95 malls that back $904 billion of CMBS financing had their values reduced by more than $926 billion, or 611...
Commercial Real Estate Direct Staff Report Accesso Partners, which owns the 602,122-square-foot One City Centre office building in Houston, has chosen to no longer fund the building’s operating shortfalls and debt-service requirements The...
