Commercial Real Estate Direct Staff Report Asking monthly apartment rents averaged $1,536 in Phoenix in the third quarter, according to Kidder Mathews That compares with the second quarter’s $1,550/unit average and marks the first time that...
Commercial Real Estate Direct Staff Report Commercial property sales volume continued to decline in October, to $4278 billion, according to MSCI Real Assets That was down 1547 percent from September’s revised $5061 billion of volume and 43...
Commercial Real Estate Direct Staff Report Vornado Realty Trust reported 450,000 square feet of leasing activity in its entire 20 million-sf portfolio during the third quarter Of that, 229,000 sf involved transactions at its New York buildings Both...
Multifamily property values could decline by as much as 20 percent next year, according to a forecast by Barclays Capital For property values to remain flat, net operating income would have to increase by 6 percent annually if interest rates...
JPMorgan Asset Management has stepped into the non-traded REIT world, becoming the latest institutional investment manager to take aim at retail investors It's completed its first investment, a piece of a mezzanine loan on a Tennessee apartment...
Starwood Property Trust originated 10 mortgages with a balance of $936 million in the latest quarter - an uncharacteristically high volume for a mortgage REIT, most of which moved largely to the sidelines as interest rates continued to creep higher...
The national median apartment rent fell by 07 percent on a month-to-month basis in October, the second consecutive month to report a decline, according to Apartment List It is the first time that rents declined in consecutive months since 2020, when...
Ladder Capital Corp originated only $159 million of loans during the third quarter, its lowest quarterly volume since the first quarter of 2021, when it had originated $114 million of loans Its lending has slowed substantially as a result of higher...
Commercial Real Estate Direct Staff Report Equity Residential isn’t too concerned that rising inflation will impact its portfolio of 308 apartment properties with 79,594 units Its tenants simply are relatively affluent and generally are...
Charles Kushner, chairman of Kushner Cos, said Veris Residential, which yesterday had rejected its $16/share offer for the company, had “mischaracterized” the experience between the two companies In a letter to Veris’ board,...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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