Sacramento, Calif., Office Property Sold for $44.5Mln
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The Houston REIT this year expects rents to grow throughout its 58,634-unit portfolio by 1.4 percent. It usually sees yearly rent growth of around 3 percent.
Commercial Real Estate Direct Staff Report A drop in long-term interest rates drove the fourth quarter's outsized, 4.93 percent total return for the LifeComps Total Return Index compiled by Trepp Inc. It's the first time since June 2020 that the ...
The volume of CMBS loans that are more than 30 days late with their payments increased marginally last month, to $27.97 billion from $27.91 billion, according to Trepp Inc. As has been the case in recent months, securitized office loans ...
Commercial Real Estate Direct Staff Report Marcus & Millichap Inc. completed 1,413 property sales transactions totaling $8.7 billion during the fourth quarter, a drop of 33.4 percent from the year before. For the full year, it handled 5,475 deals totaling ...
Commercial Real Estate Direct Staff Report Starting rents at Manhattan's high-street retail areas last year averaged $551.68/sf, according to CompStak. That puts them 18 percent higher than in 2019, before the Covid lockdowns put a massive damper on the retail ...
The hotel sector is expected to continue thriving as business travel keeps improving and foreigners keep visiting the United States, according to CBRE. The closely watched revenue per available room metric, which is now 13.2 percent better than it was ...
Commercial Real Estate Direct Staff Report Higher interest rates and the expectation that debt funds should continue to perform consistently have resulted in a sharp increase in interest for those funds among institutional investors. Searches for debt funds by investors ...
Commercial Real Estate Direct Staff Report Despite the expectation of a record volume of apartment unit deliveries this year, some cities are expected to be left unscathed and should readily absorb whatever units come their way. Among the cities that ...
TPG Real Estate Finance Trust, which at the end of 2022 carried $1.24 billion of loans that were classified with its 4 or 5 risk ratings, meaning they were distressed in one way or another, has reduced that volume to ...
Commercial Real Estate Direct Staff Report Commercial property prices declined in January by 0.09 percent from December and are down 4.75 percent from January 2023, according to the MSCI Real Assets Commercial Property Price Index. They're now 11.56 percent lower ...
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