CRE Lending Down 53 Percent Annually: Newmark – Commercial Observer
A second quarter 2023 U.S. capital markets report from Newmark found CRE debt origination volumes have declined 52 percent year-over-year,
Source: commercialobserver.com
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CRE Lending Down 53 Percent Annually: Newmark
If the headlines hinted at struggles in commercial real estate, then just wait until you see the data. A second quarter 2023 U.S. capital markets report from Newmark (NMRK) found CRE debt origination volumes have declined by 52 percent year-over-year, and that the current market has 32 percent fewer lenders than it did at this time last year.
Source: yahoo.com
Landlords with $1.2 trillion in debt face rising default risks
Offices are the biggest problem, accounting for more than half of the $626 billion of at-risk debt that matures by 2025's end.
Source: ocregister.com
Empty office buildings have become a debt time bomb
NEW YORK – In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased. Read more at straitstimes.com.
Source: straitstimes.com
How Private Equity Plans to Capitalize on Commercial Real Estate Distress – Commercial Observer
Hundreds of billions of proverbial dry powder are poised to enter the financing market. Here’s how and where Private Equity will act.
Source: commercialobserver.com