Manhattan Investment Sales Volume Fell by Nearly Half Last Year
New York City investment sales had its second-worst year of the past decade in 2023, according to a report from Ariel Property Advisors.
Source: commercialobserver.com
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Office Landlords Use Cash Gifts, Loans to Inflate Building Values
SL Green says that skepticism about the value of its 245 Park Ave. sale is misplaced.
Source: livemint.com
NYC building sales slump despite plummeting prices because of crippling regulations, high interest rates
High interest rates, crippling regulations and large vacancies caused by work-from-home and pandemic downsizing are to blame.
Source: nypost.com
Sunday Summary: The Fed Gets in the Giving Spirit
Jerome Powell put the breaks on rate hikes which is an early Christmas present for an industry that has not had a great 2023.
Source: commercialobserver.com
Japanese Buyers Snap Up New York, London Buildings in Spending Spree
(Bloomberg) -- Japanese investors are spending the most in two decades to buy up properties overseas, undeterred by the global real estate slump and the yen’s…
Source: financialpost.com