Page 18 - Office Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Potential losses to banks could reach $250 billion

This has been a restrained year for development activity in the office and retail fields. That in the industrial and hotel sectors, however, has been more dynamic. Investment activity has reflected the cautious wait-and-see strategy being adopted by investors towards the Hungarian property markets and, indeed, CEE and Europe as a whole.

Office prices could see a 40% peak-to-trough decline by the end of next year, Capital Economics forecasted.

India office sector is expected to close stronger at 40-45 million sq feet of gross leasing across the top 6 markets in 2023, perceptibly higher than predicted in Mar2023 driven by strong domestic demand, according to Colliers latest report “India office market – Changing winds.

Fortress Investment Group has acquired roughly $1 billion of office loans from Capital One (COF) with an eye toward a turnaround in New York City’s office sector, Commercial Observer has learned. The private lender purchased the loans this week in a move that signifies a “big bet on the rebound of New York City’s office sector,” one source said, with Big Apple office loans accounting for a large chunk of the portfolio, sources told CO. JLL (JLL)‘s Will Sledge and Kyle Kaminski arranged the transaction on behalf of the seller.