The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since 2010. In ...
The coronavirus pandemic has had a profound impact on the seniors-housing sector, with occupancy dropping by 2.8 percentage points during the second quarter to 84.9 percent. That's the largest quarterly decline in occupancy in 14 years, according to the National ...
Occupancy at hotels in the United States for the week ended July 11 increased by 30 basis points to 45.9 percent, according to STR. But average room rates declined by $4.03 to $97.33, pushing revenue per available room down by ...
The coronavirus pandemic is having a severe impact on commercial mortgage originations, which the Mortgage Bankers Association predicts could result in volumes declining this year by a whopping 60 percent to roughly $250 billion. Volumes would rebound next year, but ...
The volume of CMBS loans in special servicing continued to balloon last month as another 291 mortgages with a balance of $11.2 billion transferred, according to DBRS Morningstar. Since the coronavirus pandemic started in March, 652 loans with a balance ...
Occupancy at United States hotels ticked down heading into the Fourth of July weekend, ending an 11-week run of increases, according to STR. It declined by 0.6 percentage points during the week through July 4, to 45.6 percent. The dip ...
The volume of delinquent CMBS loans against hotel and retail properties has risen at an alarming rate. Meanwhile, those against other property types have held up relatively well.
Commercial Real Estate Direct Staff Report The confidence of commercial real estate executives reached its lowest level since the first quarter of 2009, according to the latest survey from the Real Estate Roundtable. But those same executives remain optimistic about ...
The hotel property sector, which has suffered greatly as a result of the coronavirus pandemic, is not expected to rebound until 2023. That's bad news for CMBS hotel loans.
The apartment market seems to have weathered the storm caused by the coronavirus pandemic.
A total of 3.8 million square feet of office leases were signed in Manhattan during the second quarter, a 66.4 percent decline from the 11.2 million sf of deals inked at the same time last year, according to CBRE. Restrictions ...
Bisnow WinnCompanies has extended its moratorium on evictions for nonpayment of rent at its Massachusetts apartment properties through the end of the year. The company noted that residents are required to demonstrate financial hardship before getting their rent payments deferred. ...
The market for retail properties net leased by their tenants has struggled to regain momentum lost when the coronavirus pandemic forced nationwide shutdowns and quarantines. Capitalization rates for net-leased properties in that sector increased by 10 basis points to 6.25 ...
The Norfolk/Virginia Beach, Va., hotel market recorded a 61.4 percent occupancy rate for the week ending June 27, according to STR, a Hendersonville, Tenn., industry analytics company. That's up from 54 percent a week earlier and is the second consecutive ...
Essential Properties Realty Trust Inc. collected 72 percent of the rent it was owed in June, up from 65 percent in May. The Princeton, N.J., REIT, which owns 1,050 retail properties with 8.3 million square feet that are net leased, ...
Commercial Real Estate Direct Staff Report The size of the commercial mortgage universe grew by $61 billion, or 1.7 percent during the first quarter, to $3.72 trillion, according to the Mortgage Bankers Association. The coronavirus pandemic didn't impact lending until ...
The second quarter saw only $9 billion of domestic, private-label CMBS issuance, the lowest quarterly total since the first three months of 2012, when the sector was just pulling itself out of the post-Global Financial Crisis funk. JPMorgan Securities jumped ...
The volume of CMBS loans that were classified as being more than 30-days late last month jumped by more than 44 percent to $54.29 billion, according to Trepp LLC. That's equivalent to 10.32 percent of the entire $525.97 billion universe. ...
Commercial Real Estate Direct Staff Report The volume of Freddie Mac loans that have received approvals for payment deferrals increased this month by 178 loans with a balance of $1.5 billion, bringing the total volume of loans in the agency's ...
Property prices could drop by at least 10.2 percent as a result of the pullback in investor demand stemming from the coronavirus pandemic, according to a study by the Massachusetts Institute of Technology's Center for Real Estate. Retail properties will ...
Recent improvements in hotel operating metrics has prompted STR to revise upward its forecast for the hotel sector. But the Hendersonville, Tenn., research company still doesn't expect the property sector to fully recover from the crippling impact of the coronavirus ...
The U.S. hotel industry's slow climb out of the deep hole created by the coronavirus pandemic has continued for the 10th week in a row as occupancy increased to 43.9 percent for the week ending June 20, up 2.2 percentage ...
Only $9.8 billion of properties changed hands last month - the lowest volume for a May in a decade - according to Real Capital Analytics, as the coronavirus pandemic has driven a widening gap between what investors are willing to ...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has tagged another 626 CMBS loans with a balance of $10.5 billion as potentially problematic, increasing the volume of loans flagged as Kroll-Loans of Concern, or K-LOCs, to 4,351 with ...
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
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© 2023 Commercial Real Estate Direct All rights reserved.