The Overall Distress Rate for CRE CLO jumped to 8.6% in January, up from 1.4% at the start of 2023
A research piece by Goldman found only ~0.8% of US office inventory is a financailly viable candidate for conversion
Fannie Mae predicts a rise in SFR starts and drop in Multifamily development starts as housing inventory remains constrained
After reporting a 1.7% drop in revenue, Macy's announced 50 store closures by end of 2024 and an additional 100 in the future
Discount retailers were the most active retail tenant in 2023 with Dollar Tree and Five Below alone leasing a 3M sf
Boston, which collects over a third of its tax from CRE taxes, is facing a massive shortfall thanks to empty offices
D.C. leads the nation with 65% of all planned office-to-residential conversions
Lending activity rose by 1% in Q4, with lending momentum down by 38% in 2023
The gap between the markets experiencing the highest rent growth (Midwest) and those experiencing the lowest rent growth (South) is tightening
The city of San Francisco issued 1,136 home building permits in 2023, a 13-year low
WeWork co-founder Adam Neumann is trying to buy back WeWork via his new company, Flow Global Holdings
Group of investors who lost money on Nightingale Properties offerings via CrowdStreet file a claim with FINRA seeking an injunction
