Distressed U.S. commercial properties grew to $86B at the end of 2023, with office assets making up 41%
Alphabet, Google's parent company, paid $1.8B in 2023 to terminated leases early, incurring $269M in accelerated rent and depreciation
The real estate investment trust said it plans to sell 56M shares priced between $12 and $15 per share
Mercedes-Benz debuted a $1B luxury residential tower development in Dubai
The SEC is concerned over some regional and community bank’s exposure to CRE loans and the asset class' potential to trigger bank failures
Bilt Rewards recently obtained a $200M equity investment which values the company at $3.1B
The $33M in rent is owed at locations where the company is trying to renegotiate it leases
RXR and Ares have combined to launch a $1B distressed office fund
Blackstone to acquire Tricon Residential in deal representing $3.5B in equity value
Ethan Penner, credited with creating the CMBS market in the 1990s, and Chad Carpenter, plan to launch a mortgage REIT targeting office assets
BREIT and Brookfield REIT report annual losses of 0.5% and 6.71% in 2023
2024 is expected to see 670K units delivered, a 52% increase from 2023's 36-year high
