Latest Newsletters

Read the latest CRE Daily newsletter and explore past issues to catch up on any you may have missed.

January 27, 2023

Move Over Vegas And Macau, NYC Casinos Are Coming

Gambling firms want to construct a casino in Manhattan, but officials are doubtful. Developers are proposing building on sites in central Manhattan, such as Saks Fifth Avenue and Times Square, to attract tourists and wealthy clients.

January 26, 2023

CoStar in Talks to Buy Murdoch’s Move Inc. for $3B

News Corp. is discussing the sale of its stake in Move Inc., the operator of Realtor.com, to CoStar Group, the owner of Homes.com, in the midst of a difficult real estate market.

January 25, 2023

US Student Housing Draws Fresh Capital in Record-Breaking Year

Student housing returns are staying strong in the face of rising rates, attracting interest from institutional and foreign investors.

January 24, 2023

Property Market Facing $175B Debt Crisis Globally

A global debt crisis looms as lenders pressure landlords to sell their assets in a bear market.

January 23, 2023

Small Investors are Taking Big Bets on Old Offices

In a shocking turn of events, a handful of contrarian investors are bullish on the long-term prospects of the office market. Recognizing the once-in-a-cycle pricing, many claim now is the time to scoop-up quality assets for cheap.

January 20, 2023

2023: The Year of Warehouses And Recovering Construction?

A recent report from the American Institute of Architects anticipates the potential for an uptick in construction this year.

January 19, 2023

What’s Behind the $20B Withdrawals from Core Property Funds?

A group of institutional investors’ property funds saw $20 billion in withdrawal requests at the end of last year, the largest amount since the Great Recession.

January 18, 2023

Unprotected Landlords Get Clapped by Rising Rates

The cost of insuring commercial real estate loans has risen dramatically, with property owners now paying ten times more than they did a year ago to protect against rising interest rates.

January 17, 2023

Laid-Off Workers Turn to Entrepreneurship and Secure Prime Office Spaces at a Discount

As tech giants keep laying off workers and shedding office space, new startups could secure prime locations for cheap.

January 16, 2023

Multifamily Developers are Nearing Default on ~$1.0B in Loans

Due to rising interest rates, Veritas Investments and the Chetrit Group are nearing default on ~$1.0B in loans.

January 13, 2023

Hines: Two CRE Signals to Watch in 2023

With market readjustments and uncertainty on the horizon, Hines suggests keeping an eye on two key signals in CRE.

January 12, 2023

CBRE: 2023 Investment Activity Outlook

According to CBRE’s 2023 Investor Intentions Survey, the greatest challenges this year for investors are rising interest rates, potential recession and limited credit availability.

January 11, 2023

US Renters Are Really Feeling The Pinch

Nationwide, residential rents are once again too damn high—and renters have little choice but to tighten their belts.

January 10, 2023

Q4 ‘22 Property Sales Post Worst Slowdown Since the Great Recession

In today’s edition, 2022’s Q4 property sales were this century’s worst since the Great Recession. Apple announced plans to add nearly 1 MSF of development to its Austin, TX campus. Manhattan tenants in Stuy Town won an ongoing case that will prevent Blackstone from destabilizing their rents, and much more.

January 6, 2023

NYC Begins Casino Bidding Madness—Starting at $500M

The New York Gaming Facility Board (NYGFB) shook up the world by announcing that it will now receive applications for the first-ever NYC casinos. The minimum bid requires a $500M capital investment and a $500M licensing fee.

January 5, 2023

Apartment Rent Growth Expected to Cool in 2023

A large number of new rental buildings set to be completed in the next few years is expected to reduce rent growth in cities across the country, leading to rent declines in some popular Sunbelt cities due to tenants feeling unable to spend a larger portion of their income on rent.

January 4, 2023

Blackstone Scores $4B From UC Investments Despite Redemption Caps

Blackstone (BX) secures a cool $4B from UC Investments. Despite looming rate hikes, borrowers are snoozing on Fannie & Freddie’s favorable financing terms…

January 3, 2023

Credit Market Cracks Widen, Distressed Debt Near $650B

After years of favorable interest rates and easy money, a series of unfortunate economic events has led to a $650B pileup of distressed bonds and loans, according to Bloomberg.

December 30, 2022

2022 Year End Letter

2022 Year End Letter Jordan B.December 30, 2022 GM. As 2022 comes to a close, I want to share some…

December 29, 2022

Kroenke Expands LA Empire with $325M Mall Purchase

LA Rams owner Stan Kroenke has purchased The Village, an outdoor mall in the San Fernando Valley area of Los Angeles, for $325 million. The sale by Paris-based Unibail-Rodamco-Westfield marks the company’s latest disposition in its exit from the US retail market and is one of the largest property sales in LA in the past year.

December 28, 2022

The Floodgates of Multifamily Supply are Opening in 2023

Multifamily developers in the U.S. added over 400,000 apartment units in 2021 and are expected to add 494,000 units in 2023, the highest total supply in over 35 years.

December 27, 2022

Las Vegas Casino Project Scores $2.2B Loan to Cross the Finish Line

Fontainebleau Las Vegas secures $2.2bn construction loan to complete long-stalled project, set to be completed in late 2023 and featuring 3,700 hotel rooms, 550,000 sq ft of convention and meeting space, gaming, dining, retail and health and wellness spaces.

December 23, 2022

New York’s ERAP Eviction Protections to End in January

Starting January 15th, New York’s Emergency Rental Assistance Program (ERAP) will no longer accept applications from tenants seeking protection from eviction, according to a recent settlement.

December 22, 2022

The Farm Belt is Booming

As commodity prices have risen, farmers, ranchers, and agricultural companies have experienced significant profits, making them some of the few industries to thrive amid a slowing economy in the United States.

December 21, 2022

Industry Leaders Share their Predictions for CRE in 2023

CRE professionals have varying opinions about where we’re headed, but they all agree on one thing—it won’t be pleasant. Here’s what’s in store for each asset class next year.

December 20, 2022

Big Tech’s Correction Spells Trouble For Data Center REITs

Northern Virginia has now surpassed Silicon Valley to become our national data center hub, consuming enough electricity daily to power 1.5M homes. But now that a market correction has curbed Big Tech’s appetite, data center owners may have too much on their plate.

December 16, 2022

NYC Rent-Stabilized Apartments to Face Big Changes

New York City landlords are always finding themselves in the middle of a perfect storm of one kind or another. This time, it’s a tidal wave of mortgage maturities and resets coming their way for those rent-stabilized buildings they bought before the Housing Stability and Tenant Protection Act of 2019 passed.