Higher Rates, Economic Uncertainty Slow Commercial Lending In The U.S. According to the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which […]
KEY TAKEAWAYS Hybrid work schedules could lead to an $800 billion drop in commercial real estate values by 2030, according to a study by McKinsey. The study found office worker attendance is 30% below what […]
(Reuters) – Prologis Inc (PLD.N) said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (BX.N) for $3.1 billion in an all-cash deal. The acquisition price represents […]
Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year. The amount of distressed assets rose 10% […]
The states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%). The post $339.8 Billion Collected in U.S. Single-Family Home Property Taxes […]
A month after abruptly halting plans for a potential merger of its major media companies Fox Corporation and News Corporation, Rupert Murdoch’s business empire said it’s no longer involved in discussions to sell its real-estate listings business […]
The post Investors Seek to Pull $20 Billion From Core Real Estate Funds appeared first on Weekly Real Estate News.
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