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Related Special Reports
...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...The fallout from NYCB’s losses, which coincided with similar disclosures by banks in Europe and Asia, hit the wider US regional banking sector and rekindled concerns about lenders’ exposure to US commercial...
...Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage firm CBRE after 22 years in a further sign of the crisis upending commercial property....
...Commercial property values have already fallen steeply, and since rates are unlikely to return to previous lows any time soon, developers will still face higher refinancing costs....
...And while demand for high quality properties remains high, the outlook for low quality buildings is grim....
...The losses mark the latest fallout from the US commercial property market’s dual problems of fewer people working in offices since the pandemic and more expensive borrowing costs....
...In northern Europe debt levels look stretched....
...Tim Carter, managing associate in the intellectual property team of law firm Addleshaw Goddard, said in an analysis of the ruling that it showed EUIPO was not going to allow this kind of commercial exploitation...
...The US commercial property market, the largest in the world, has been sliding....
...Today on the show, Ethan Wu is joined by Robert Armstrong and FT property correspondent Joshua Oliver, who explain what’s going on with NYCB, and what the bank’s troubles tell us about the commercial real...
Tenancy renewal is boost for financial centre hit by string of high-profile tenant departures
...Savills data show sales of properties worth more than £5mn were down 13 per cent last year from the year before, as the post-Covid property boom came to an end....
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...A Canary Wharf office building that fell into receivership last year is to be sold at a 60 per cent discount to its last sale price, in a sign of how sharply the value of some commercial property in London...
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...Chief among the obstacles are funding costs and exposure to the troubled commercial real estate sector....
...One of New York’s biggest property developers is launching a $1bn fund to invest in the city’s distressed office buildings, potentially heralding a new phase in the commercial real estate crisis....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...The figures lag more commercial data provided by companies such as the property website Zoopla, which predicts that rent increases will outpace wages for the rest of the year....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...It’s difficult to tell exactly how much (or whether) a commercial property bust could rebound back on to the banks from any of the categories above....
...The City’s efforts to attract big companies come as the commercial property market battles the effects of remote and hybrid working....
...The sale of the tower is part of BT’s efforts to simplify its property portfolio. It is in the process of reducing the number of offices in its estate from more than 300 to about 30....
...A disagreement last year over intellectual property control resulted in them suing each other, Microsoft ending their partnership and the game being taken offline....
...In the past, converted commercial properties have often been rented back to local government as temporary accommodation for homeless people....
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