Hints and tips:
...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
...“The market seemed to adjust to rates of around 4 per cent,” says Lucian Cook, head of residential research at Savills estate agency....
...Shares of publicly traded brokerages fell after the settlement was announced: Compass closed down 14.3 per cent, Redfin dropped 4.9 per cent and Anywhere Real Estate — whose brands include Century 21, Coldwell...
...Who Bill Winslow — Coldwell Banker Schmidt Harbor Springs Town house, Chicago, $3.75mn Where In Chicago’s Gold Coast historic district, a few minutes’ walk from both Lake Michigan and notable museums and...
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...According to US Mortgage Bankers Association data provided by Newmark, $929bn of commercial real estate debt will need to be repaid or refinanced this year alone....
...James Seppala, head of European real estate at Blackstone, said the deal “demonstrates exceptional investor demand for high-quality real estate in the strongest markets”....
...commercial real estate loan losses in more than seven years....
...He’ll be watching residential property markets in Australia, Canada, the UK and Sweden; commercial real estate in the US and Germany; US corporate debt; and default rates from US consumers on credit cards...
...“Recent stock market gains have enhanced the purchasing power of higher-end consumers,” says Jonathan Miller, professor of residential real estate at Columbia University in New York....
...Today, you can still tell us a scary story about US commercial real estate, but the overwhelming story is that there’s no reason to expect lagged effects. So now the question is why?...
...cap rates (a common measure of rental yields) across commercial real estate segments....
...The real ninjas adept at appropriating other people’s money for their own purposes are not bankers or developers, however. They are politicians and central bankers....
...Urban doom loop Losses in commercial real estate are hitting more than just investors....
...But like many peers in the private equity industry, HIG had in recent years expanded its investment focus, using success in corporate buyouts to push into strategies spanning real estate credit, infrastructure...
...For the estate agents trying to sell apartments in the city’s forest of skyscrapers, the new Manchester is defined by two equally slippery concepts....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund, has 50 per cent of the project....
...It is easy to think of real estate and have automatic flashbacks to 2008, when residential mortgages brought the global financial system to its knees....
...News round-up Police raid more than 20 offices and premises in Adler Real Estate probe (FT) Pension schemes argue London listing reforms would damage City (FT) PwC tells UK staff to expect smaller pay...
...“After-work drinks are more lively in the City, there’s no real pubs around here.” The private estate has fought against this perception....
...Rowan said Apollo is making money the old-fashioned way: taking prudent risks where others no longer are willing to tread, such as in the senior secured financing of receivables, of aircraft, of real estate...
...The bitter legal battle dividing a banking dynasty At the time of his death, Joseph Safra was the world’s wealthiest banker, having built up a $25bn commercial empire spanning finance, real estate and agribusiness...
...Venture capital-backed funding for so-called proptech dropped more than a third year over year in 2022, according to the Center for Real Estate Technology & Innovation....
...He was most recently Instone Real Estate Group’s CFO. Freshfields Bruckhaus Deringer has appointed Daniel Anderson as a restructuring and capital solutions partner, based in Hong Kong....
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