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...Most publicly listed property trusts in the US can handily cover dividends using cash flows from rents, according to Green Street, a commercial real estate research group....
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...“None of them is a real estate expert,” the creditor said....
...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...Like other real estate investors, Canary Wharf has had to cut the size of its loans to refinance against properties that are worth less....
...In a research note on Monday, Bank of America analysts said they had “several conversations” with the NYCB management team over the past 48 hours....
...estate special situations investing team, and has more than $4bn of net assets under management....
...“The challenges are real,” said Aon chief executive Greg Case, in an interview with the Financial Times....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...The placing comes as commercial property investors start to hunt for deals following a steep fall in real estate valuations brought on by rising interest rates....
...Blackstone’s president Jonathan Gray has also said he believes property valuations are beginning to bottom. “We really see real estate bottoming from a valuation standpoint,” he told the FT in January....
...Last summer, Richard Spencer, a management consultant from London, found a home he liked in Mougins, near Cannes, priced at €2.2mn....
...The US firm, which is the world’s largest owner of commercial real estate, paid about €1.1bn for the whole portfolio. It has managed the property with its partner Kryalos, an Italian real estate firm....
...That is particularly the case for real estate funds, but it is also seen in private debt and private equity portfolios....
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...Property owners prospered in the world of cheap debt that made real estate investment relatively attractive. But that high has led to a predictable reckoning....
...Vanessa Errecarte is a lecturer in marketing at the UC Davis Graduate School of Management and owns a branding and digital marketing consultancy, Marketing Simplified...
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property...
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...Fifteen years later, China Evergrande, the world’s most indebted property developer, has collapsed — and they are handling the wreckage....
...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....
...Scott Rechler, the chief executive of RXR, one of New York’s largest office landlords, is teaming up with Ares Management, an alternative investment manager that has $49bn in real estate assets....
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