Diving into the turbulent waves of November's real estate landscape, our spotlight reveals the seismic shifts and challenges across diverse sectors, from the 'Godfather' of life sciences grappling with a sharp downturn to multifamily investors seeking 'generational opportunities.'
Life Sciences
November 12, 2023 The 'Godfather' Of Life Sciences Real Estate Faces The Sector's Sharpest Downturn Yet
Alexandria Real Estate Equities is “the largest player” in the life sciences sector with a $37B valuation. 2023 saw a substantial decline in the sector, with the company’s stock also taking a hit.
Industrial
November 8, 2023 Industrial Property Values Sink By 9% As Demand Dries Up
In 2023, the industrial market has been easing from its high points in 2021 and 2022.
Office
November 15, 2023 Office Usage Reaches Highest Mark Since March 2020
Kastle had found that office occupancy had reached 50.5% within 10 cities, with Chicago, San Francisco and New York experiencing the highest percentage increases.
Multifamily
Owners of rent-stabilized multifamily assets based in New York City have been contending with challenges related to rising costs and an increase of delinquency rates for loans tied to these assets.
November 16, 2023 Where Inexperienced Multifamily Investors Rushed In, 'Generational Opportunities' Await
Increased interest rates have caused distress within CRE. As a result, multifamily investors have been eyeing distressed properties, with some looking to make a purchase upon foreclosure.
November 17, 2023 Class-A Multifamily Rents Might Not Stabilize Until 2025, Analysis Finds
Origin Investments is predicting that rents for Class A multifamily may fall in 2024 and will see improvement in 2025.
Capital Markets
October 31, 2023 Top Takeaways From The New ULI/PwC Emerging Trends Report
Urban Land Institute and PricewaterhouseCoopers published a report called Emerging Trends in Real Estate 2024. 10 takeaways were covered within the report and includes responses from Anita Kramer, senior vice president of the ULI Center for Real Estate Economics and Capital Markets.
While JLL CEO Christian Ulbrich had predicted that the state of the real estate market would begin to improve within H2 2023, it is now estimated to be pushed to H2 2024.
According to Commercial Observer, Fannie Mae stated that mortgage lenders with loans that involved brokers have to undergo a pre-review process. However, loans with rates that were locked in before Tuesday, Nov. 7 were not subject to pre-review.
November 13, 2023 Mezzanine Loan Foreclosure Notices Spike To Highest Level In 15 Years
The Wall Street Journal found that through October, approximately 62 foreclosure notices have been doled out to loans with increased risk as well as mezzanine loans.