Top Read CRE News in April

Don't miss the headlines capturing the attention of commercial real estate professionals across the nation.

Office

April 2, 2023 Office Landlords To U.S. Government: Without Help, We’re Heading For a Financial Catastrophe

Many office towers are experiencing a decrease in value amidst financial struggles and may be in need of federal oversight to stop the sink.

April 3, 2023 Nearly $39B In CMBS Office Loans Will Default, J.P. Morgan Predicts

Approximately $39B in mortgage-backed security office loans will go into default, according to a J.P. Morgan projection.

April 12, 2023 More Cities Giving Away Money For Office-To-Resi Projects As Threat Of Obsolescent Grows

Office-to-residential projects have grown in interest in the hopes of revitalizing some downtown areas and empty offices. While the cost of bringing about these projects might be steep, some cities have been introducing tax incentives to help with financing.

April 25, 2023 ‘Frightening Tsunami’: Office Investment Nose-Dives In Q1 To Lowest Point Since 2010

While many CRE sectors have been struggling with plummeting sales, in Q1 2023, office market sales have dropped by 68% to $10.7B.

Capital Markets

April 10, 2023 Goldman Sachs Disagrees With Other Banks, Tells Market Not To Panic About CRE

Unlike other finance companies, Goldman Sachs is not as apprehensive about how declines in CRE might affect the economy.

April 13, 2023 Wave of Distressed CRE Sales Coming: Colliers

Colliers found that office and multifamily properties below market value will soon see an uptick in sales.

Construction & Development

April 10, 2023 Soaring Insurance Costs Could ‘Paralyze’ CRE, So Investors Are Calling For Reform

CRE insurance premiums have increased exponentially since 2021 and have been especially impactful when coupled with winter storms or hurricanes. CRE investors are advised to keep insurance costs in mind when buying CRE properties.

Multifamily

April 4, 2023 Apartment Sales Plunge As Lower Values, Cost Of Financing Stop Deals In Their Tracks

CRE investors have been cautious about purchasing apartments, as values have decreased. While investors bought apartments totaling $14K, the value has been at its lowest point since 2012.