Office loan distress heads higher; REIT completes $1.1 billion refinancing; Higher cap rates projected for 2026
A weekly look at the commercial mortgage-backed securities business
Office loan distress heads higher: Troubled office property loans that are part of commercial mortgage-backed securities, already at or near their highest levels this century, keep...
Data centers surge to top of buying lists for REITs
Retail sector also shows strong growth, trade group says
Publicly traded real estate investment trusts are buying more data centers than any other property type.
Troubled bank loans decline for first time since 2022
Distress persists in properties that rely on rental income, FDIC data shows
The level of delinquent commercial real estate loans on U.S. bank books declined in the second quarter for the first time since 2022, according to data from the Federal Deposit Ins...
Single-borrower loans bolster CMBS market
The deal type has accounted for nearly 60% of offerings this year
Commercial mortgage-backed deal volume surged in the first half of the year, even as interest rates have held near recent highs.
Foreclosed property holdings at US banks grow 30% annually
Sales are bringing in less money, FDIC data shows
U.S. banks have steadily expanded their portfolios of foreclosed commercial properties at a time when selling them brings in less money.
Student housing property sales rebound
Investors flock to Florida, Georgia and the Carolinas
Student housing property sales rebounded in 2024 from their lowest annual volume in 2023, according to CoStar data. Sales rose to $6.6 billion last year from $3.9 billion in 2023 —...
Private investor acquires fully leased retail center near Lincoln, Nebraska
Sale/acquisition of the year for Lincoln
A private investor has acquired a retail center near Lincoln, Nebraska, that was fully leased at the time of sale and received multiple inquiries from potential buyers.
Lighthouse Autism Center provides therapy resources at former school building in Nebraska
Lease of the year for Lincoln
A building previously occupied by Lincoln Public Schools now houses a new location for Lighthouse Autism Center.
Press Pickleball Club drives economic growth while preserving building history
Redevelopment of the year for Spokane
A vacated commercial space, previously a production facility for the Spokesman-Review newspaper, has been adapted into a community-driven pickleball palace called the Press Pickleb...
Clearwater Paper Corp. lease encourages employees to return to office
Lease of the year for Spokane
A return to in-person work at the office was clear with Clearwater Paper Corp., a paperboard packaging supplier focused on servicing independent converters in North America, as it ...
West Plains Logistics creates job opportunities and strengthens the eastern Washington economy
Commercial development of the year for Spokane
An industrial space dedicated to warehousing, distribution and manufacturing has already attracted businesses to lease at 10015 W. Hallett Road.
Ministry plans to transform gentlemen's club to safe haven for women
Sale/acquisition of the year for Spokane
A shift toward empowerment, protection and support for vulnerable individuals is symbolized by the sale of a former gentleman's club at 8722 E. Sprague Ave. to the Helping Captives...
River Landing rental townhouses expand choices to meet region's housing demand
Multifamily development of the year for Spokane
More families and individuals will have the opportunity to reside closer to retail and entertainment venues in the Spokane area thanks to the River Landing Townhome Collection.
Banks’ commercial property loan delinquency hits 10-year high
Charge-offs hold steady, signaling reluctance to take losses
U.S. banks reported the highest percentage of delinquent commercial real estate loans in 10 years for the fourth quarter, according to Federal Reserve data.
Banks appear ready to loosen lending standards
Loan demand expected to pick up across commercial property types, Fed survey says
U.S. banks appear ready to approve more commercial real estate financing in 2025.
Deal volume in 1031 property exchanges falls to 12-year low
High interest rates have restricted popular tax-advantaged deals
Years of high interest rates have taken their toll on 1031 exchange transactions, deals popular in commercial real estate because they let investors defer capital gains taxes when ...
Most real estate employers expect artificial intelligence to transform their businesses
Survey finds technology could replace many roles
The World Economic Forum’s recent Future of Jobs Survey revealed that 86% of employers expect artificial intelligence and information processing to transform their business by 2030...
Foreclosures tick up, led by Nevada, New Jersey and Florida
Filings nationally for October remain 11% lower than 2023
Foreclosure filings rose 4% in October compared to the month prior, but remain down 11% from a year earlier, new data shows.
The latest real estate landscape, according to the Fed
Policymakers report on the health of regional economies
Total economic activity has not fluctuated wildly across the country since early September, according to the Federal Reserve in its most recent Beige book — policymakers' periodic ...
Hurricane Milton could end up wrecking as many as 500,000 homes in Florida
Residences in some of the hardest hit counties were built before Florida changed its building codes
About 500,000 residential properties in Florida's Tampa Bay and Sarasota areas are at risk of storm surge flooding after Hurricane Milton made landfall with Category 3 strength on ...