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Local governments are worried about the end of federal aid through pandemic packages.
Some cities saw vacancy rates drop by more than 100 basis points since the opening of 2023.
Inflation deceleration is still happening and Fed officials won't back down until they're sure they've won.
But the potential distress is almost three times as the current distress.
Choice Hotels $7.8 billion offer for Wyndham gets rejected and a PIMCO JV hands the keys back on 20 hotels.
The new company is reserving capacity for the first quarter of 2025.
The company also announced a new product that it calls HqO Rex Platform.
Things are changing in finance, and CRE borrowers need to follow along.
The sector is currently outperforming both the S&P 500 and Russell 2000 according to BTIG.
Even the best office classes will take a big hit, investors say.