Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
Comprising a $700-million sale-leaseback and a $700-million mortgage investment, the completion of the deal with Medical Properties Trust coincides with Steward Health Care's merger with IASIS.
Although the results vary among the five major sectors, “there is no denying the overall softening of commercial real estate pricing,” says Peter Muoio at Ten-X.
“Change must be carefully considered to those specific aspects of the tax code that have an outsized impact on the multifamily sector," say the National Multifamily Housing Council and National Apartment Association.
With Toronto topping this year's Global Real Estate Bubble Index, three quarters of the gateway markets studied by UBS are either overvalued or in bubble territory.
For the first time since 2015, multifamily originations grew more slowly by dollar volume than debt for other property types, says Jamie Woodwell at the Mortgage Bankers Association.