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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Negative leverage is coming for many borrowers.
But getting to balance will take time as many factors are still moving.
Banks are increasing reserves against risks.
Five of the top 10 metros for job growth are in the South.
Continued RTO rates and solid overall economic growth point to recovery.
Landlords will have to modify both their marketing and underwriting practices.
Mori Building Co. has purchased an 11% stake in the building from SL Green.
A year-over-year analysis showed a 9.9% drop by count.
The tactic didn’t eliminate interest rate pressure for many borrowers.
There’s strength overall ‘with stable vacancy rates and growing consumer spending.’