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Many investors globally need to close out positions, which means heavy selling, lower prices, and less capital available for projects.
Portfolio and entity trades increased 24% over the past year, indicating that institutional capital is returning to the market.
While large banks reported unchanged lending standards for CRE loans, other banks said terms have tightened.
A guide to the lease-up loan landscape.
A post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2.
There may be others in urban areas also in danger.
The property is 69 percent leased.
Deal enables local developers to move forward with $5B mixed-use project.
Visitation is 77 percent the 2019 levels.
The cost comes out to $183 per square foot.