For much of the past two years, real-estate stocks outperformed the broader stock market. But that trend ended during the fall as investors grew increasingly fretful that a weak global economy would sap demand for commercial space.
One of Blackstone Group’s biggest prizes of the past year is getting a new name, the Hyatt Regency New Orleans is reopening next month, and Willis Tower’s new name is starting to stick.
Europe’s commercial-property market, which for the past two years has been slowly recovering from the depths of the financial crisis, is starting to weaken again due to fears of a global recession.
Sales and leasing volumes in commercial real estate have turned a corner and are heading up, but because the past few years have been so difficult, the upturn barely feels like one. … That's a bit surprising, because the big-four national banks — Wells Fargo, Citibank, Chase, and Bank of America — are in a far better position to make loans. Not only are they sitting on piles of money, but because they've grown to the point where they're too big to fail, …
The challenges of managing commercial real estate had been so daunting that many commercial – real-estate lenders had tried to prevent or delay having to foreclose whenever possible. However, in the past six months, …
Several recent indicators suggest an easing of investment capital for real estate transaction. CoStar notes that life insurers have become more active lenders ; new CMBS offerings are hitting the street; syndicators are starting to assemble new … Commercial real estate lending is down 75% from peak levels, but it rebounded in the past 12 months. It was up 88% in the first quarter of 2011 from the first quarter of 2010, according to CoStar Group. …
In the past three years, Scott Lawlor lost Boston’s tallest skyscraper to foreclosure and became a high-profile example of the commercial-property industry’s excesses. Now he is close to signing up a partner to go shopping with.