The steady decline in the all-property 30+ days CMBS delinquency rate hit a bump in June, as one hotel portfolio loan skewed the figure higher, according to research firm Trepp. As a result, the June all-property delinquency rate rose to 2.84 percent, an 18-basis-point increase from the month prior. Year-over-year, the June delinquency rate was down by 111 basis points, Trepp reports.
Private equity investors seem to be losing steam when it comes to allocating money to new real estate funds, according to the second quarter of 2019 report from London-based research firm Preqin. The firm found that fundraising in the sector declined noticeably compared to the first three months of the year, and that investors are planning to commit less capital to real estate plays going forward. Here are the main takeaways from the report.
A logistics company partly owned by Related Cos., the developer behind Manhattan’s Hudson Yards, is searching for locations across North America to build its multistory robotic warehouses.
High-rise developers in Manhattan are struggling due to glut of new supply, new tax laws and declining demand by foreign buyers, reports the Wall Street Journal. The New York Times looks at new office designs in the open workplace. These are among today's must reads from around the commercial real estate industry.
