Commercial Real Estate Market To Grow By USD 384.46 Billion (2024-2028); Global Commercial Sector Growth Boosting Market, Ai Driving Transformation - Technavio
NEW YORK, Dec. 18, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global commercial real estate market size is estimated to grow by USD 384.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. Growing commercial sector globally is driving market growth, with a trend towards increasing marketing initiatives. However, rising emphasis on remote work and online shopping poses a challenge.
Red Stone Equity Partners Closes Largest Multi-investor Lihtc Fund Offering In Its 17-year History
NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Red Stone Equity Partners LLC ("Red Stone Equity" or the "Company"), a privately-owned real estate finance and investment company specializing in affordable multifamily residential funds and financings, announced the closing of Red Stone Equity – Fund 113 Limited Partnership ("Fund 113"), a $263.2 million multi-investor Low Income Housing Tax Credit ("LIHTC") equity investment fund.
'i Have Yet To Sell A Building Where I Didn't Regret Selling ': Families Forced To Sell Nyc Icons
New York’s storied real estate dynasties are breaking a rule passed down through generations – never sell your buildings.As the office market crumbles under the weight of remote work, New York families are forced to part with properties they’ve held for decades. William Rudin, whose family helped shape Manhattan’s skyline, recently sold control of two financial district towers his family developed in the 1960s. "The world has changed," Rudin, the co-executive chairman of his family's firm, told the Wall Street Journal.
Capitaland Warns Of China Losses As Singapore Property Investor Cuts Exposure | The Straits Times
Its current exposure to China is 27 per cent of its $113 billion in funds. :
SINGAPORE – CapitaLand Investment, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis. The Singapore-listed firm wants to reduce its exposure in the world’s second-largest economy to 10-20 per cent of its expected $200 billion in funds under management by 2028, it said in an investor day presentation on Nov 22.
Savanna Acquires Class-a Office Building At 799 Broadway In Manhattan For $255M
Investment firm adds newly built prime property in Greenwich Village to office portfolio through distressed sale with highly favorable price
NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Savanna, a New York City-based real estate investment manager, owner/operator and developer, announced it has acquired 799 Broadway, a 12-story, 176,588 square foot trophy quality Class-A office building with ground-floor retail located in the Greenwich Village neighborhood of lower Manhattan. Savanna acquired the distressed office property from Columbia Property Trust and Cannon Hill Capital Partners at a deeply discounted price of $255 million, completed through a lender-controlled sale process administered by Blackstone.
Florida Commercial Real Estate Loans: Tightened Lending And Increased Delinquencies | Lowndes
The commercial real estate (CRE) market in Florida, like much of the nation, is navigating significant challenges. Rising vacancy rates, increasing loan delinquencies, and tightening credit conditions have created a more difficult environment for both borrowers and lenders. While transaction volumes have seen a modest uptick due to lower interest rates, the broader outlook remains uncertain....By: Lowndes.
Practical 1031: What Is An Internal Revenue Code Section 1031 Like-kind Exchange? | Levenfeld Pearlstein, Llc
Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange” the real estate the taxpayer wishes to sell (the “old property”) for replacement real estate (the “new property”) in a manner that allows all or part of the otherwise taxable gain on sale of the old property to be deferred....By: Levenfeld Pearlstein, LLC.
Commercial Real Estate Foreclosures Soar By 48% Nationwide While California Sees A 238% Surge
Commercial real estate foreclosures are surging across the U.S., with foreclosures climbing 48% in September year-over-year. California's numbers are especially striking, with a massive 238% increase, per ATTOM's recent report, as detailed by Business Insider. This spike points to growing pressures in the sector. This trend is likely influenced by rising interest rates and lingering effects from post-pandemic shifts in demand, particularly for office spaces. States like New York and Florida are also seeing big foreclosure increases, up 48% and 49%, respectively.
Commercial Real Estate Foreclosures Soar By 48% Nationwide While California Sees A 238% Surge
Commercial real estate foreclosures are surging across the U.S., with foreclosures climbing 48% in September year-over-year. California's numbers are especially striking, with a massive 238% increase, per ATTOM's recent report, as detailed by Business Insider. This spike points to growing pressures in the sector. This trend is likely influenced by rising interest rates and lingering effects from post-pandemic shifts in demand, particularly for office spaces. States like New York and Florida are also seeing big foreclosure increases, up 48% and 49%, respectively.
Gtis Brazil Fund Iii Ranked As The Most Sustainable Private Equity Real Estate Fund In Latin America By Gresb Benchmark
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- GTIS Partners LP ("GTIS"), a global real estate investment firm with a $4.4 billion gross asset portfolio, is pleased to announce the results from its participation in the Global Real Estate Sustainability Benchmark ("GRESB") survey for 2024. GTIS Brazil Real Estate Fund III was recognized as the most sustainable real estate fund in the America's Office segment and awarded as regional sector leader, scoring 93 points, a four point increase over the prior year.