With the Federal Reserve raising interest rates again on Wednesday, the debt-laden deals that whipped the commercial real estate sales market into a record-setting frenzy last year have all but disappeared. Overall investment sales transactions are down by half year-over-year, but for sellers who need an exit, they increasingly have one place to turn: all-cash buyers. Sovereign wealth funds, international fund managers and the family offices of billionaires have grabbed a much larger share of the sales market in recent months, and experts who spoke to Bisnow said they will continue to be in the driver’s seat until borrowing costs stabilize. 
“Equity has a high value now, which was not the case over the last couple of years,” Henning Koch, the CEO of German investment firm Commerz Real AG, told Bisnow this week. “We believe we can play our strengths now much better.”Commerz Real has made…  Read the full story here. | 
