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September 21, 2023

CRE Awaits Signature Bank Loan Sales For Desperately Needed ‘Pricing Signals’

Hear From Rose Associates, The Hudson Cos. & More For The NY Multifamily Event Oct. 4

As banks work to reduce their commercial real estate exposure and the Federal Reserve keeps rates at an elevated level, executives are now eyeing the outcomes of loans sales and what they could mean for the market.

CRE Awaits Signature Bank Loan Sales For Desperately Needed ‘Pricing Signals’

“There are a lot of zombie banks out there at this point, regional community banks have got significant overexposure to real estate, significant overexposure to office. And the market, I think, is waiting for the pricing signals,” Nishant Nadella, managing director at 3650 REIT, said…

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Rent-Stabilized Inwood Portfolio Sells At 44% Discount

Rent-Stabilized Inwood Portfolio Sells At 44% Discount

Barberry Rose Management has sold a portfolio of rent-stabilized apartment units mostly in Manhattan’s Inwood neighborhood — but at a price well below what the multifamily owner paid in 2016.The 16 properties sold to Coney Realty for $47M, a 44% discount from the $83.6M…

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W.P. Carey Exiting Office With Spinoff, Sales

W.P. Carey Exiting Office With Spinoff, Sales  

A 50-year-old net lease real estate investment trust is abandoning the office market to beef up its industrial holdings. W.P. Carey is aiming to sell 87 office assets by January and is spinning off the remainder of its office properties, 9.2M SF leased to single entities, into a new publicly traded…

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