US - Commercial Real Estate & Reits

[behappyalways]

US CRE Prices Slide For First Time Since 2011 As 'More Downside Coming'
https://www.zerohedge.com/markets/us-cr ... ide-coming


San Francisco Falls Further into the Abyss as Office Values Plunge 75 Percent
https://www.hoover.org/research/san-fra ... 75-percent

[behappyalways]

Goldman Finds "Most Accurate" Reading Of Current CRE Conditions, Predicts 25% Drop In Office Building Prices
https://www.zerohedge.com/markets/goldm ... re-turmoil

[behappyalways]

WFH is too prevalent in the United States! The vacancy rate of commercial offices in San Francisco increased to nearly 30% in Q1, impacted by telecommuting! New York commercial office prices may collapse by 40% by 2029


美WFH太盛行!舊金山商辦空置率Q1增至近3成 受遠距辦公衝擊! 紐約商辦價到2029恐崩4成｜非凡財經新聞｜20230523

https://m.youtube.com/watch?v=HqnpZWup1Lw

[behappyalways]

Blackstone’s BREIT Limits Withdrawals for a Seventh Month
@markets

Investors asked to redeem $4.4 billion in May from the $69 billion Blackstone Real Estate Income Trust, compared with $4.5 billion in April.

BREIT allowed $1.3 billion to be withdrawn, or about 30% of the amount

https://twitter.com/danjmcnamara/status ... 1583712260

[behappyalways]

Park Hotels Makes "Difficult" Decision To Stop Paying San Fran CMBS Loan, Citing "Concerns Over Street Conditions"
https://www.zerohedge.com/markets/park- ... cerns-over

[behappyalways]

New Poll Finds Half Of Major Corporations Plan To Cut Office Space As CRE Turmoil Rages On
https://www.zerohedge.com/markets/new-p ... moil-rages

[behappyalways]

CEO: "I Talked To 48 Lenders About Debt For A New Apartment Project. Zero Came Back With A Bid"
https://www.zerohedge.com/economics/ceo ... e-back-bid



"Just Tip Of Iceberg": CMBS Storm Unfolds As Delinquent Office Loans Hit Five-Year High
https://www.zerohedge.com/markets/just- ... -year-high

[behappyalways]

CRE Doom Loop Accelerates As Westfield Abandons Largest San Fran Mall, Stops Paying $558 Million Loan
https://www.zerohedge.com/markets/cre-d ... 58-million

[behappyalways]

Regional Banks Scramble To Unload Commercial Real Estate Loans, Fearing New Crisis
https://www.zerohedge.com/economics/reg ... new-crisis

[winston]

Weak US Commercial Properties

US office buildings are unlikely to regain their peak pre-pandemic values until at least 2040 as demand for desk space weakens.

Values are expected to plunge 35% from the peak by the end of 2025 and take an additional 15 years or more to recover as hybrid and remote work reshape real estate.

It’s a trend that mirrors the collapse of shopping malls as e-commerce grew.

Demolitions and conversions of the worst assets may partially counteract the impact but ultimately, landlords will have to bear those costs, so the road ahead for office owners is set to be an arduous one.

Source: Bloomberg