commercial real estate

A staggering $929 billion of commercial real estate (CRE) mortgages are on the brink of maturity in 2024, representing nearly a fifth of the sector’s overall $4.7 trillion debt, data from Goldman Sachs revealed Wednesday. This critical insight comes at a time when the CRE debt market grapples...

The listing prices of struggling office properties remain prohibitively high and must fall by nearly half to make their conversion into multifamily homes economically viable. Those stark findings came from Goldman Sachs economists Elsie Peng and Vinay Viswanathan, who shed light on the deep impact...

Bad loans in the commercial real estate (CRE) industry have begun to exceed the loss reserves set aside by institutions such as JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Inc. (NYSE:GS), and...

More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial real estate (CRE) loans. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to...

Tuesday’s consumer price inflation data disappointed equity market investors who were still — despite the Federal Reserve’s insistence otherwise — hoping for the first rate cut in March. “Jerome Powell already said he wasn’t going to cut rates in March. I think the problem...

Office property transactions within Seattle’s central business district (CBD) have experienced a dramatic decline, falling to just $29 million in 2023, a staggering 98.7% drop from the previous year’s $2.3 billion, as Trepp reported this week, citing data from Cushman & Wakefield....

While investor sentiment is running high in the early weeks of 2024, risks remain that could topple the equity market rally that began in the fourth quarter of 2023. Among them: the threat of systemic risk should stresses in the commercial real estate sector hit regional banks. Data from Apollo...

New York Community Bancorp (NYSE:NYCB) shares climbed on Monday after executives said they were buying stock. What Happened: NYCB is enjoying some respite as shares rallied 7% Monday, adding to gains notched up on Friday when company executives disclosed they had bought stock in the bank....

Shares of New York Community Bancorp (NYSE:NYCB) were tumbling more than 10% to below the $4 mark in Wednesday morning trading, hitting their lowest level since March 1997. The stock was halted on a circuit breaker to the downside before resuming trading. This steep decline comes amid ongoing...

Shares of New York Community Bancorp Inc. (NYSE:NYCB) experienced a significant drop, plummeting 22.15% during Tuesday’s trading session to reach lows not seen since April 1997. The bank has become a focal point of investor concern after losing 38% of its value following the announcement of...

Regional bank stocks are experiencing heightened volatility following the release of New York Community Bancorp (NYSE:NYCB)’s disappointing quarterly results, reigniting concerns about the sector’s structural challenges. Investors are particularly scrutinizing the exposure of regional...

Despite the prospect of the Federal Reserve reversing its rate hikes, a banking executive on Wednesday offered a bleak outlook for the real estate market. What Happened: The U.S. real-estate market is likely to remain “very ugly” over the next two years, said Cantor Fitzgerald CEO...

In a challenging financial environment, owners of large U.S. office buildings are reportedly facing the burden of billions of dollars in debt due this year, with the current high-interest rates making refinancing a daunting task. What Happened: Per the Mortgage Bankers Association’s data,...

An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for hotel investment. Because of the spike in travel,...