CRE Daily

Remember Forrest Gump’s shrimping boat that survived the storm? Richard Byrne sees today’s market the same way. If you’re the last one standing, it’s a chance to scoop up what others left behind. Hear Richard Byrne on handling tough markets and finding opportunities—only on #NoCapPodcast! Watch the full episode here: https://lnkd.in/ebyVM755 #realestate #podcast #commercialrealestate #nocappodcast

?????'Tis the season! Searching for the perfect fit to this year’s holiday party or need some last-minute gifts for your team? We've got you covered. Shop our limited-edition ugly?Christmas sweaters—CRE Daily's version. View the collection ?? https://lnkd.in/eY9wA29q

?? ?????????????? ????????????: Read our take on Lev, a data, workflow, and CRM platform that facilitates CRE financing transactions for sponsors and brokers.

Manhattan’s office vacancy rate dropped to 16.8% as of September, outperforming the national average of 19.5%. Investment activity surged with $2.7B in YTD sales, leading all U.S. markets in total volume and average PSF prices. ?????? https://lnkd.in/e84rJ5jc

The National Association of Home Builders (NAHB) reported that optimism in the single-family home market is at its highest level since April.

Adam Neumann’s Flow is making moves in Miami. You can't make this stuff up. Flow has partnered with Israel’s Canada Global; to acquire the Aventura Corporate Center for $116.2M. The site, acquired from Stonecutter Capital, has big plans: two 24-story towers with residential and commercial space. Link in comments to the full story ??????

Billions raised for distressed real estate deals are still sitting idle, as the expected wave of opportunities hasn’t materialized. ? The anticipated wave of distressed asset sales has failed to materialize, with the number of distressed properties reaching just $102.6B nationwide in Q3, according to MSCI Real Assets. ? CRE opportunity and distress funds raised a staggering $70B in 2022, but contributions have dwindled to $31B in the first three quarters of 2024, per Preqin. ? Meanwhile, direct lending funds have taken the spotlight, offering 'equity-like returns' amid tighter credit conditions.

Breaking the unwritten rule in finance? Richard Byrne did just that. He laughs about it now, but we’re sure it was anything but easy back then!?? Get the full story here: https://lnkd.in/ebyVM755 #commercialrealestate #nocappodcast #financeanalyst #marketanalysis #investmentinsights #equityresearch #financialanalysis

EQT Exeter, the real estate arm of Swedish investment giant EQT, acquired 33 distribution buildings spanning nearly 5 MSF in 12 U.S. markets.

One of Manhattan’s newest office buildings, completed in 2022—just sold for?6% below its current debt?of $255M. ??