Spring Finance Forum: Green Shoots Ahead?!

Spring Finance Forum: Green Shoots Ahead?! This week, the nation’s top commercial real estate financiers lent their expertise on how soon a market recovery will appear on the horizon. On the flip side, a new KBRA report shows nearly a third of CMBS office loans are in distress, and valuations take center stage amid uncertainty. Spring Finance Forum 2024: CRE Financiers Eye Signs of Recovery Lenders, brokers and investors inspired some optimism that a market recovery was around the corner at Commercial Observer’s eighth annual Spring Finance CRE Forum. [Read More]( Top Deals Of The Week   - Kennedy Wilson, Related Companies Lend $215M on [Long Island City]( Apartments - Hudson Bay Capital [Supplies]( $155M Refi on The Lexington Hotel - [Related Group]( Lands $142M to Complete NoMad Condos in Wynwood - Bixby Nabs $64M [Refi]( for Neighboring Warehouses in Southern California - Barings Provides $53M Loan to Refi, Build on [Boston-Area]( Industrial Site - BridgeInvest Provides $56M Acquisition Loan for [Houston]( Apartments - Integritas Capital Provides $53M Refi on Vacant [Red Hook]( Land - City National Bank Supplies $37M for 3 [Miami]( Restaurant Properties - Webster Bank Provides $34M Refi on NJ [Veterinary Hospital]( Project Guest Columnist   J.P. Morgan Chase’s Al Brooks Gives His 2024 Midyear CRE Outlook The commercial real estate outlook for the second half of 2024 is largely positive aided by multifamily, industrial and retail, but the higher interest rate environment appears to be here to stay and office vacancies continue to climb, wrote Al Brooks, head of CRE banking at J.P. Morgan Chase. [Read More]( Q&A   CBRE’s Craig Hudleston on Leading a New Approach to Operations Craig Hudleston discussed leading CBRE's newly launched investor portfolio management service as part of a new partnership with Brookfield. [Read More](   Other Stories From This Week   Report: Nearly One-Third of National Office CMBS Is Distressed A new report from KBRA found that the volume of distressed conduit commercial mortgage-backed securities and single-asset, single-buyer CMBS secured by national office buildings has nearly doubled in the last year. [Read More]( Commercial Real Estate Appraisers Have Had to Adjust Their Measures COVID-19 and especially higher interest rates have changed the appraisal game — for office buildings in particular. [Read More]( KKR Partners With Healthcare Realty Trust on $1B Venture KKR aims to contribute $600 million to a new fund supported by 12 health care properties valued at nearly $383 million. [Read More]( D.C. Office Building Handed Back to Lender in Lieu of Foreclosure A Downtown Washington, D.C., building has traded hands in lieu of foreclosure, the latest example of the ongoing office distress in the nation’s capital. [Read More]( KKR Buying $1.6B Student Housing Portfolio From Blackstone REIT The investment manager agreed to purchase a 19-property student housing portfolio from Blackstone Real Estate Income Trust for $1.64 billion. [Read More]( What We're Reading This Week   - One New York office building shows the [stress]( in the $20 trillion commercial real estate market [Bloomberg] - The office-market meltdown comes for [Trump’s]( prized Wall Street building [WSJ] - U.S. job growth [slowed]( in April [NYT]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 05/09/2024