The job losses experienced in the financial services sector in New York City through the summer of 2008 have been relatively moderate, but considering that the current downturn is similar to the one in the late 1980s, more deterioration may be yet to come.
With all sorts of distressed debt investing opportunities now available after the excesses of the last few years, buyers and sellers are treading cautiously and looking for some kind of validation for pricing.
Property & Portfolio Research, a Boston-based commercial real estate research firm, has released estimates of what the impact might be on the New York office market as a result of recent cataclysmic financial events, including the bankruptcy of Lehman Brothers.
As banks continue to curtail the availability of financing, a slowdown in commercial real estate construction spending appears inevitable. After gaining an average of 2% per month for the first seven months of the year, total spending in nonresidential construction was up a mere 0.2% in July, according to a Census Bureau report. And according to the August figures released by the government, nonresidential construction spending contracted 0.1% in August, compared to July.
Drawing on the views of more than 100 investors Preqin Investor Outlook: Real Estate, H2 2015, provides a unique and in-depth look at the appetite, plans, expectations and concerns of institutional investors active in the real estate asset class....More
The stars appear to be lining up in favor of a bull run in the seniors housing sector. Exclusive results from a study conducted jointly by NREI and the National Investment Center for the Seniors Housing & Care Industry (NIC) shows that respondents are optimistic on their outlook for the sector....More