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NOVEMBER 23, 2022
Editor's Note
Holiday Publication Schedule
Please note there will be no issues of WMRE Daily on Thursday or Friday in observance of Thanksgiving. We will resume our regular publication schedule on Monday, Nov. 28.
Investors in the sector have been more reluctant to close deals as the cost of capital rises. But given a strong outlook for income growth, many acquisitions are still going through.
Mortgage-backed securities usually get hit particularly hard by unexpected changes in interest rates. That sensitivity is known as negative convexity, but it’s all but disappeared for now, because home loan rates have surged and most homeowners are far from being able to refinance and prepay their loans.
Space on Upper Fifth Avenue, between 49th and 60th streets, garners some of the highest average rents, according to a report by Cushman & Wakefield Plc. The area’s resilience during the pandemic downturn, coupled with the strength of the US dollar, helped the corridor bounce to the top of a list of shopping districts across the world.
U.S. apartment renters are having a harder time making rent, reports GlobeSt.com. D Magazine profiles commercial real estate veteran Diane Butler. These are among today’s must reads from around the commercial real estate industry.
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