European Partnership to Target Secondary Real Estate NPL Trades
European investors have launched a new partnership centered on secondary market real‑estate non‑performing loans (NPLs). Luxembourg‑based APS Holding will lead the effort, targeting the residual slices of larger NPL portfolios that original buyers have left behind. The collaboration seeks to capitalize on fragmented assets across the EU, offering banks a faster exit route while delivering higher yields to investors. By focusing on these leftover positions, the group aims to improve market liquidity and generate scalable returns.
Patrick Southern of Serhant: 5 Questions
Patrick Southern, a two‑decade Jersey City real‑estate veteran, joined Serhant in 2025 after a career spanning mom‑and‑pop firms, an Australian‑backed brokerage, and Coldwell Banker. He closed 376 contracts last year—roughly one deal per day—by leveraging disciplined lead generation and a...
Behind Blackstone’s Newfound Commitment to Finance Home Construction
Blackstone Real Estate Debt Strategies announced a homebuilder lending platform that will finance the construction of more than 50,000 for‑sale single‑family homes each year, tapping its $78 billion real‑estate debt platform and partner Brio Homebuilder Solutions. The initiative seeks to narrow...
Qualitas Makes the Structural Case for Australian Real Estate Private Credit
Qualitas argues that a confluence of demographic momentum, banks pulling back, and chronic housing undersupply creates a durable niche for private credit in Australian commercial real estate. The firm highlights that the country’s population is set to add over a...
House Prices Will Fall by Two per Cent This Year – the Most Since the Financial Crisis
Savills forecasts UK house prices to decline by 2% in 2026, the first nominal drop of that magnitude since the 2008 financial crisis. The downturn is driven by sharply higher mortgage rates after the Iran war, with two‑year fixed rates...
Existing Home Prices Outpace New Homes for 4th Straight Quarter
For the fourth consecutive quarter, existing‑home prices have eclipsed new‑home prices, with the median existing home about $1,400 higher than the $403,200 median for a new home in early 2026. New‑home values slipped 4.7% over the past year, while existing‑home...
Sterling Bay Partnership Secures $290M Financing for Sorrento Mesa’s Pacific Center
Sterling Bay and Newmark have closed a $290 million refinancing of Pacific Center, a newly built 525,000‑square‑foot Class A life‑science campus in San Diego’s Sorrento Mesa. The deal includes $162.5 million of future funding earmarked for leasing incentives and carry reserves. Financing was...
REMIC Share Grows at Ginnie Mae, Fannie Mae and Freddie Mac
Global demand is driving a sharp rise in agency REMIC issuance, with Ginnie Mae, Freddie Mac and Fannie Mae collectively issuing more than $57 billion in March—well above the typical sub‑$50 billion monthly average. Ginnie Mae alone accounted for $80 billion, representing 40%...
Higher Rates Chill U.S. Mortgage Demand in May
U.S. mortgage applications dropped 8.5% in the week ending May 22 as the average 30‑year fixed rate climbed to 6.65%, the highest level since August 2025. Refinancing activity slumped 18% and fell to 37.5% of total applications, the lowest share...
Landlords Gain Leverage in Logistics Rentals
Cushman & Wakefield’s Waypoint 2026 report finds global logistics real‑estate is shifting toward landlord power as vacancy tightens and construction costs rise. Tenant‑favorable markets are projected to drop from 52 % in 2026 to 33 % by 2029, while landlord‑favorable conditions rise...
Prominent Landlord Sandy Sigal On the Lasting Premium in Retail
Sandy Sigal, founder of NewMark Merrill, oversees more than 110 shopping centers valued at over $3 billion across California, Colorado and Illinois. He says capital is flooding into retail properties while new construction remains scarce, driving rent growth and pushing foot...
New Residential Raises $438.8 Million in Its Latest MBS
Rithm Capital has launched the 2026‑NQM7 series of the New Residential Mortgage Loan Trust, raising $438.8 million by securitizing a $890 million pool of primarily fixed‑rate residential mortgages. The bonds are structured into Class A, M and B notes with distinct first‑cash‑flow (FCF)...
IRES REIT: New Rent Rules Boosting Dublin Residential Investment
Irish Residential Properties REIT (IRES REIT) reported that Ireland’s new rent‑regulation reforms are already boosting activity, with Q1 occupancy and rent‑collection rates staying above 99%. Net rental income margin held steady at 78% while the REIT completed a €31.75 million (~$34.6 million)...
RAW Design Pivots to Smaller Density Builds as Ontario’s Highrise Condo Market Stalls
RAW Design Inc., a Toronto‑based architecture firm, is shifting its focus from high‑rise condo projects to smaller‑scale, mid‑rise developments as Ontario’s condo market stalls. The firm is targeting affordable rental housing in secondary markets such as Peterborough, Brockville, Whitby, Hamilton...
Zillow Predicts Major Mortgage Rate, Housing Market Change
Zillow has revised its 2026 housing outlook, cutting home‑value growth to a modest 0.1% and projecting a 1.2% rise in existing home sales. Mortgage rates have eased slightly to around 6.5% but remain high amid ongoing geopolitical tension and rising...