Jamie Dimon Warns High Taxes Could Push People Out of New York — but Wall Street Isn't Leaving Yet
JPMorgan CEO Jamie Dimon warned that New York City's high corporate and individual income taxes could push employees and businesses out of the region. He highlighted a decade‑long decline in JPMorgan's NYC headcount, contrasted with rapid growth in its Texas workforce. Despite these warnings, the first quarter of 2026 showed rising demand for premium Manhattan office space, with leases up and vacancy rates down. Major banks such as Bank of America and American Express are still expanding their New York footprints, underscoring a nuanced market dynamic.
Standard Real Estate Investments Acquires Suburban Apartment Community For $61M
Standard Real Estate Investments, in partnership with Belay Investment Group, acquired the 256‑unit Martin’s Point apartment community in Lombard, Illinois for $61 million. The purchase was financed with a $43 million loan from Prudential, marking the third suburban Chicago multifamily asset for...
Industrial Rents Near JFK Eclipse $30 Per SF For First Time As New Terminals Come Online
Industrial space near JFK saw unprecedented demand in 2025, with 770,000 SF leased—a 63.4% year‑over‑year rise. Triple‑net asking rents broke the $30 per square foot barrier, the first time in the submarket’s history, while vacancy slipped to 6.4%, well under the...
Leggat McCall Lands $122M Loan For Bunker Hill Redevelopment: The Boston Deal Sheet
Leggat McCall, the Boston Housing Authority and Joseph J. Corcoran Co. secured a $122 million loan from Cottonwood Group to fund Building F of the Bunker Hill redevelopment. The nine‑story building will contain 208 market‑rate and 58 affordable apartments, part of a...
Moody's: Office Vacancy Hits 21% In Q1, Another Record High
Moody's Analytics reports U.S. office vacancy climbing to a record 21% in Q1 2026, up 10 basis points from the prior quarter and 60 bps year‑over‑year. Negative absorption totaled nearly 3 million square feet, led by Oakland‑East Bay, Austin, Chicago and San Jose. The...
Spring's Hot Housing Market Just Ran Into a Problem
Spring 2024 home‑buying kicked off strong as mortgage rates fell near 5.95%, boosting affordability and sparking the sharpest monthly price gains in over a year. By late March, 30‑year rates climbed to about 6.35%, raising the average monthly principal‑and‑interest payment...
HVS Asia Pacific Hotel Transactions Bulletin Week Ending 3 April 2026
Nomura Real Asset Investment formed a fund to buy the 515‑key Centara Grand Hotel Osaka for roughly $257 million, paying about $498 k per key. Hulic Co. sold its Yokohama Minatomirai mixed‑use asset in a deal valued at over $485 million, representing more...
Nelson, JPMorgan Take 2nd Shot at Selling LES Rental
Nelson Management and JPMorgan are marketing the 19‑story, 256‑unit Two Bridges building at 275 South Street for over $180 million, leveraging a 30‑year Article XI tax abatement that caps property taxes at 5 percent of income through 2055. The asset, purchased for $115 million...
Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C1 Commercial Mortgage Trust
Morningstar DBRS confirmed the credit ratings for all classes of the CSAIL 2015‑C1 Commercial Mortgage Trust, assigning AA (low) to Class B and X‑B, A (low) to Class C, CCC to Classes D and X‑D, and C to Classes E,...
REIT Sells Alexandria Hilton To Prior Owner For Half Of 2018 Price
Ashford Hospitality Trust sold the 252‑room Hilton Alexandria Old Town to Lodging Capital Partners for $58 million, roughly half the $111 million it paid in 2018. The transaction included repayment of a $32.5 million loan and generated a non‑recurring loss, with the REIT...
AI Impact on Office Markets Won’t Be as Bad as Many Think, Newmark Says
Newmark’s latest report tempers fears that artificial intelligence will devastate office markets, arguing that the impact will be uneven. High‑quality, collaboration‑focused spaces are expected to stay resilient, while lower‑grade, commodity offices may see modest vacancy increases. The firm projects office‑using...
Increasing Non-Qualified Mortgage Delinquencies Remain Within Bounds
Fitch Ratings’ February remittance data shows non‑qualified mortgage (NQM) delinquencies climbing year‑over‑year, driven largely by the 2023 vintage. The broader NQM sector’s 30‑plus delinquency rate rose to 7.26% (up 118 basis points) and 90‑plus to 3.61% (up 81 basis points),...
Landingplace Hotels Launches Strategic Ownership Platform
Landingplace Hotels has created Landingplace Holdings, a strategic ownership platform that will acquire and convert existing hotels into its Landingplace Suites and Landingplace Select brands. The initiative is backed by a corporate bond program, assigned an ISIN and listed on...
Ask an Advisor: Can I Invest in a Real Estate Project Within My Roth IRA? Will the Future Growth and...
A self‑directed Roth IRA can be used to fund a commercial real‑estate build, but only if the property title is transferred to the IRA. The investor must avoid any prohibited transactions with disqualified persons, meaning they cannot lend to themselves,...
Spain’s Housing Crisis Pushes PropTech and Fractional Investing Into the Spotlight
Spain’s residential property prices surged 14.3% in March, edging close to all‑time peaks and intensifying an affordability crunch. The rapid price escalation has spotlighted proptech firms offering data‑driven valuation tools and streamlined transactions. Simultaneously, fractional‑ownership platforms are gaining traction as...
Zohran Mamdani and the Business Exodus? New York's Office Real Estate Market Is up Under New Mayor
New York City’s office market proved resilient in Q1 2026, with leasing volume reaching 8.5 million sq ft, vacancy slipping to 13.5% and rents climbing 3.5% year‑over‑year. The surge is fueled by a wave of AI‑focused firms locking in premium space, including a...
New Owner of Shopping Plaza in Kansas City Pitches a $1.5 Billion Rescue Plan
Country Club Plaza, the nation’s first outdoor shopping center, is confronting high vacancy and aging infrastructure. A new ownership group that includes descendants of oil magnate H.L. Hunt unveiled a $1.5 billion redevelopment plan. The proposal calls for 750 new apartments,...
From Ruins to Opportunity: Why Foreigners Are Buying Japan’s Abandoned Houses
Foreign buyers from the U.S., Canada and Australia are snapping up Japan’s abandoned "akiya" homes as domestic housing costs soar. AkiyaMart, a platform founded by two early adopters, now serves over 60,000 users and has facilitated more than 150...
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Using a Home Equity Loan to Buy a Second Home—Is It Right for You?
Homeowners can tap the equity in their primary residence to fund a second‑home purchase through a lump‑sum home equity loan, provided their lender permits it. Such loans typically allow borrowing up to about 80% of the home’s value and carry...
Mortgage and Refinance Interest Rates Today, April 4, 2026: Down a Quarter Point Since Last Weekend
Mortgage rates have fallen for five consecutive days, with the national 30‑year fixed rate dropping to 6.22%, a quarter‑point decline since last weekend. The 15‑year fixed rate also eased to 5.72%, while refinance rates remain higher, averaging 6.43% for a...
AFIRE’s Gunnar Branson: U.S. CRE Continues to Be Seen as Safest Investment (VIDEO)
Gunnar Branson, CEO of Afire, told Connect CRE’s new podcast that U.S. commercial real estate (CRE) remains the safest global investment despite rising geopolitical tensions. European investors, while frustrated by recent tariffs, continue to allocate capital to the United States....
KPMG’s Sarah Kindzerske on Navigating Joint Venture Complexity in REIT Transactions
At Nareit’s REITwise 2026 conference, KPMG’s Sarah Kindzerske highlighted a shift in REIT dealmaking from large public‑to‑public mergers toward increasingly complex joint ventures and one‑off strategic transactions. These structures involve multiple partners, layered financing, and intricate contractual terms, raising challenges...
Inventory Is Up, Prices Are Down—So Why Are Home Sales Muted?
U.S. home sales remain muted despite a sharp rise in inventory and a 2.2% drop in median prices, now at $415,450, the lowest since 2022. Mortgage rates have jumped to 6.46%, the highest in seven months, adding roughly $117 to...
Greater Palm Beach Area Home Sales Climb as Tight Supply Fuels Prices
February 2026 saw Palm Beach County home sales rise 9% year‑over‑year to 1,847 transactions, driven by strong demand in both single‑family and condo segments. The median price for single‑family homes climbed 4.3% to $675,000, while condo values dipped 0.6% to...
Proper Hospitality, Realberry Close $298M Financing for Cal Neva Redevelopment
Proper Hospitality and Realberry have secured a $298 million financing package to redevelop the historic Cal Neva Hotel into the Lake Tahoe Proper Resort and Casino, slated to open in 2027. The capital stack includes a $223 million C‑PACE loan from Nuveen...
Aloft Hotel Las Colinas Changes Hands
Hunter Advisors has brokered the sale of the 136‑room Aloft Hotel Las Colinas in Texas. Built in 2008, the property was part of a four‑hotel Aloft portfolio but was sold separately because its strong in‑place cash flow appealed to yield‑focused...
NYSE’s Ron Bohlert on Early 2026 REIT Market Trends, Texas Expansion
Ron Bohlert, NYSE real‑estate director, warned that early 2026 REIT momentum is fading after a late‑2025 AI‑driven rally. Investors are re‑evaluating growth amid heavy capital spending, pressuring tech stocks while boosting defensive REITs. Geopolitical tensions and rising oil prices have...
Despite Sluggish Start, Manhattan Office Leasing Rallies to Strong Quarter
Manhattan office leasing rebounded in Q1 2026, reaching 11.8 million square feet—a 3.4% year‑over‑year gain and the strongest first quarter since 2014. Average asking rent rose to $77.55 per square foot, up 2% quarter‑over‑quarter and 4% year‑over‑year. The surge was anchored...
Rocket Leads UWM in 2025 HMDA Loan Count, Trails in Volume
Rocket Mortgage edged United Wholesale Mortgage in loan count for 2025, originating 429,332 loans (6.33% market share) versus UWM’s 422,120 (6.25%). However, UWM kept a clear lead in dollar volume, with $164.32 billion compared with Rocket’s $116.16 billion. The split reflects differing...
Why Land Prices Hold Steady Despite Low Crop Prices
Recent reports show Midwest farmland values holding steady or modestly rising despite declining crop prices. The Iowa Realtors Land Institute recorded a 1.3% increase in average land values as of March 1, with gains in all nine reporting districts. Analysts attribute...
Piecemeal over Portfolios: Selective Industrial Buys and Exits Show a Sharpshooting Template Ahead
In the latest PERE Podcast, EQT detailed its recent pattern of industrial property sales and acquisitions, highlighting a shift from large‑scale portfolio transactions to targeted, asset‑by‑asset deals. The firm is prioritising bespoke industrial assets that align with evolving logistics demand...
CRE Trends Amid Demographic Shifts and Geopolitical Tensions
Cushman & Wakefield’s latest Market Matters report links slowing U.S. population growth and modest job losses to softer demand for multifamily and office space, while noting that recent CRE transaction volume and debt liquidity remain resilient. Energy price volatility from...
Self-Storage: Resilient Sector Recovers From ’20-’21 Oversupply
The self‑storage sector remains resilient despite a sluggish housing market, maintaining national occupancy near 93% and modest rent growth of 2‑4% annually. New construction has sharply declined, falling to 59 million square feet in 2025 from a 2020 peak of 79.2 million,...
Oil Price Increases Vs. Cap Rates
CBRE notes that the recent jump in Brent crude from about $70 to $115 per barrel has a modest direct effect on commercial real‑estate cap rates, but indirect pressures are mounting. Higher energy costs threaten tenant margins and could dampen...
Snow Country: How Niseko Became Japan's Ski and Property Boomtown
Over the past three decades, Niseko in western Hokkaido has transformed from a quiet ski village into Japan’s premier luxury ski and property boomtown. A wave of domestic and foreign capital has driven the construction of high‑end resorts and villas,...
Wyoming Woos Google, Microsoft, and Meta To Build More AI Data Centers in the State
Wyoming is courting the AI data‑center boom by hosting a closed‑door Data x Power summit that brought together Google, Microsoft, Meta, Amazon and energy firms. The state already operates 21 data centers and is promoting its abundant, low‑cost electricity, tax‑free environment and...
Congress Pitches Expanding Farm Credit System To Help Rural Homebuyers
A bipartisan Senate bill (S.4182) would amend the 1971 Farm Credit Act to broaden the definition of rural areas from towns under 2,500 residents to those under 10,000. The change would make an additional 29.9 million homebuyers eligible for flexible Farm...
NAI Hiffman's Adam Johnson: Office Is Recovering, Adjusting To New Reality
Office sales surged 35% nationwide in 2025, and leasing activity rose over 5% YoY, driving vacancy rates down to 18.4%. In Chicago, large‑scale transactions like the $55 M 190 South LaSalle sale highlight a headline‑grabbing rebound, yet Adam Johnson of NAI Hiffman warns the...
Shvo Gets $34M In $691M Transamerica Pyramid Sale
Michael Shvo’s consortium sold San Francisco’s iconic Transamerica Pyramid to Cyprus‑based Yoda PLC for $691 million, earning Shvo a $34 million commission. The owners, who invested nearly $1 billion—including a $650 million 2020 purchase and extensive renovations—realized a loss on the transaction. Yoda PLC...
Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The average 30‑year fixed mortgage rate rose to 6.46% on Thursday, according to Freddie Mac, marking a five‑week streak of increases and the highest level since early September. The climb follows a dip below 6% earlier in the year, which was...
Walton Global Courts Investors For U.S. Fund As Money Starts Shifting Away From Gulf
Walton Global has launched the U.S. Land Income & Growth Fund, a Shariah‑compliant vehicle aimed at offshore investors, especially in Asia and the Middle East. The fund seeks to acquire undeveloped, pre‑entitled land in high‑growth U.S. markets such as Dallas‑Fort Worth,...
UK Build-to-Rent Sector Records Strongest Start Since 2022
The UK build‑to‑rent (BTR) market posted its strongest first‑quarter performance since 2022, with Savills reporting roughly £1.2 billion (about $1.55 billion) in transaction volume. Investor appetite surged, driving a 30% year‑over‑year increase in deals and pushing average yields to 5.5% on fully‑let...
March HECM Bump Masks a Deeper Slowdown
Home Equity Conversion Mortgage (HECM) endorsements rose 16.3% in March, reaching 2,117 loans, but the overall volume remains the weakest since the summer of 2024. Year‑over‑year figures slipped 0.5%, indicating a modest decline from the same month last year. Growth...
Oil Shock Keeps Mortgage Rates High and Cools Home Price Outlook
Veros Real Estate Solutions projects only a modest 1.3% national home‑price appreciation over the next year as oil price spikes and lingering inflation keep mortgage rates elevated. After briefly dipping below 6% in February, the average 30‑year fixed rate climbed...
The Small Retailer’s Guide to Construction: 5 Steps to Your First Store Renovation
Retailers are pivoting from aggressive expansion to footprint optimization, earmarking roughly $7.6 billion for store expansions and refurbishments in 2025. The guide outlines five steps for small retailers to execute a first‑store renovation, from strategic planning and zoning compliance to selecting...
JP Morgan's Pool of Hybrid Mortgages Backs $349.2 Million in RMBS
JP Morgan has launched a $349.2 million residential mortgage‑backed security (RMBS) backed by a pool of 244 hybrid adjustable‑rate mortgages. The JP Morgan Mortgage Trust 2026‑HYB1 uses a modified sequential repayment waterfall, diverging from the conventional senior‑subordinate, shifting‑interest structure. The securities are...
Smaller “Shallow-Bay” Warehouse Space Sees Rising Demand
Demand for shallow‑bay industrial space—buildings under 50,000 square feet with 14‑28 foot clear heights—is accelerating as service‑oriented users and last‑mile distributors seek smaller formats. Vacancy rates for these properties fell 2.5 percentage points below the overall industrial average by early...
Loans in Focus: Cheyne Issues €288.6m in Paris; London’s Olympia Receives £925m Refinancing; CTP Secures Loan for Vietnamese Expansion
Cheyne Capital has extended a €288.6 million loan to fund a value‑add reposition of a Parisian property, while Deutsche Bank refinanced London’s Olympia tower with a £925 million (≈€1.1 billion) secured loan. SMBC led an Asian lender consortium to provide CTP, a logistics...
Smaller “Shallow-Bay” Warehouse Space Sees Rising Demand
Demand for shallow‑bay industrial space—buildings under 50,000 sq ft with 14‑28 ft clear heights—is accelerating as service‑oriented and last‑mile users seek smaller formats. Vacancy rates for these properties have fallen below the broader industrial average, creating a tight market where rents have risen...
Manhattan Housing Slump Deepens in Q1, Luxury Demand Stands Out
Manhattan’s residential market showed resilience in Q1 2026 despite harsh winter storms, weaker sentiment and a sharp contraction in new listings. Total sales slipped 3.2% year‑over‑year to 2,279 units, while signed contracts fell 6.7%. Inventory declined 5.4% and new listings...