Office Multi Distress

August 8, 2024

More than $40 billion of office loans were in distress at the end of the second quarter, which is around three times the value of distressed apartment loans. But the pool of apartment mortgages that could get into difficulty in the future is larger—$56.9 billion are at risk of distress, compared with $50.9 billion for offices.

Department Stores

August 7, 2024

Major department stores now occupy less than half of all anchor spaces at enclosed shopping malls, with roughly 500 vacant department-store spaces nationwide.

Retirement Cash

August 6, 2024

People who leave cash uninvested in retirement accounts lose out on more than $172 billion a year in retirement wealth as a result.

US Indexes

August 5, 2024

A stock-market selloff intensified around the world, sending U.S. indexes sliding and volatility spiking to its highest levels since the Covid-19 pandemic.

Housing Concern

August 2, 2024

A July poll showed that voters rank housing as their second biggest concern when it comes to high prices—behind only groceries. That is a shift from a November 2021 poll, which found that housing was ranked below the cost of groceries, gas and utility bills.

Food Inflation

August 1, 2024

Americans in the past two years spent more of their income on food than they have in three decades.

Fed Projections

July 31, 2024

Fed officials’ quarterly economic projections have penciled in an interest-rate outlook suggesting that, once they make their first move, they could cut rates by a quarter percentage point roughly once every quarter.

Office and Multi

July 30, 2024

Office is by far the most troubled property class. In the second quarter, the volume of office property seized in foreclosures and other actions was up about $5 billion from the second quarter of 2023. Apartment buildings, which have been hit hard by the increase in interest rates and the crush of new supply, had a $975 million increase during the same period.

CRE Foreclosures

July 29, 2024

In the second quarter, portfolios of foreclosed and seized office buildings, apartments and other commercial property reached $20.5 billion. That is a 13% increase from the first quarter and the highest quarterly figure since 2015.

Hotel Fitness

July 26, 2024

More hotels are introducing specialty ‘wellness’ accommodations that bring the gym into the guest room.