PGIM Real Estate Expands US Value-Add Portfolio Team

Ola Hixon has been appointed to the newly-created position of executive director and assistant portfolio manager for the team.

       

source https://feeds.feedblitz.com/~/643266848/0/globest/new-york~PGIM-Real-Estate-Expands-US-ValueAdd-Portfolio-Team/

J.P. Morgan Chase Expands Agency and Off Balance Sheet Lending

J.P. Morgan Chase has appointed industry veteran, Vincent Toye as managing director, in effort to grow the firm’s business.

       

source https://feeds.feedblitz.com/~/643258058/0/globest/new-york~JP-Morgan-Chase-Expands-Agency-and-Off-Balance-Sheet-Lending/

Nominate Now for Influencers in Retail Real Estate

GlobeSt. Real Estate Forum is seeking impactful and accomplished retail professionals to highlight within its May 2021 issue. Submit your nominations before February 12!

       

source https://feeds.feedblitz.com/~/643241014/0/globest/new-york~Nominate-Now-for-Influencers-in-Retail-Real-Estate/

NYC Brokers Recover Their Confidence as Market Bottoms

Still, confidence remained below 2019 levels.

       

source https://feeds.feedblitz.com/~/643010882/0/globest/new-york~NYC-Brokers-Recover-Their-Confidence-as-Market-Bottoms/

Retail and Hotels Stall CMBS Recovery

In December, the retail CMBS delinquency rate stood at 12.78% and hotels had a 19.87% delinquency rate.

       

source https://feeds.feedblitz.com/~/643005312/0/globest/new-york~Retail-and-Hotels-Stall-CMBS-Recovery/

Another Day, Another Lease for SL Green

The REIT has signed two new leases at One Vanderbilt Ave. totalling 43,000 square feet.

       

source https://feeds.feedblitz.com/~/642925738/0/globest/new-york~Another-Day-Another-Lease-for-SL-Green/

Gateway Markets Should Start to Recover Apartment Losses This Year

Apartment vacancy increased significantly in gateway markets like New York and San Francisco in 2020, but they will see some relief this year.

       

source https://feeds.feedblitz.com/~/642870064/0/globest/new-york~Gateway-Markets-Should-Start-to-Recover-Apartment-Losses-This-Year/

Investcorp Acquires $330M Multifamily Portfolio

The portfolio comprises five class B, residential properties, which are 96% occupied and located throughout three suburban markets.

       

source https://feeds.feedblitz.com/~/642859254/0/globest/new-york~Investcorp-Acquires-M-Multifamily-Portfolio/