Berkadia Surpasses $3B in HUD Production To-Date in 2020

The firm’s HUD-specialized team has completed more than 169 deals this year, and is on track to have its strongest year yet.

       

source https://feeds.feedblitz.com/~/640400750/0/globest/new-york~Berkadia-Surpasses-B-in-HUD-Production-ToDate-in/

Madison Taps Urban Edge’s Kupperman to Head its NYC Retail Portfolio

Kupperman will oversee more than 2 million square feet of transit and tourist-based retail space in New York City and the Tri-State region.

       

source https://feeds.feedblitz.com/~/640388788/0/globest/new-york~Madison-Taps-Urban-Edge%e2%80%99s-Kupperman-to-Head-its-NYC-Retail-Portfolio/

Companies Plan to Link ESG Goals to Executive Pay

A survey from Willis Towers Watson found that CRE companies are increasingly incorporating ESG goals into executive incentive plans.

       

source https://feeds.feedblitz.com/~/640332182/0/globest/new-york~Companies-Plan-to-Link-ESG-Goals-to-Executive-Pay/

Student Housing Vacancy Grows As Rents Rise

Student housing vacancy has surged by nearly 2% as operators await university plans for spring semester.

       

source https://feeds.feedblitz.com/~/640331706/0/globest/new-york~Student-Housing-Vacancy-Grows-As-Rents-Rise/

Cushman & Wakefield Hires Chief Diversity, Equity & Inclusion Officer

With more than 20 years of financial services experience, Nadine Augusta will aim to further develop the company’s global diversity, equity and inclusion strategy.

       

source https://feeds.feedblitz.com/~/640297202/0/globest/new-york~Cushman-Wakefield-Hires-Chief-Diversity-Equity-Inclusion-Officer/

Blackstone Buys Lab Office Portfolio from Brookfield for $3.45B

The 2.3 million square foot portfolio is largely located in East Cambridge, Mass.

       

source https://feeds.feedblitz.com/~/640287928/0/globest/new-york~Blackstone-Buys-Lab-Office-Portfolio-from-Brookfield-for-B/

KKR's Latest Industrial Purchase Is For $835M

The purchase grew the firm’s holdings by nearly one-third, giving KKR a total of 30 million square feet in industrial assets.

       

source https://feeds.feedblitz.com/~/640283652/0/globest/new-york~KKRs-Latest-Industrial-Purchase-Is-For-M/

NYC Retail CMBS Loans Delinquencies Reach an All-Time High

Delinquency rates for retail CMBS loans in Manhattan are up to an all-time high of 16.78%, and special servicing rates are at 17.55%.

       

source https://feeds.feedblitz.com/~/640110050/0/globest/new-york~NYC-Retail-CMBS-Loans-Delinquencies-Reach-an-AllTime-High/