Deep discounts on commercial property deals are forcing lenders to brace for souring loans.
Lenders face the prospect of more defaults as landlords struggle to pay loans or walk away from buildings.
The $308 million mortgage on a Manhattan office tower owned by Blackstone is up for sale again.
Sellers and buyers are finally seeing more opportunities to transact.
Over the past decade, ultra-wealthy individuals and their firms have more than doubled their investments in apartments.
More buyers and sellers scrapped deals last month as mortgage rates topped 7% for the first time since November.
The disconnect over commercial real estate pricing has made transactions tougher.
Blackstone Inc. has closed on its largest global property drawdown fund, targeting opportunistic deals across sectors such as rental housing, hospitality and data centers. The company secured $30...
The global property fund targets opportunistic deals across sectors.
With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure.
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