Commercial Real Estate & Business News – February 9, 2023

Rents may be falling but fundamentally multifamily fundamentals are very strong. Widespread distress is highly unlikely to happen; indeed forecasts for the asset class’ long-term growth are quite rosy. But for investors eager to get a cost-effective…»

State Farm Insurance, one of the largest Fortune 500 companies with employment hubs throughout the country, is considering subleasing some of its unused real estate, the latest corporate giant to weigh what to do with excess space…»

While there is plenty of debt capital available waiting to deploy, fewer borrowers are willing to transact unless they must and there is an increase in activity from private capital, and regional and local banks from those who do, according to a new report…»

Investors pumped $9.68 billion into qualified opportunity zone funds in 2022, bringing the total raised for investing in 8,746 areas federally designated as economically distressed to $34.09 billion since the opportunity zone program launched…»

2022 was a complex year for commercial real estate, as rising interest rates created an air of uncertainty in the market, resulting in a deceleration of transaction activity. Despite these headwinds, multifamily fundamentals ended last year on…»