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Top related persons:
— - 2 Richard Barkham - 2 Barkham - 1 RentCafe - 1 John Vavas - 1 Yardi - 1 Vavas - 1 Uma Moriarity - 1
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Service - 2 Federal - 1 Silverstein Properties - 1 Washington DC - 1 Federal Reserve - 1 Business - 1 CenterSquare Investment Management - 1 Green - 1

Search resuls for: "Barkham"


2 mentions found


☆ America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
  + stars: | 2024-10-12 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +7 min
Advertisement"The banks are going to have to dispose of that real estate," Barkham told Business Insider in an interview. John Vavas, a real estate finance attorney at Polsinelli who works with commercial real estate lenders, has worked on a handful of office-to-residential conversion deals this year. There's around 1.2 billion square feet worth of office space that could be spun into residential space, Yardi said in a separate report. Late payments on commercial real estate loans have climbed to 1.42% in the second quarter, the highest rate in nearly 10 years. Commercial real estate prices, meanwhile, dropped another 9% year-over-year in the first quarter, Fed data shows.
Persons: —, Richard Barkham, Barkham, RentCafe, John Vavas, Yardi, Vavas Organizations: Service, Federal, Silverstein Properties, Washington DC Locations: New York, United States, New York City, Dallas, Chicago, Los Angeles
☆ Commercial property has been in a slump. How lower interest rates could lift it out.
  + stars: | 2024-09-17 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +8 min
Read previewUma Moriarity, a senior investment strategist at a real estate investment firm based outside of Philadelphia, is feeling better about deal-making in commercial real estate. A reduction in the Fed's benchmark rate would bring relief to the $22.5 trillion US commercial real estate market, which was shaken by a series of interest rate increases beginning in March 2022. AdvertisementThe increases diminished commercial property values, raised mortgage defaults, and triggered the sector's worst downturn since the financial crisis more than 15 years ago. "We're looking at a very good 2025 and beyond," Mark Rose, the CEO of the real estate services firm Avison Young, said. "Commercial property prices have increased over the past few months as bond yields have declined," Peter Rothemund, the co-head of strategic research at Green Street, said in the firm's recent property pricing report.
Persons: —, Uma Moriarity, Moriarty, Mark Rose, Avison Young, Richard Barkham, We've, Fitch, CMBS, Peter Rothemund, Alan Todd, Todd, CLO Organizations: Service, Federal Reserve, Business, CenterSquare Investment Management, Green, Mortgage, Association, Bank of America, Bank of America Securities Locations: Philadelphia, Trepp
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