Latest Stories

Distress Rates Are High in These Markets
Distressed commercial real estate loans remain concentrated in major urban markets, with New York City, Chicago, and Los Angeles leading in volume. However, the cities with the highest percentage of distress relative to their total loan volume are San Francisco, Milwaukee, and Minneapolis. Office assets account for 65% of distressed loan volume, highlighting ongoing struggles in that sector despite resilience in multifamily and industrial. (Read More)

Home Values Hit New Highs While Distress Remains Low, Says NAR’s Lawrence Yun
Lawrence Yun, Chief Economist at the National Association of Realtors, reports that home values are at record highs, with market distress nearing record lows. He attributes this to low housing inventory, high construction costs, and solid demand. However, affordability challenges remain due to elevated mortgage rates. Despite that, foreclosures and delinquencies remain minimal, signaling a fundamentally strong residential market. (Read More)

Contractors Brace For Higher Costs As Deportation Fears Fester On Work Sites
Immigration crackdowns are causing fear and labor shortages on U.S. construction sites. As deportation efforts increase, undocumented workers—who comprise a significant portion of the construction workforce—are leaving job sites or avoiding work altogether. This disruption is contributing to project delays, cost overruns, and growing concerns from developers and general contractors about meeting deadlines. (Read More)
 

Key Terms and Concepts:

• Distress Rate – The percentage of commercial real estate loans that are delinquent, in default, or in special servicing, often signaling trouble in specific markets or asset types.
• Home Value Trends – The direction of housing prices based on supply, demand, and broader economic conditions, often used as a measure of market health.
• Construction Labor Shortage – A growing challenge in the real estate development industry, where labor availability is disrupted by immigration enforcement, leading to delays and higher costs.

Local Deal of The Week

Bridge Investment Group Acquires Retail Property At 185 Commercial Street In Malden For $175M

The property involved in this transaction is a retail asset located at 185 Commercial Street, within the Malden market. The transaction was completed at a price of $175,000,000. (Read More)

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $175,000,000.00
• Buyer: Bridge Investment Group
• Seller: NorthBridge Partners
• Transaction Date: 03/14/2025

This deal was facilitated between the buyer, Bridge Investment Group, and the seller, NorthBridge Partners. The transaction represents a significant activity in the Malden market, reflecting the interests of both parties in the retail sector.

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