Retail

The impact of rising rates on borrowers has yet to catalyze a wave of distressed sales. But there are signs they are coming.

The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.

Amid a stalled private real estate marketplace, institutional investors at the PERE Network Europe Forum contemplated how now could be a good time to buy large office and retail properties.

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

The mega-manager’s sale of trophy asset Via Montenapoleone 8 marks Italy’s largest-ever single-asset transaction.

In-store shopping was never really threatened by the rapid growth of e-commerce, and now the two are working in tandem with each other.

Rents have bottomed out across many global markets, making the sector more attractive from an investment standpoint, says PGIM Real Estate’s Sebastiano Ferrante.

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.