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Lending Momentum Jumps 45% YoY Despite Spring Slowdown
CRE Prices Frozen as Market Awaits Rate Relief
NYC Greenlights Largest Rezoning Effort in Two Decades
Vornado Considers Offloading Iconic Assets to Double Down on NYC Core
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Lending Momentum Jumps 45% YoY Despite Spring Slowdown

Debt funds, banks, and CMBS lenders fueled a 45% jump in lending momentum, offering borrowers more favorable terms and higher leverage.

THE TAKEAWAY

CRE Prices Frozen as Market Awaits Rate Relief

The U.S. commercial property market remains locked in a stalemate, with limited sales keeping values from moving meaningfully in either direction.

THE TAKEAWAY

NYC Greenlights Largest Rezoning Effort in Two Decades

NYC just approved its biggest residential rezoning in 20 years—nearly 10,000 new homes are coming to Midtown South.

THE TAKEAWAY

Vornado Considers Offloading Iconic Assets to Double Down on NYC Core

A shift in strategy could bring two iconic assets to market, as the REIT leans further into NYC.

THE TAKEAWAY

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