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Luxury Retail Booms Across the U.S. with $75B in Sales
Madison Closes $2.04B RE Debt Fund
MBA: CRE Mortgage Debt Hits $4.7T, Office Delinquencies Climb
Fed Rate Indicator Signals Potential Cuts Amid Recession Worries
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Luxury Retail Booms Across the U.S. with $75B in Sales

The luxury retail market in the U.S. reached $75 billion in 2023, driven by post-pandemic growth, though inflation is cooling demand.

THE TAKEAWAY

Madison Closes $2.04B RE Debt Fund

Madison Realty Capital just closed a $2.04B real estate debt fund (the largest in the US YTD). The fund will focus on opportunistic residential, hotels, industrial, and retail properties in…

THE TAKEAWAY

MBA: CRE Mortgage Debt Hits $4.7T, Office Delinquencies Climb

The U.S. commercial mortgage market hit $4.7 trillion in Q2 2024, with delinquencies increasing across several key investor groups.

THE TAKEAWAY

Fed Rate Indicator Signals Potential Cuts Amid Recession Worries

The gap between the Fed funds rate and the 2-year Treasury yield suggests a recession could be on the horizon.

THE TAKEAWAY

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