CRE Market Faces Rate Hikes, Strategic Moves in Real Estate

Explore the challenges and resilience in the commercial real estate market as $950 billion in CRE mortgages face higher rates in 2024. Discover strategic asset transactions by Excellence Commercial Property in Hong Kong, Savanna's acquisition of a Manhattan office asset, and Brandywine's sale of Austin office buildings. Gain insights into market dynamics, investment strategies, and urban development trends shaping the future of real estate.

Sources:
https://www.stocktitan.net/news/SPGI/s-p-global-market-intelligence-report-finds-commercial-real-estate-yxhuk63edvdy.html
https://www.tipranks.com/news/company-announcements/excellence-commercial-property-announces-strategic-asset-transactions
https://www.commercialsearch.com/news/savanna-pays-255m-for-manhattan-office-asset/
https://www.bizjournals.com/philadelphia/news/2024/11/20/brandywine-austin-office-sale.html

Outline:
(00:00:00) Introduction
(00:00:46) S&P Report: $950B CRE Mortgages Face Higher Rates in 2024 Amid Market Pressure
(00:04:03) Excellence Commercial Property Announces Strategic Asset Transactions
(00:07:00) Savanna Pays $255M for Manhattan Office Asset
(00:10:32) Brandywine sells two Austin office buildings for $108M