Saturday Aug 03, 2024
Looming Debt Maturities in Commercial Real Estate, Deutsche Bank Offloads $1B in Loans
Commercial real estate faces challenges as $1.8 trillion in loans are set to mature. Deutsche Bank reduces exposure by offloading $1 billion in U.S. commercial property loans. Plus, a retail center on Route 17 sells for nearly $37 million, and commercial property transactions in Japan dive 25% in Q2.
Sources:
https://urbanland.uli.org/capital-markets-and-finance/august-24-economist-snapshot
https://finance.yahoo.com/news/deutsche-bank-db-offload-1b-151100960.html
https://www.northjersey.com/story/news/business/2024/08/02/paramus-nj-retail-center-route-17-sold/74629702007/
https://www.worldpropertyjournal.com/real-estate-news/japan/tokyo-real-estate-news/japan-real-estate-news-japan-commercial-property-sales-data-for-2024-cbre-japan-cap-rate-survey-2024-tokyo-commercial-real-estate-sales-data-for-2024--14193.php
Outline:
(00:00:00) Introduction
(00:00:43) August '24 Economist Snapshot: Commercial Real Estate’s Looming Debt Maturities
(00:01:09) Deutsche Bank (DB) to Offload $1B US Commercial Property Loans
(00:04:21) Paramus retail center on Route 17 sells for nearly $37M
(00:06:38) Commercial Property Transactions in Japan Dive 25 Percent Annually in Q2