When it comes to commercial real estate news like FASB, ASC and more, stay tuned to the Quarem blog for the latest and most important insights you need to know. Here is the latest in our series of CRE-related articles, what each means for the industry and how the right commercial real estate software can help you address them.
FASB issued a proposed Accounting Standards Update (ASU) on Thursday that is intended to provide investors and other allocators of capital with more “decision-useful information” in a joint venture’s separate financial statements and to reduce diversity in practice in this area of financial reporting.
The recent announcement by the Federal Reserve of another 0.75 percentage point interest rate increase continues the central bank’s grim war with inflation. Higher rates are doing damage across the economy, which has never stabilized after the Covid-19 shock. But commercial real estate, vital to cities’ economic and fiscal well-being, hasn’t taken a big hit—yet.
Real estate investors are preparing for discount deals as property funds are pressed to sell offices and warehouses after coming under increasing pressure following the UK government’s “mini” Budget last month.
Despite commercial real estate challenges that started during the pandemic, the medical office sector remains one of the most resilient and a favorite for investors, according to JLL’s Healthcare and Medical Office Perspective report.
E-commerce-related distribution centers and other warehouses are facing a squeeze from a surge in construction and softening demand, a new concern for a sector that has been the darling of commercial real estate owners for years.
The surge in remote work, and a decline in demand for office space, during the COVID-19 pandemic has apparently wiped an estimated $453 billion off commercial real-estate value. That’s not good news for investors and pension funds relying on the value of these buildings.
A new normal. That’s what the COVID-19 pandemic has brought to the commercial real estate market, especially in the office and retail sectors.
The bank says that its commercial real estate lending activity isn’t on the chopping block.
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