Starwood Capital Group recently let go of a portfolio of office buildings for a mere $45 million, nearly half of what they shelled out back in 2015.
This drastic price drop signals a big shift, suggesting that there are more bargain properties out there.
Shifting our gaze to the broader U.S. office market, things aren’t looking much rosier.
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Wrapping up the rest of this week's news, we see trends that every distressed asset investor should keep tabs on.
Home sales have stalled, even with more houses on the market and in the retail sector, mall landlords are purchasing failing stores to prevent vacancies.
And don’t overlook the shifting tides towards suburban multifamily properties, where investor interest is quietly heating up
In this edition of the AltReports:
😬 Discount Disasters
🧾 Lonesome Leases
🚫 Sale Standstill
🛒 Mall Madness
📈 Suburban Surges
Video of the Week: Proof We Are Headed For Worst Case Scenario!
Chart of the Week: Distressed Industrial and Logistics Real Estate Debt in the US
Podcast of the Week: Replace Your Six-Figure Salary with Real Estate Investing?
Starwood Sells Fort Lauderdale Office Buildings At 45% Discount
Starwood Capital Group, led by the heavyweight Barry Sternlicht, just offloaded a four-office building portfolio in Fort Lauderdale for $45 million.Â
That sounds like a lot until you realize they paid nearly double that—$82 million—back in 2015.Â
The market's been lukewarm in Broward County, with shrinking rents and leasing slowing down, making this sell-off look like a strategic retreat.
U.S. Office Market Outlook Gloomy As Availability Hits New High
The U.S. office market is looking' about as hot as a snowman in July. Vacancy rates are hitting the roof, and it's like every landlord is throwing their not-so-exclusive vacancy party.
We're talking a whopping 18% availability!
Asking rents are pretending nothing's wrong, while sublease spaces continue to pile up.
March Home Sales Dropped Despite a Surge in Supply. Here's Why.
Turns out, those sadistic soaring rates seriously spook folks, thanks to our fave buzzkill, the Fed.Â
Buyers are clinging onto their wallets, holding out for more and more concessions.
And sellers? They're slashing prices like it's Black Friday.
Mall Landlords Avoid Crippling Vacancies by Buying Bad Leases at their Malls
Express has hit the skids and declared bankruptcy.Â
But fear not, their mall landlords, have swooped in to save Express from the retail graveyard by buying out the distressed brand and its 435 stores.
Landlords becoming store owners, what could go wrong?
Multifamily Trends, Pipelines And Overlooked Markets: What Should Investors Be Watching?
 The multifamily market is like a forever shapeshifting beast.
 If you're not hawk-eyed on trends, you might as well toss your investor bucks down a wishing well.Â
For example, cities are have had a sharp drop in popularity; now, it’s all about cozy suburbia and mid-tier metros – think Nashville.