Who's buying in this market? Richard Byrne unpacks why some investors are lining up for multi-deals in a recalibrated market and what it means for real estate. Don’t miss it! Watch the full episode here: https://lnkd.in/ebyVM755 #nocappodcast #interestrates #finance #commercialrealestate #realestateadvice

Ken Griffin is at the center of a mystery in Miami. An unknown buyer has discreetly snapped up almost half the units in Solaris, a 22-story condo tower. The buzz? All signs point to something big. Here's the scoop 👇

Advance Auto Parts (AAP), a nearly 100-year-old car parts retailer with around 5K stores, announced it will shutter over 700 locations. The company has been grappling with declining sales, rising costs, and a shifting consumer landscape.

#SPONSORED Open Door Capital scaled its operations significantly, growing investor capital under management from $50 million to $400 million in just four years. How did they do it? By leveraging the InvestNext platform to simplify operations and optimize their capital-raising process. This allowed ODC to focus on what truly drives success: building strong investor relationships and fueling sustained growth. Schedule a demo 👉 https://lnkd.in/eTMDSwz5

Floyd Mayweather Jr. has invested in 601W Companies’ $10 billion office portfolio, comprising 18 buildings and 10 million square feet. 👉👉👉 https://lnkd.in/esRFqnHa

You might think jiu-jitsu and business have nothing in common—but for Richard Byrne, they’re deeply connected. From handling major deals with the Fertitta brothers to finding himself immersed in the world of UFC, his journey connects finance and martial arts in a way you’d never expect. Watch the full episode here: https://lnkd.in/ebyVM755 #realestate #podcast #commercialrealestate #nocappodcast #ufc

CMBS office delinquencies have hit their highest levels in over a decade 👀 Moody's reports that a wave of defaults stems from high refinancing rates coupled with declining property values. Office loan refinancing rates hover at 41.5%, well below the CMBS average of 58.7%, as 10-year Treasury yields exceeded 5% during critical refinancing periods. CRE property values have declined 10.7% since mid-2022, with office and multifamily sectors experiencing sharper drops of 23% and 19%.

Multifamily cap rates rose to an average of 5.9% in 2Q24, up from 5.5% in 2Q23, signaling a recovery in investor activity. Transaction volumes rose to $16B in Q2, marking the first quarterly rise in over two years.

Manhattan rents rose to $4,295, a 2.4% YoY increase, marking the borough’s first annual rent gain since April.

Ever wondered what it was like to build a high-yield bond empire in the '80s? Starting as an equity sales trader at Merrill Lynch to becoming a major player in the high-yield bond scene—Richard Byrne takes us through the gritty early days of junk bonds and how he helped build a powerhouse in the shadows of Drexel. Get an insider look at how it all unfolded, only on the #NoCapPodcast. Watch the full episode here: https://lnkd.in/ebyVM755 #wallstreet #podcast #podcastlife #explorepage #finance #financetips #realestate #commercialrealestate