Welcome back! In today’s commercial real estate news – we’ll look at the softening demand for commercial real estate, Monogram Residential REIT going private for $3 billion, and big-box distribution space at record-high volume in Houston.
Commercial Real Estate Demand Softens, Investors Fret Trump Tax Cuts Won’t Pass
Revenue from Trump’s office buildings has been coming in below expectations. That’s part of a softening in commercial real estate, and it’s happening all over the country.
Greystar-Led Fund Taking Monogram Residential REIT Private in $3 Billion Transaction
Monogram Residential Trust agreed to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, in a transaction valued at $3 billion.
On a large scale, much of the positive momentum is being fueled by activity among e-commerce companies.