Erika Morphy

Commercial real estate is entering a more selective financing environment in which asset quality, leverage and refinance readiness will determine who can access capital.

The transaction adds roughly 12 million square feet across 39 states to CBRE IM's real estate investment platform.

The firm is making a senior management change after Nadeem Meghji, a nearly 20-year Blackstone veteran, decided to leave.

New Leadership Team Takes Over at Blackstone Real Estate

The prospect of higher rates at the long end of the curve is adding pressure to a market already working through refinancing needs.

U.S. rents slipped only marginally in August, a milder seasonal pullback than in the prior two years as annual growth gained momentum.

Mark Gleiberman is pursuing acquisitions as supply pressures linger in Phoenix and Denver but capital constraints reduce competition for apartment deals.

CEO Paul Daneshrad says the firm is looking through roughly 1,000 opportunities for every acquisition as it pursues stronger risk-adjusted returns.

The issue is no longer simply how fast premiums are rising, but whether today's lower costs are durable enough to underwrite.

The company is expanding through an Evergreen Fund while building a major distressed-debt position in San Francisco apartments.