A senior reporter recounts the unprecedented foreclosure auction of a $900 million apartment complex and discusses distress events in New York and LA, as well as the concept of aspirational pricing for luxury properties.
Heading into 2024, rate cuts are the silver lining on everyone’s mind. Still, Ron Dickerman, founder and president of private equity firm Madison International Realty, sees 2024 as a “transitional year.” As capital cautiously comes off the sidelines, Dickerman talks opportunity in the wall of maturities and which asset classes he’s eyeing. Hint: Cold storage is on the come-up