Lenders' Insatiable Appetite for Commercial Real Estate
Manhattan Apartment Building Prices at Record High as Rents Jump | by Oshrat Carmiel
Bloomberg writes: Real estate investors competing to buy Manhattan apartment buildings have sent prices to record highs as rental demand surges, reducing yields on the properties to the lowest in more than six years. With cap rate compression at its limit, Sam Chandan contends that gains will be more limited going forward.
Read the Bloomberg and Businessweek coverage of the apartment market at businessweek.com.