And these loans are coming due in a somber capital markets environment.

The average entry cost during the first half of 2023 was $103,200 per key, a 4.1% decline from last year.

CBRE predicts a rental rate increase and a more active sales market in H2.

Builder confidence fell six points to 50 from July to August.

Meanwhile tenants are asking about their buildings' loan health.

Malls are a major exception to this pattern, as demand for space in malls continues to drop.

In other news, Amazon may be ready to grow its distribution space again.

Multifamily delinquency rates rose from 13 basis points to 21 basis points.