Shares of brokers lose shine as US commercial property market starts cooling
Seattle
COMMERCIAL property brokerages, the stars among US real estate stocks this year, are losing lustre as the booming market for deals shows signs of cooling.
CBRE Group and Jones Lang LaSalle, the global titans of property services, have lost 8 per cent and 8.7 per cent, respectively, this month, reversing sharp gains compared with real estate investment trusts and the Standard & Poor's 500 Index. HFF Inc tumbled 17 per cent and Marcus & Millichap fell 10 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%