Yet, shares in commercial property firms has rallied recently. The article says this is due to dwindling supply and a shift to PE financing.

>this quarter is the first since the start of the pandemic when America’s five biggest commercial-property firms—cbre, Colliers, Cushman & Wakefield, jll and Newmark—have lifted their earnings outlooks simultaneously. The share prices of the five are up by between 23% and 45% so far this year, and several have hit records.

https://archive.is/X4muY

I am curious what the connection to PE financing is while PE is desperately attempting to obtain liquidity.

Private Equity Keeps Inventing New Ways to Give Cash to Investors - https://news.ycombinator.com/item?id=44985408 - August 2025

Private Equity's Latest Financial Alchemy Is Worrying Investors - https://news.ycombinator.com/item?id=44891882 - August 2025