Bloomberg, Feb. 8, 2023–Natalie Wong (subscription)New York is joining a global push for office-to-home conversion to alleviate housing shortages and revitalize downtowns with vacant commercial real estate. Developer Nathan Berman …
Category: Top National News
Publicly-Traded REITs Enjoy a Fast Start to What They Hope Will Be a Bounce Back Year
Wealth Management Real Estate, Feb. 7, 2023–David BodamerAfter suffering a rough 2022, with total returns on the FTSE All Equity Real Estate Investment Trust Index down nearly 25 percent, publicly-traded …
Before it Closes, One Last Trip to a Near-Empty Lakeforest Mall
Washington Post, Feb. 6, 2023–John Kelly When Taubman Centers opened Lakeforest Mall in Gaithersburg, Md., in 1978, the anchor stores were the Hecht Co., Woodward & Lothrop, J.C. Penney and …
How the Recent Fed Rate Hike Will Affect CRE Financing
GlobeSt.com, Feb. 3, 2023–Erik ShermanYes, things can get worse, but there are still sources and opportunities, depending on the deal.https://www.globest.com/2023/02/03/how-the-recent-fed-rate-hike-will-affect-cre-financing/?
US Offices Reach 50% Occupancy for First Time Since Pandemic Hit
Bloomberg, Jan. 30, 2023–Matthew BoyleMore than half of workers in major US cities went to the office last week, the first time that return-to-office rates crossed 50% of their pre-pandemic …
Moody’s: $17B in Mortgage Bonds Backed by Office Buildings Coming Due in 2023
Business Journals, Jan. 25, 2023–Ashley Fahey (subscription)Some $17 billion in mortgage bonds backed by office properties is coming due this year, in an environment where the outlook for the U.S. …
U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate
Wall Street Journal, Jan. 25, 2023–Dylan Tokar (subscription)Banks should be on alert for Russian oligarchs attempting to circumvent U.S. sanctions by investing in commercial real estate, a U.S. Treasury Department …
Libor Is Still Due to Die, but Companies May Use Extensions
Wall Street Journal, Jan. 25, 2023–Mark Maurer (subscription)Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang …
Mega-Deals Reinforce Foreign Appetite for U.S. Real Estate
Wealth Management Real Estate, Jan. 25, 2023–Beth Mattson-TeigOverall volume has slowed and some entities have switched gears from buying properties to acquiring real estate platforms and operating companies.https://www.wealthmanagement.com/investment-strategies/mega-deals-reinforce-foreign-appetite-us-real-estate
Senior Housing That Seniors Actually Like
New York Times, Jan. 29, 2023–Paula Span“Granny flats” are popping up in backyards across the country, affording Americans a new housing option. Some communities are not happy about it.https://www.nytimes.com/2023/01/29/health/elderly-housing-adu.html?