Wall Street Journal, Mar. 6, 2023–Kate King (subscription)Higher mortgage rates and recession fears have upended the high-end housing market, but buyers are still paying up for residences affiliated with luxury …
Category: Top National News
Fannie Mae Launches Survey to Make Multifamily Properties Greener
Mortgage Professional America, Mar. 2, 2023–Candyd MendozaThe survey partners include Conservice, CRE Finance Council, Enterprise Community Partners, Mortgage Bankers Association, National Apartment Association, National Council of State Housing Agencies, National …
Amazon Says It is Pausing Construction on HQ2
Washington Post, Mar. 3, 2023–Teo Armus, Rachel LermanAmazon will pause construction at the second headquarters it is building in Arlington, the company confirmed Friday, a major setback for the e-commerce …
American Dream Mall Owes NJ Town $8 Million, Lawsuit Says
Bloomberg, Mar. 6, 2023–Martin Z. BraunA New Jersey town sued the American Dream mall and entertainment complex over its refusal to make about $7.5 million in property tax-like payments and …
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Business Hotels Face Increased Default Risk in Uneven Travel Recovery
Wall Street Journal, Mar. 6, 2023–Akiko Matsuda (subscription)Some hotel owners that rode out the coronavirus pandemic are finding the recent travel rebound might not be enough to persuade lenders to …
CBRE: Soft Landing for Canada’s CRE in 2023
GlobeSt.com, March 2, 2023–Jack RogersCanada’s commercial real estate market will execute a soft landing later this year, as large investors return to the market in the wake of the Bank …
Salesforce Continues to Slash Office Space With Six-Floor Tower Sublease
SFGate, March 5, 2023–Stephen CouncilSalesforce is quitting on another 125,000 square feet of real estate. This time, it’s in its namesake tower.https://www.msn.com/en-us/money/realestate/salesforce-continues-to-slash-office-space-with-six-floor-tower-sublease/ar-AA18cxlA
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Private-Equity Firms Snap Up Data Centers as Cloud Demand Soars
Wall Street Journal, Feb. 28, 2023–Angus Loten (subscription)Private-equity firms bought data centers in near-record numbers last year, defying a broad deal-making slowdown in a bid to capture ever-growing demand for …