The Wall Street Journal, May 20, 2025-E.B. Solomont Nearly a decade ago, financier Harsh Padia and his wife, Purvi Padia, spent $29.1 million for an apartment in Manhattan’s West Village, …
Category: Top National News
Meta Promised $1 Billion for Housing. Then It Quietly Walked Away
Orange County (Calif.) Register, May 20, 2025-Kate TalericoThe pledge has been whittled down significantly as the Silicon Valley tech giant has faced layoffs and shifting prioritiesClick here for more
A Fire Sale of Portland’s Largest Office Tower Shows How Far the City Has Fallen
Wall Street Journal, May 19, 2025-Peter GrantThe once-premier building is now over half empty, reflecting how the Oregon city’s downtown is struggling with crime and other quality-of-life issuesClick here for more …
Survey Reveals Stark Contrast in Americans’ Financial Outlook
MPA, May 15, 2025-Jonalyn CuetoFinancial optimism among American households has sharply declined as economic reality fails to meet expectations, according to a new survey released this week by digital finance …
Apartment Landlords Prioritize Filling Vacancies Over Rent Amid Economic Uncertainty
Globe St., May 8, 2025-Kristen SmithbergU.S. apartment operators appear to be focused on filling vacant units quickly as economic uncertainty amplifies across the country at the start of the prime …
Multifamily Oversupply Drives Down U.S. Asking Rents
MPA, May 13, 2025-Candyd MendozaThe median US asking rent fell by 1% year over year to $1,625 in April, the biggest drop in 14 months, according to a new report …
Rest of Year Isn’t Looking Good for Retail-Property Market
The Wall Street Journal, May 12, 2025-Kate KingShopping-center owner Sandy Sigal groaned when he found out that the bankrupt home-goods retailer Big Lots was closing its location at his Whittier, …
Cities Turn to Sports Stadiums to Snap Out of Downtown Doom Loop
The Wall Street Journal, May 9, 2025-Rebecca PicciottoA growing number of U.S. cities are embracing an alternative approach to revitalizing sleepy downtowns: Strike a deal with a local sports team …
Rising Wages for Unskilled Construction Workers Reshape U.S. Housing Market
MPA, May 5, 2025-Jonalyn CuetoAs construction wages rise, new research finds that unskilled laborers are driving industry-wide cost increases, further straining housing affordability.Click here for more
Multifamily Housing Permits Fall to Lowest Levels Since Pandemic in Most U.S. Cities
Globe St., May 6, 2025-Philippa MaisterThe number of permit applications to build multifamily housing has slumped in two-thirds of U.S. cities, in some cases to levels not seen since the …