Fortune, April 11, 2024-Jane ThierThe return-to-office rate in New York City has reached a fever pitch, with a leading provider of foot traffic data finding occupancy hitting more than 80% …
Category: Top National News
Why More Renters Are Opting Out of Ownership
Multi-Housing News, April 10, 2024-Lew SichelmanA house on the corner with a white picket fence and a backyard has long been a big part of the American Dream. But it’s …
Luxury Multifamily Rent Growth Weakest in Recent Memory
Globe St., April 15, 2024-Philippa MaisterAnyone searching for a luxury apartment could find this a good time to go hunt. That’s because asking rents have been slashed as a result …
Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate
The Wall Street Journal, April 16, 2024-Konrad PutzierBig technology companies are cutting back on office space across major coastal cities, leaving some exposed landlords with empty buildings and steep losses.Click …
The Real Estate Nightmare Unfolding in Downtown St. Louis
The Wall Street Journal, April 9, 2024-Konrad PutzierThe Railway Exchange Building was the heart of downtown St. Louis for a century. Every day, locals crowded into the sprawling, ornate 21-story …
Commercial Real Estate Entering Planning Stage Dips
The Dodge Momentum Index fell 8.6% in March to 164.0, and commercial properties entering the planning stage dipped 3.2%, according to the Dodge Construction Network, Bedford, Mass.
Interest Rate Drops Will Not Solve CRE Problems
GlobeSt.com, April 04, 2024–David FroshInvestors in commercial real estate and multifamily housing should be less concerned about the Federal Funds rate and more focused on the potential scarcity of capital …
Office Vacancies Set New All-Time High, Blowing Past Recession-Era Rates
Fortune, April 4, 2024-Alena BotrosThe poster child of commercial real estate’s downfall is making headlines again, for the worse.Click here for more (subscription)
Movie Theaters Have Weird Real Estate. It’s Saving Them.
The Wall Street Journal, April 8, 2024-Kate KingU.S. movie theaters were hurtling toward obsolescence only a few years ago. Their unorthodox real estate might be their salvation. Click here for more (subscription)
Blackstone Making $10 Billion Multifamily Purchase, Going on the Real Estate Offensive
The Wall Street Journal, April 8, 2024-Craig KarminBlackstone has agreed to acquire an owner of upscale apartment buildings for about $10 billion, signaling that one of the world’s largest real-estate …