Bloomberg News, Feb. 29, 2024-Kriston CappsPittsburgh’s Gulf Tower is a 44-story Art Deco office building that once served as the headquarters of the Gulf Oil Company. Completed in 1932, the …
Category: Top National News
Inside the Greening of a 1930s New York City Building
Wall Street Journal, March 1, 2024–Shane ShifflettA nearly 100-year-old office building in New York City is undergoing a massive retrofitting to slash its emissions. The $35 million project could serve …
Manhattan Office Market Sees Record-High Availabilities in February
Crain’s New York, March 1, 2024-Eddie SmallThe first two months of the year have not been great for Manhattan’s beleaguered office market, with the availability rate for the borough hitting …
America’s Apartment Buildings Are Getting Bigger and Taller
Wall Street Journal, March 4, 2024–Will ParkerMore new rental apartments are coming to the market than at any time since the 1980s. Really big buildings are a major reason why.Click …
Multifamily’s Bounce Back Will Be Sharpest in These Markets
Globe St., March 4, 2024-Erik ShermanIt’s not quite “Don’t Worry, Be Happy,” but a new note from CBRE emphasizes that multifamily problems will eventually end. “Markets are never static and …
Why It’s Not All Doom and Gloom for Commercial Real Estate
CNN, March 4, 2024-Nicole GoodkindAfter decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.Click here for more
New Real Estate Trend: Meet the ‘Forever Renters’
Fox 29 Philadelphia, March 5, 2024-Alicia WarrenAs economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.”Click …
Congressional Leaders Reach a Deal to Avoid a Government Shutdown
NPR, Feb. 29, 2024Congressional leaders say they have reached a deal to extend the current funding deadlines to avoid a partial government shutdown at midnight on Friday. Congress will need …
Condominiums Gaining Ground in U.S. Mortgage Market–Fannie Mae
MPA, Feb. 22, 2024-Mika PangilinanAmid a persistent national housing shortage, Fannie Mae has published a study highlighting the growing significance of condominiums in the US mortgage market, alongside the risks …
What Many Get Wrong About the US Office Market
Globe St., Feb. 23, 2024-Erik ShermanThe issue, says Brookfield, isn’t too much stock for demand, but not enough.Click here for more (subscription)