Wall Street Journal, Feb. 12, 2024–Peter GrantWith many owners unable to extend their loans, investors are starting to pounce on these propertiesClick here for more (subscription)
Category: Top National News
Empty Office Buildings Litter Cities, But Real Estate Expert Says Expect Change Soon
NPR, Feb. 8, 2024–Sacha PfeifferNPR’S Sacha Pfeiffer talks with David Smith, head of Americas Insights at the real estate services firm Cushman & Wakefield, about the empty commercial buildings across …
Yellen Sees More Commercial Real Estate Stress, Losses, but No Systemic Banking Risk
Reuters, Feb. 8, 2024-David LawderU.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but …
‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times, Feb. 8, 2024-Jeanna SmialekGraceful art-deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent.Click here for more (subscription)
HousingWire Powerhouse: Bob Broeksmit-Playing to Your Strengths in Business and on Capitol Hill
HousingWire, Feb. 8, 2024–Clayton CollinsHousingWire CEO Clayton Collins interviewed Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association. The conversation charts Broeksmit’s journey through the mortgage world to …
Rent Comes Down for the Wealthy, While Rising for the Rest
The Wall Street Journal, Feb. 6, 2024-Will ParkerLandlords are slashing rents this year. Most renters won’t save a dime.Click here for more (subscription)
Commercial Property Losses Hammer Banks on Three Continents
The Wall Street Journal, Feb. 1, 2024-Margot Patrick, Eliot Brown and Gina HeebInvestors have wondered when the pain from the downturn in commercial property would hit banks. The past 24 …
Employers Are Desperate to Hold Onto Working Parents and They’re Building More Childcare Centers in the Office
Fortune, Feb. 2, 2024-Paige McGlauflinCompanies are increasingly offering in-house childcare as part of a bid to hold onto working parents.Click here for more (subscription)
Why Major U.S. Cities Are Becoming a Problem for Foreign Banks
The Wall Street Journal, Feb. 2, 2024Why are U.S. commercial real estate problems rapidly going global? The reasons are actually quite local.Click here for more (subscription)
This Florida Mall Has Gucci, Prada … and Soon, Affordable Housing?
The New York Times, Feb. 5, 2024-Patricia MazzeiIn Bal Harbour, Fla., an oceanside village north of Miami Beach, a luxury mall says it wants to help tackle one of the …