Wall Street Journal, Jan. 8, 2024–Konrad PutzierAmerica’s offices are emptier than at any point in at least four decades, reflecting years of overbuilding and shifting work habits that were accelerated …
Category: Top National News
Nation’s Largest Single-Family Home Landlord to Pay $3.7 Million in California Rent-Gouging Case
Los Angeles Times, Jan. 8, 2024–Liam DillonThe nation’s largest landlord of single-family home rentals, Invitation Homes, will pay $3.7 million in civil penalties and restitution to resolve allegations it violated …
New Data-Center Property Investment Signals AI Boom
The Wall Street Journal, Jan. 9, 2024-Peter GrantOne of the world’s largest data-center developers is getting a $6.4 billion equity infusion, the latest sign that this property sector is booming …
Boston Is Using Public Buildings–Like Libraries–to Build Affordable Housing. It’s Still Pricey
WBUR, Jan. 9, 2024-Simón RiosUnder pressure to create more affordable housing, the city of Boston plans to build on top of properties it already owns, like libraries. But the cost …
Apartment Rent Relief Is Expected to Continue in 2024
Wall Street Journal, Jan. 2, 2024–Will ParkerThe apartment rental market finally stopped clobbering tenants with big price increases in 2023. That trend will likely continue in the new year, even …
Average Senior Housing Cap Rate Inches Up
GlobeSt, Jan. 2, 2024-Richard BergerThe average senior housing cap rate increased by 74 bps between April and October with non-core Class C Memory Care assets experiencing the highest increase, up …
A Sears Comes Down, Apartments Go Up at Michigan Mall. Is This the Future?
Bridge Michigan, Jan. 2, 2024-Paula GardnerA closed department store surrounded by rays of faded parking-striped concrete can inspire redevelopment dreams anywhere in the United States.Click here for more
From Austin to Anchorage, U.S. Cities Opt to Ditch Their Off-Street Parking Minimums
NPR, Jan. 2, 2024-Laurel WamsleyThe city council in Austin, Texas recently proposed something that could seem like political Kryptonite: getting rid of parking minimums.Click here for more
America’s Startup Boom Is Stretching Beyond Silicon Valley
The Wall Street Journal, Dec. 30, 2023-Gwynn GuilfordATLANTA—Before the pandemic, Andrew Levy described himself as a filmmaker, producing marketing videos for Fortune 500 companies.Click here for more (subscription)
Fed’s Interest Rate Hike Pause Gets Commercial Real Estate Excited About 2024
Commercial Observer, Dec. 29, 2023–Andrew CoenChristmas came early for the commercial real estate industry on Dec. 13. That’s when the Federal Reserve signaled its hawkish strategy of fighting inflation with …