Weekly Real Estate News, Dec. 18, 2023–Phil HallThe median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel …
Category: Top National News
The Great American Warehouse Building Boom Is Over
The Wall Street Journal, Dec. 18, 2023-Konrad PuzierHigher interest rates are choking off construction of warehouses that feed America’s growing e-commerce appetite, putting an end to a building boom that …
Investor Appetite for Retail Real Estate Is Heating Up Again
The Wall Street Journal, Dec. 19, 2023-Kate KingBig investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this …
Investor Appetite for Retail Real Estate Is Heating Up Again
The Wall Street Journal, Dec. 19, 2023-Kate KingBig investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this …
The Office Market Had It Hard in 2023. Next Year Looks Worse.
The Wall Street Journal, Dec. 19, 2023-Peter GrantOffice building owners, hammered by falling demand and high interest rates, struggled in 2023. But they mostly managed to stay afloat. That is …
As Offices Sit Empty and Housing Costs Soar, Some Texas Developers Are Converting Workspaces Into Apartments
Texas Tribune, Dec. 6, 2023-Joshua FechterDALLAS — From an 18th-floor apartment smack dab in the middle of downtown, a renter sipping coffee at a quartz countertop would have a view …
These S.F. Office Buildings Are the Top Candidates to Convert to Housing
San Francisco Chronicle, Dec. 6, 2023-J.K. DineenCity planning officials have approved San Francisco’s first post-pandemic office-to-residential conversion, and a new report from Moody’s Analytics suggests that 13% of the city’s …
Apartment REITs See Silver Lining as High Mortgage Rates Force Tenants to Stay Put
Reuters, Dec. 7, 2023-Anata AgarwalReal estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and …
Commercial Delinquencies Increase Has Nuances by Sector
National Mortgage News, Dec. 8, 2023-Bonnie SinnockCommercial mortgage delinquencies are increasing regardless of investor type, according to the Mortgage Bankers Association’s most recent quarterly report.Click here for more (subscription)
Macy’s Receives Buyout Offer — Is It All About Real Estate?
CBS News, Dec. 11, 2023-Kate GibsonMacy’s has received a $5.8 billion offer from an investment group to take the iconic department store chain private, a deal that could have more …