Bloomberg News, Sept. 21, 2023-Jennifer Epstein (subscription)New York Mayor Eric Adams is calling for construction of “a little more housing in every neighborhood” to contend with the city’s severe shortage of places …
Category: Top National News
Raft of Commercial Mortgage Bond Ratings Were Slashed, Bank of America Says
Bloomberg News, Sept. 25, 2023-Charles E. Williams (subscription)Credit ratings were cut on the highest number of commercial mortgage-backed securities in “recent memory” last week, according to strategists at Bank of …
Even a Booming Economy Can’t Save Atlanta’s Office Market
The Wall Street Journal, Sept. 25, 2023-Peter Grant and Deborah Acosta (subscription)Atlanta has been one of the Sunbelt’s biggest boomtowns, where the population and job market are growing fast. But …
CRE Debt Increases by $38B in Q2, Says MBA
ConnectCRE, Sept. 26, 2023–Paul BubnyThe level of commercial/multifamily mortgage debt outstanding increased by $37.7 billion, or 0.8%, in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) …
Surging Insurance Costs Have Come for Office Landlords
Wall Street Journal, Sept. 26, 2023–Konrad PutzierCommercial property owners, already struggling with high interest rates and rising vacancies, face exploding insurance costs that keep hitting new highs.Click here for more. (subscription)
Real Estate Industry Leads on Return-to-Office in Manhattan
6sqft, Sept. 26, 2023-Devin GannonReal estate employees are in the office more often than any other office workers in Manhattan, according to the results of a new survey.Click here to …
More Workers Return to Office After Labor Day
Commercial Property Executive, Sept. 20, 2023–Gail KalinoskiPhysical occupancy breaks 50 percent nationwide for the first time in several months, according to Kastle Systems’ latest report.Click here for more.
San Francisco Office Market Shows Signs of Life
The Wall Street Journal, Sept. 17, 2023-Peter Grant (subscription)San Francisco’s beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Click …
Investors Keep Putting Money Into Private Credit
The Wall Street Journal, Sept. 18, 2023-Telis Demos (subscription)Big banks are worried that more lending might migrate away from them in the coming years. Investors big and small are taking …
U.S.’s Hardest-Hit Hotel Market Primed for a Comeback
The Wall Street Journal, Sept. 19, 2023-Kate King (subscription)New York City’s hotel recovery is checking in early.Click here to read