Bloomberg, Sept. 12, 2023–Kriston Capps (subscription)Natural disasters and crime are being blamed for property insurance hikes that are frustrating builders of much-needed new apartment buildings.https://www.bloomberg.com/news/articles/2023-09-12/insurance-rate-hikes-threaten-to-bust-the-us-apartment-building-boom?
Category: Top National News
Amazon’s Makeover of Lord & Taylor Building Shows Challenge of Office Conversions
Wall Street Journal, Sept. 12, 2023–Konrad Putzier (subscription)Amazon.com on Tuesday will unveil its new Manhattan office at the former Lord & Taylor flagship department store, a transformation that highlights how …
A Mall Owner’s About-Face: Bet on America’s High-End Malls
Wall Street Journal, Sept. 12, 2023–Kate KingThe European owner of Westfield malls is pulling back from its aggressive plan to sell nearly all its properties and exit from the U.S. …
Luxury Apartment Glut in South Florida Offers Some Price Relief
Wall Street Journal, Sept. 11, 2023–Deborah Acosta (subscription)Multifamily construction has been soaring across the U.S., particularly in the Sunbelt. It has been especially robust in South Florida. The Miami metropolitan …
U.S. Commercial Real Estate Seems Safe From China’s Troubles. That Could Change Fast.
Commercial Observer, Sept. 1, 2023-Mike SeemuthLiquidity problems at two immensely large Chinese companies with real estate holdings are adding to concern that a bubble in Chinese property values could burst …
All That Empty Office Space Belongs to Someone
New York Times, Sept. 1, 2023-Emma Goldberg (subscription)At an office in SoHo, rows of desks sit empty, while a shaggy dog — shadowing an owner nostalgic for work-from-home comforts — …
Hedge Funds Block Commercial REIT Merger
The Wall Street Journal, Sept. 5, 2023-Matt Wirz (subscription)Real-estate investment trusts Diversified Healthcare Trust and Office Properties Income Trust say they won’t move forward with the merger proposed by their …
What’s Worse Than Record High Rent? Record High Rent, Plus Fees.
The Wall Street Journal, Sept. 5, 2023-Will Parker (subscription)The cost to rent a home or apartment has soared, and it isn’t just because of super high rents.https://www.wsj.com/real-estate/whats-worse-than-record-high-rent-record-high-rent-plus-fees-4ddbd12f?
Rent Control Laws on the National Level? Biden Administration Offers a Not-So-Subtle Push
USA Today, Sept. 5, 2023-Medora LeeAs rents close in on a record high, more Americans, including the federal government, are wondering if it’s time for national rent control that will …
NYC Lost 100K Homes in Apartment-to-House Conversions
The City, Aug. 24, 2023-Rachel Holliday SmithIt’s a New York dream to combine your place with the one next door to make a spacious home.https://www.thecity.nyc/housing/2023/8/24/23843686/100k-apartments-lost-to-house-conversions