GlobeSt.com, Aug. 24, 2023–Erik ShermanOne of the natural worries in commercial real estate — especially office — with the onset of ever more powerful artificial intelligence software is that there …
Category: Top National News
This Is Public Housing. Just Don’t Call It That.
New York Times, Aug. 25, 2023-Conor Dougherty (subscription)The Laureate is one of those apartment buildings that developers love to build and anti-gentrification types love to hate.https://www.nytimes.com/2023/08/25/business/affordable-housing-montgomery-county.html
Commercial Real Estate Apocalypse Threatens Economy and Midsize Cities
Washington Post, Aug. 28, 2023–Rachel Siegel (subscription)All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban …
How the ‘Urban Doom Loop’ Could Pose the Next Economic Threat
The Washington Post, Aug. 28, 2023-Rachel SiegelAll across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban …
Commercial Lending Fell 52% in Second Quarter
The Real Deal, Aug. 28, 2023As a wave of distress rolls towards commercial real estate, lenders are pulling back accordingly.https://therealdeal.com/national/2023/08/28/commercial-lending-fell-52-in-second-quarter/
Breweries, Farms, Spas? To Fill Empty Offices, Downtowns Get Creative.
Washington Post, August 28, 2023—-Teo ArmusForget turning offices into apartments. Some cities and developers are exploring more out-of-the-box ways to use vacant office buildings.https://www.washingtonpost.com/dc-md-va/2023/08/28/empty-office-buildings-commercial-vacancy-zoning/
Opportunities in ULI’s Real Estate Economic Forecast
YieldPro magazine, Aug. 18, 2023–Bendix AndersonWell-capitalized apartment developers may find opportunities in 2023, 2024 and 2025 to create transformative new communities—despite a U.S. economy weakened by high interest rates.https://yieldpro.com/2023/08/opportunities-in-ulis-real-estate-economic-forecast/
New York Plans to Open Parts of Midtown Manhattan to Housing
New York Times, Aug. 17, 2023-Mihir Zaveri (subscription)New York City officials announced plans on Thursday to ease the conversion of office buildings to housing and open manufacturing areas south of …
Confidence in Multifamily Housing in Positive Territory
MPA, Aug. 21, 2023-Jonalyn CuetoResults from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB) revealed positive confidence in the market for new multifamily housing …
A Bright Spot in Commercial Real Estate: Retail Shops
The Wall Street Journal, Aug. 21, 2023-Kate King (subscription)Retailers are on track to open 1,000 net new stores in the U.S. this year as retail availability hits record lows, in …