The Washington Post, Oct. 20, 2023-Teo Armus and Yifan LuoFor the past several decades, the vast majority of homes built in the United States fit one of two categories: big …
Category: Top National News
America’s Downtowns Are Empty. Fixing Them Will Be Expensive.
Wall Street Journal, Oct. 21, 2023–Konrad PutzierLonely sidewalks and closed storefronts inspire proposals to recast office districts into neighborhoods where people live, work and raise families.Click here for more. (subscription)
Opinion: Cities Try Every Tool to Fix the Housing Crisis Except What Works
Washington Post, Oct. 20, 2023–Catherine RampellLet’s do all the things to fix the housing crisis except the ones that work. That seems to be the mantra of some big blue …
How 100,000 Apartments in New York City Disappeared
The New York Times, Oct. 19, 2023-Mihir ZaveriAbout a decade ago, Timon Malloy encountered a problem familiar to families trying to raise two children in New York City: His apartment …
Distressed CRE Reaches Ten-Year High
GlobeSt.com, Oct. 19, 2023–Erik ShermanDistress has been the buzzy question making the rounds of commercial real estate for more than a year now. When will it really start? When will …
Banks Report Continued Pain on Commercial Real Estate Loans
Reuters, Oct. 18, 2023-Matt TracyA number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the …
Bad News for Commercial Real Estate: Architects Report a Big Drop in Business
CNBC, Oct. 18, 2023-Diana OlickArchitecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could experience even more pain in the next year.Click …
Blackrock’s Larry Fink on Interest Rates: ‘This Reminds Me of the ’70s’
Wall Street Journal, Oct. 24, 2023–Eliot BrownBlackRock CEO Larry Fink isn’t optimistic about interest rates coming back down anytime soon. “We’re going to see higher interest rates for longer,” Fink …
Dismal Lending Year to Turn Up in ‘24
Commercial Property Executive, October 23, 2023–Lew SichelmanWhen the dust clears on 2023, lending and borrowing in the commercial real estate market will be roughly half what it was in 2022. …
‘Enormous’ Amount of Capital on Sidelines Means Now Is Time to Buy Multifamily
GlobeSt.com, Oct. 17, 2023–Richard BergerWith strong fundamentals, new construction starts and a sizeable amount of capital on the sidelines, “now is the right time to buy” in multifamily, according to …