Washington Post, Sept. 27, 2023–Editorial BoardMost major cities have about 20 percent of their office space vacant and only about 2 percent currently undergoing a conversion, according to real estate …
Category: Top National News
Pro-Housing Zoning Policy Gains Traction Nationally — But Runs Into Barriers
Commercial Observer, Sept. 27, 2023–Logan NagelGovernments across the country are addressing the housing crisis via one of the more powerful levers available to them: zoning policy. That can take the …
Opinion: Just Look At Why It’s So Hard to Turn Offices Into Homes
Washington Post, Sept. 27, 2023–Editorial BoardMost major cities have about 20 percent of their office space vacant and only about 2 percent currently undergoing a conversion, according to real estate …
CRE Lenders Respond to Uncertainty With Extensions
GlobeSt.com, Sept. 21, 2023–Erik ShermanAbout $5.65 billion in loans have been extended so far in 2023, says Trepp.Click here for more. (subscription)
NYC Mayor Aims to Bring ‘a Little More Housing’ to Neighborhoods
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 …
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 …