The Wall Street Journal, Sept. 6, 2023-Akiko Matsuda and Alexander Saeedy (subscription)WeWork launched a renegotiation of its office leases globally, testing its leverage against landlords that stand to lose if …
Category: Top National News
Buyers Sought for Signature Bank’s $33 Billion Commercial Real-Estate Portfolio
Reuters, Sept. 5, 2023-Pete Schroeder The U.S. Federal Deposit Insurance Corporation (FDIC) is seeking buyers for the $33 billion commercial real estate (CRE) loan portfolio of failed New York lender …
Rising Rents Are Hitting American Suburbs Hardest
The Wall Street Journal, Sept. 6, 2023-Will Parker (subscription)America’s suburbs are posting the country’s fastest-rising rents, a sign that the recent migration of families from major cities is starting to …
Real Estate Doom Loop Threatens America’s Banks
The Wall Street Journal, Sept. 6, 2023-Shane Shifflett and Konrad Putzier (subscription)Bank OZK had two branches in rural Arkansas when chief executive officer George Gleason bought it in 1979. The …
Rising Insurance Rates Are Crushing Affordable Housing Developers
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?
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 — …