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 …
Category: Top National News
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
MSCI: CRE Shouldn’t Worry About AI Negative Impact
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 …
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/