Wall Street Journal, May 18, 2023–Tali Arbel, Colin Kellaher (subscription)Storied real-estate investor Sam Zell, who made a fortune buying distressed commercial properties, has died. He was 81.https://www.wsj.com/articles/legendary-real-estate-investor-sam-zell-dies-bbc5bde9?mod=hp_lead_pos10
Category: Top National News
U.S. Commercial Real Estate Post First Price Decline in a Decade
Mortgage Professional America, May 18, 2023–Candyd MendozaThe prices of US commercial real estate properties fell for the first time since 2011, according to Moody’s Analytics. The Mortgage Bankers Association forecasted …
San Francisco Gets a $1 Billion Bet That Workers Will Return
Bloomberg, May 17, 2023–Biz CarsonThe 48th floor of the Transamerica Pyramid used to hold a conference room with panoramic views of the San Francisco Bay. Today, there’s a hollowed out …
loanDepot Institutes Return-to-Office Policy; More Layoffs?
Inside Mortgage Finance, May 17, 2023–Paul MuololoanDepot, the nation’s 14th largest home lender, told its workforce this week that, come Sept. 5, they must be in the office at least …
Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
Wall Street Journal, May 16, 2023–Peter Grant (subscription)Property owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a …
Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
Wall Street Journal, May 16, 2023–Peter Grant (subscription)Property owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a …
Proptech and Office Space Management
Commercial Property Executive, May 12, 2023–Jessica FiurWhile many companies are still unsure about what to do with their empty office space, new proptech options are emerging to help manage it.https://www.commercialsearch.com/news/proptech-and-office-space-management/
26 Empire State Buildings Could Fit Into New York’s Empty Office Space. That’s a Sign
New York Times, May 11, 2023–Edward L. Glaeser, Carlo RattiIn downtowns from Chicago to Los Angeles, the physical layout of the 20th-century city is clashing with the new economy. Since …
New York City-Area Rents Surge by Most in Nearly Two Decades
Bloomberg, May 10, 2023–Prashant GopalRents for primary residences in the New York, Jersey City and Newark, New Jersey, region rose 6.1% in the 12 months through April, the biggest increase …
California’s FAIR Plan May Save Condo Associations…
Orange County Register, May 11, 2023–Jeff LazersonThe California FAIR Plan Association has agreed to more than double its existing commercial coverage limits to $20 million for businesses and homeowner associations …