Crain’s Detroit Business, Apr. 6, 2023–Rachel Watson (subscription)Developers across western Michigan are seizing a prime opportunity to turn the region’s abundance of golf courses into badly needed housing.https://www.crainsdetroit.com/real-estate/housing-developers-find-next-big-opportunity-golf-courses
Category: Top National News
How Coworking Companies Delayed a Reckoning in the NYC Office Market
Commercial Observer, Apr. 6, 2023–Celia YoungNew York City’s office market was probably in trouble long before COVID-19 hit. A flight to quality and away from a glut of Class B …
A Phil Hall Op-ed: Still Making the Same Mistakes
WRE, Apr. 3, 2023–Phil HallNow, I am interested in housing construction technology – especially 3D solutions – and I have been focused on the creation of cost- and energy-efficient housing …
New Florida Bill Strives to Increase Affordable Housing Supply
GlobeSt.com, Apr. 4, 2023–Barbara BallingerFlorida faces an acute affordable housing crisis. A bill signed into law last week aims to ease this shortage through several strategies, but it will also …
Berkadia’s Russ Hardy on Single-Family Rentals
ConnectCRE, Apr. 5, 2023The momentum is hardly letting up for single-family rental/build-for-rent, the current financing headwinds notwithstanding. Connect CRE spoke with Russ Hardy, Managing Director with Berkadia, for insights into …
Are Offices Truly Worth as Little as REITs Imply?
Washington Post/Bloomberg, Apr. 4, 2023–Jonathan LevinThe U.S. office market faces a tough road ahead. Corporate tenants are considering scaling back, higher interest rates are hurting valuations and many property owners …
The NYC Landlord Who Says the ‘Golden Age’ of Being a Landlord Is Over
Bloomberg Odd Lots podcast, Apr. 3, 2023–Joe Weisenthal, Tracy AllowayFor the most part, being a landlord, particularly in a major city, has been a good business to be in. Rents …
Apartment Building Sales Drop 74%, the Most in 14 Years
Wall Street Journal, Apr. 4, 2023–Will Parker (subscription)Sales of rental apartment buildings are falling at the fastest rate since the subprime-mortgage crisis, a sign that higher interest rates, regional banking …
Are Offices Truly Worth as Little as REITs Imply?
Washington Post/Bloomberg, Apr. 4, 2023–Jonathan LevinThe U.S. office market faces a tough road ahead. Corporate tenants are considering scaling back, higher interest rates are hurting valuations and many property owners …
CMBS Issuance During 1Q Drops to Levels Not Seen Since 2012
Commercial Real Estate Direct, April 3, 2023 (subscription)Commercial Real Estate Direct Staff Report Domestic, private-label CMBS issuance during the first quarter totaled a mere $5.98 billion – 12 percent less …