Washington Post, Mar. 3, 2023–Teo Armus, Rachel LermanAmazon will pause construction at the second headquarters it is building in Arlington, the company confirmed Friday, a major setback for the e-commerce …
Category: Top National News
American Dream Mall Owes NJ Town $8 Million, Lawsuit Says
Bloomberg, Mar. 6, 2023–Martin Z. BraunA New Jersey town sued the American Dream mall and entertainment complex over its refusal to make about $7.5 million in property tax-like payments and …
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Business Hotels Face Increased Default Risk in Uneven Travel Recovery
Wall Street Journal, Mar. 6, 2023–Akiko Matsuda (subscription)Some hotel owners that rode out the coronavirus pandemic are finding the recent travel rebound might not be enough to persuade lenders to …
CBRE: Soft Landing for Canada’s CRE in 2023
GlobeSt.com, March 2, 2023–Jack RogersCanada’s commercial real estate market will execute a soft landing later this year, as large investors return to the market in the wake of the Bank …
Salesforce Continues to Slash Office Space With Six-Floor Tower Sublease
SFGate, March 5, 2023–Stephen CouncilSalesforce is quitting on another 125,000 square feet of real estate. This time, it’s in its namesake tower.https://www.msn.com/en-us/money/realestate/salesforce-continues-to-slash-office-space-with-six-floor-tower-sublease/ar-AA18cxlA
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Private-Equity Firms Snap Up Data Centers as Cloud Demand Soars
Wall Street Journal, Feb. 28, 2023–Angus Loten (subscription)Private-equity firms bought data centers in near-record numbers last year, defying a broad deal-making slowdown in a bid to capture ever-growing demand for …
Four Observations on Multifamily from the Mortgage Bankers Association’s CREF23 Conference
Arbor, March 3, 2023During the four-day event, key themes and takeaways emerged that will likely shape the conversation on multifamily financing throughout the year.”https://arbor.com/blog/four-observations-on-multifamily-from-the-mortgage-bankers-associations-cref23-conference/?
Distress Rate in NYC Multifamily CMBS Set to Rise
Commercial Observer, March 3, 2023–Mark McDevitt (subscription)A point of interest among multifamily investors reviewing February 2023 reporting data for CMBS securitizations was the special servicing transfer of a $270.3 million …