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Bank plans to purchase the vacant Neiman Marcus space at 20 Hudson Yards for $550 million, highlighting one of Manhattan’s major CRE deals this year.
The attendance in Big Apple offices surpasses what the commonly referenced "barometer" of presence might suggest, with more employees present than believed.
Landlords are wrestling with skyrocketing insurance costs amid declining property values and rental income, forcing them to make tough decisions about coverage.
A rising number of the super-rich are placing their bets on the US rental market as falling prices in the apartment sector make it increasingly attractive.
Since peaking in 2009, retail space per capita in the U.S.'s top 45 retail markets has declined to a multi-decade low of 54.3, a 3.9% fall, even amidst rising retail spending and population.
After fifty years in the net lease business, real estate veteran W.P. Carey is exiting the office sector to fortify its industrial property portfolio.
The Federal Reserve has maintained short-term interest rates at 5.25% to 5.5%, suggesting a possible increase in late 2023. This represents a halt in the continuous 17-month trend of rising borrowing costs.
NYC's hotel industry faced a pandemic-induced slump, but a robust resurgence is on the horizon.
2Q CRE sales volumes dropped 50% YoY but stayed steady from last quarter, per Green Street.
The CRE industry is navigating challenging waters with higher interest rates, limited financing options, and a slowing economy. Yet, promising developments ("green shoots") suggest potential growth opportunities.
The FDIC is struggling to sell $12.7B in mortgage-backed securities (MBS) from failed banks like Silicon Valley and Signature.
