Rupert Murdoch's aspirations to strike a deal have been foiled, as News Corp's efforts to sell one of its high-value real estate assets have fallen apart.
US office real estate to see more distress in 2023 due to expensive debt, weak demand, falling prices, and possible recession.
The commercial property market puts CMBS on thin ice as rising interest rates cut into lending volume and defaults spook investors.
One of NYC's top property sales team leaves Cushman & Wakefield for rival Newmark Group amid a tough office building market.
The last two years have seen demand fly off the charts, with rents rising accordingly. But since all good things must eventually come to an end, that kind of rent growth was unsustainable.
Manhattan is losing $12.4B annually due to remote work, as employees are absent from the office on Mondays and Fridays, resulting in reduced spending on meals and entertainment in the vicinity of their workplaces.
Brookfield has defaulted on $784M worth of loans connected to two of its trophy office towers in Downtown L.A.
New data shows that nationwide multifamily rents increased in January, marking the first rise since August of 2022.
According to the latest Douglas Elliman report, the median rent in Manhattan reached $4,097 in January, the third-highest monthly record. This contradicts housing analysts' belief that rents might decrease this year, given the frenzy of 2022.
The CRE market is finally starting to find its footing and Green Street thinks prices could have hit rock bottom.
Some companies are shifting production and equipment to Mexico in pursuit of a manufacturing hub closer to the U.S.
Public Storage (PSA) has decided to approach shareholders directly after multiple unsuccessful attempts to secure a deal behind closed doors.
