#commercial-properties

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therealdeal.com
3 weeks ago
Business

Value of Gas Company Tower in DTLA Drops Another 21%

The Gas Company Tower in L.A. has significantly decreased in value over the years, currently worth $214.5 million, highlighting the decline in the Downtown office market post-pandemic. [ more ]
www.nytimes.com
1 month ago
Venture

Facing Possible Cash Crunch, Giant Real Estate Fund Limits Withdrawals

Starwood Real Estate Income Trust is limiting investor redemptions to avoid a cash crunch amidst dropping commercial property values and high interest rates. [ more ]
www.mercurynews.com
3 months ago
East Bay (California)

San Jose apartment complex aims to convert first-floor retail to homes

A San Jose apartment complex is converting retail spaces into residential units to meet housing demands in the Bay Area.
Tech companies downsizing in the Bay Area has led to decreased demand for office spaces, prompting conversions to residential units. [ more ]
Chicago Tribune
5 months ago
Chicago

Paul Vallas: Mayor Brandon Johnson's 'mansion tax' plan is a regressive tax increase in search of a program

Mayor Johnson's real estate transfer tax proposal lacks an effective affordable housing strategy.
The tax increase would disproportionately affect owners of commercial properties. [ more ]
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