Valuations of distressed SF offices show losses as high as 84%San Francisco's distressed office valuations plummeted over 80%, with a 37% vacancy rate indicating a severe impact from remote work.
UCLA report claims the 'mansion tax' stifles commercial development in L.A.Measure ULA may be harming L.A.'s real estate market by negatively affecting commercial property sales and revenue for affordable housing initiatives.
Thor snags sweet deal for former Tootsie Roll factoryJoseph Sitt's Thor Equities acquired a former factory in Brooklyn for $58.5 million, marking a strategic investment in a high-growth market.
One Cole pays $39M for pair of retail buildings in Beverly HillsOne Cole Group purchases two retail buildings in Beverly Hills for $39.2 million, reflecting the area's high demand and limited availability.
Universal Music's Santa Monica headquarters sells for $185MDrawbridge Realty purchases Universal Music Group's headquarters in Santa Monica for $185 million, its first investment on the Westside.
Martin Selig lays off 86 as 7 buildings slide into receivershipMartin Selig Real Estate struggles financially, with multiple properties in receivership and layoffs as it seeks to address significant debt issues.
Valuations of distressed SF offices show losses as high as 84%San Francisco's distressed office valuations plummeted over 80%, with a 37% vacancy rate indicating a severe impact from remote work.
UCLA report claims the 'mansion tax' stifles commercial development in L.A.Measure ULA may be harming L.A.'s real estate market by negatively affecting commercial property sales and revenue for affordable housing initiatives.
Thor snags sweet deal for former Tootsie Roll factoryJoseph Sitt's Thor Equities acquired a former factory in Brooklyn for $58.5 million, marking a strategic investment in a high-growth market.
One Cole pays $39M for pair of retail buildings in Beverly HillsOne Cole Group purchases two retail buildings in Beverly Hills for $39.2 million, reflecting the area's high demand and limited availability.
Universal Music's Santa Monica headquarters sells for $185MDrawbridge Realty purchases Universal Music Group's headquarters in Santa Monica for $185 million, its first investment on the Westside.
Martin Selig lays off 86 as 7 buildings slide into receivershipMartin Selig Real Estate struggles financially, with multiple properties in receivership and layoffs as it seeks to address significant debt issues.
Land Trust, USA Properties buy $27M Irvine office buildingIrvine Community Land Trust and USA Properties are converting an office building into affordable apartments, addressing housing needs.
Commercial properties exposed to LA wildfires worth at least $2.6BLos Angeles wildfires have devastated homes and significant commercial properties, totaling $2.6 billion at risk.
Squatters move into iconic Brixton venue Dogstar just days after it closesDogstar's closure resulted in squatters occupying the vacant building, exploiting the legality of commercial squatting.
Big benefits and cautious concerns related to commercial building skylight installation - London Business News | Londonlovesbusiness.comSkylights provide natural light, reduce energy costs, enhance occupant well-being, and improve productivity in commercial spaces.
Hurricane Milton is closing in on $1 trillion worth of commercial properties, Moody's estimatesHurricane Milton poses a significant threat to Florida, with over 235,000 commercial properties at risk and estimated losses potentially reaching billions.
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.
Facing Possible Cash Crunch, Giant Real Estate Fund Limits WithdrawalsStarwood Real Estate Income Trust is limiting investor redemptions to avoid a cash crunch amidst dropping commercial property values and high interest rates.