Milk Street office building could soon become apartments
A Newton developer plans to convert an office building into residential apartments, addressing current market trends in Boston.
Beach club partner bringing affordable housing to Woodside
Howard Taub is committed to developing affordable housing despite challenges, with plans for 63 affordable units in his new 253-unit project in Queens.
JPI Buys Apartment Parcel at Long Beach Mall Redevelopment
JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.
Milk Street office building could soon become apartments
A Newton developer plans to convert an office building into residential apartments, addressing current market trends in Boston.
Beach club partner bringing affordable housing to Woodside
Howard Taub is committed to developing affordable housing despite challenges, with plans for 63 affordable units in his new 253-unit project in Queens.
JPI Buys Apartment Parcel at Long Beach Mall Redevelopment
JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.
Boston Mayor Michelle Wu's property tax shift proposal to relieve homeowners died in the Senate due to lack of support.
Wu's property tax bill is likely dead
Mayor Michelle Wu's proposal to shift Boston's property tax burden to commercial real estate did not pass the Senate, amid concerns about potential negative impacts on businesses and the city's competitiveness.
Wu's tax proposal 'dead' after collapse in Senate
Boston Mayor Michelle Wu's property tax shift proposal to relieve homeowners died in the Senate due to lack of support.
Wu's property tax bill is likely dead
Mayor Michelle Wu's proposal to shift Boston's property tax burden to commercial real estate did not pass the Senate, amid concerns about potential negative impacts on businesses and the city's competitiveness.
Big Bay Area real estate portfolio is bought for well over $100 million
A New York-based real estate investment group bought a Bay Area portfolio for well over $100 million, indicating continued investor interest in Silicon Valley commercial real estate.
The Trade Desk to replace private club in Downtown San Jose
The Trade Desk is moving to Fairmont Plaza in Downtown San Jose, ending the long tenure of the Silicon Valley Capital Club.
Couchbase takes the ground-floor at Santana West
Couchbase has leased 23,680 SQFT at Santana West, showcasing the location's growing commercial appeal.
Big Bay Area real estate portfolio is bought for well over $100 million
A New York-based real estate investment group bought a Bay Area portfolio for well over $100 million, indicating continued investor interest in Silicon Valley commercial real estate.
The Trade Desk to replace private club in Downtown San Jose
The Trade Desk is moving to Fairmont Plaza in Downtown San Jose, ending the long tenure of the Silicon Valley Capital Club.
Couchbase takes the ground-floor at Santana West
Couchbase has leased 23,680 SQFT at Santana West, showcasing the location's growing commercial appeal.
Commercial property sales in LA County spiral down 18%
Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.
CBRE's Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage
Laurie Lustig-Bower and Tim Bower are retiring from CBRE after 33 years in L.A. commercial real estate, celebrating their legacy and looking forward to family time.
LA office leasing hits post-pandemic high, up 27% from a year ago
Leasing activity for offices in Los Angeles is increasing post-pandemic, marking a 27% year-over-year increase in the third quarter.
Commercial property sales in LA County spiral down 18%
Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.
CBRE's Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage
Laurie Lustig-Bower and Tim Bower are retiring from CBRE after 33 years in L.A. commercial real estate, celebrating their legacy and looking forward to family time.
LA office leasing hits post-pandemic high, up 27% from a year ago
Leasing activity for offices in Los Angeles is increasing post-pandemic, marking a 27% year-over-year increase in the third quarter.
Council Post: Unlocking Tenant Satisfaction: The Upside Of Parking Technology
Tenant experience is essential for occupancy and long-term value in commercial real estate, demanding adaptability and technology to meet evolving needs.
The Daily Dirt: Take my building, please
The owner's reluctance to invest in a depreciating property can lead to a stalemate with lenders. Both parties may find the building undesirable.
Council Post: Unlocking Tenant Satisfaction: The Upside Of Parking Technology
Tenant experience is essential for occupancy and long-term value in commercial real estate, demanding adaptability and technology to meet evolving needs.
The Daily Dirt: Take my building, please
The owner's reluctance to invest in a depreciating property can lead to a stalemate with lenders. Both parties may find the building undesirable.
Brookfield taps leasing giant JLL to find tenants for mostly full Manhattan West towers
Brookfield Properties is proactively leasing its office towers despite high occupancy rates, addressing the need for vacant spaces amid a competitive market.
Despite the return-to-office push, loan delinquencies surpassed 10% for the first time in more than a decade
Office loan delinquencies hit 10.35%, the highest since 2012, reflecting broader vulnerabilities in commercial real estate due to economic and work trend changes.
Return-to-office mandates are increasing, but many workers prefer hybrid models and upscale office spaces are still lacking.
Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena
Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.
Cell phone data shows DFW workers returning to office
Dallas-Fort Worth's office return rates are rebounding to nearly pre-pandemic levels, outperforming other Texas markets.
'Adaptive' facilities management can address 'radical changes' in work world: Colliers
Facilities management must adapt to changing work habits and occupier expectations for strategic success.
Despite the return-to-office push, loan delinquencies surpassed 10% for the first time in more than a decade
Office loan delinquencies hit 10.35%, the highest since 2012, reflecting broader vulnerabilities in commercial real estate due to economic and work trend changes.
'Beyond our control': Another restaurant closes at Universal CityWalk
Universal CityWalk has seen multiple closures, including the recent departure of Mini Monster, due to unsuccessful lease negotiations and rising commercial rents.
Fed cuts could turn the tide for commercial real estate. Where to find opportunity
Interest rate cuts by the Fed could signal a recovery for commercial real estate, but investors must proceed with caution.
Commercial property has been in a slump. How lower interest rates could lift it out.
The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.
$1.5 trillion of commercial real estate debt is due next year, and refinancing won't be easy
Landlords face significant refinancing challenges with $1.5 trillion in debt due by next year, particularly in the multifamily sector.
Deteriorating Loans Stress Regional Banks' Office Building Portfolios
U.S. regional banks face pressure in office loan portfolios amid remote work, with potential relief from rate cuts not fully addressing the unique challenges posed.
The commercial real estate recovery is on, but the rebound may be uneven
The Federal Reserve's rate cuts may signal recovery for commercial real estate, boosting deal activity and investor confidence after challenging years.
Commercial Brokerages Cut Staff and Diversify to Stem Losses
Commercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates.
Fed cuts could turn the tide for commercial real estate. Where to find opportunity
Interest rate cuts by the Fed could signal a recovery for commercial real estate, but investors must proceed with caution.
Commercial property has been in a slump. How lower interest rates could lift it out.
The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.
$1.5 trillion of commercial real estate debt is due next year, and refinancing won't be easy
Landlords face significant refinancing challenges with $1.5 trillion in debt due by next year, particularly in the multifamily sector.
Deteriorating Loans Stress Regional Banks' Office Building Portfolios
U.S. regional banks face pressure in office loan portfolios amid remote work, with potential relief from rate cuts not fully addressing the unique challenges posed.
The commercial real estate recovery is on, but the rebound may be uneven
The Federal Reserve's rate cuts may signal recovery for commercial real estate, boosting deal activity and investor confidence after challenging years.
Commercial Brokerages Cut Staff and Diversify to Stem Losses
Commercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates.
An iconic gem of New York City's skyline is the latest victim of the office collapse
The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.
Clipper Equity delinquent on $100M DoBro loan
Clipper Equity faces financial uncertainty with delinquent loan payments on 141 Livingston Street, as major tenants consider exiting before lease expirations.
San Jose approves tax breaks to help fill empty office space
San Jose City Council implements tax relief to attract businesses for vacant office spaces.
Citypoint tower up for sale as owner seeks cut-price deal
Brookfield is selling Citypoint tower for £500m to avoid default on a £460m loan.
AI-backed fashion firm subleases 23K sf in LA's Financial District
Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.
EBay renews downtown Portland office lease
eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.
An iconic gem of New York City's skyline is the latest victim of the office collapse
The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.
Clipper Equity delinquent on $100M DoBro loan
Clipper Equity faces financial uncertainty with delinquent loan payments on 141 Livingston Street, as major tenants consider exiting before lease expirations.
San Jose approves tax breaks to help fill empty office space
San Jose City Council implements tax relief to attract businesses for vacant office spaces.
Citypoint tower up for sale as owner seeks cut-price deal
Brookfield is selling Citypoint tower for £500m to avoid default on a £460m loan.
AI-backed fashion firm subleases 23K sf in LA's Financial District
Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.
EBay renews downtown Portland office lease
eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.
NYC retail leasing shows signs of rebound after COVID carnage
Manhattan's retail leasing market shows signs of recovery, with decreased storefront availability and indications of robust activity across trade areas.
The Daily Dirt: A summer of deadlines for both landlords and developers
Landlords must inform tenants about good cause eviction notices, but no state template has been provided yet.
Increased penalties for unregistered rent-regulated apartments are causing a spike in registration rates.
Upcoming deadlines for developers seeking extensions on government construction incentives are imminent.
America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
Distress in the office sector may lead to fire sales, enabling conversions to apartments and increased housing supply.
Related bags $380M Bronx Terminal Market refi
Related Companies refinanced Bronx Terminal Market with a $380 million deal, replacing a previous nonperforming loan.
The property's 90% lease rate and investment-grade tenants indicate strong market performance.
Why these 2 executives are bullish on commercial real estate - even as they expect banks to flee
DWS aims to become a top five provider of private real estate debt as traditional lenders retreat from the market.
Los Angeles County agrees to buy downtown skyscraper
The county of Los Angeles is tentatively buying the Gas Company Tower for $215 million, a substantial discount from its appraised value of $632 million.
The Daily Dirt: A summer of deadlines for both landlords and developers
Landlords must inform tenants about good cause eviction notices, but no state template has been provided yet.
Increased penalties for unregistered rent-regulated apartments are causing a spike in registration rates.
Upcoming deadlines for developers seeking extensions on government construction incentives are imminent.
America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
Distress in the office sector may lead to fire sales, enabling conversions to apartments and increased housing supply.
Related bags $380M Bronx Terminal Market refi
Related Companies refinanced Bronx Terminal Market with a $380 million deal, replacing a previous nonperforming loan.
The property's 90% lease rate and investment-grade tenants indicate strong market performance.
Why these 2 executives are bullish on commercial real estate - even as they expect banks to flee
DWS aims to become a top five provider of private real estate debt as traditional lenders retreat from the market.
Los Angeles County agrees to buy downtown skyscraper
The county of Los Angeles is tentatively buying the Gas Company Tower for $215 million, a substantial discount from its appraised value of $632 million.
Over 1,500 retailers could see rates bill cut by up to 33 million a year - London Business News | Londonlovesbusiness.com
Business rates for City of London shops could drop by £33 million annually due to a recent tribunal ruling.
The Valuation Tribunal significantly reduced rateable values for retail properties, affecting over 1,500 shops.
Google renews office lease for 200K sf in Irvine
Google renewed its lease for 196,200 square feet in Irvine, marking the largest office lease in Orange County for Q3.
Is R.T.O. Finally a Reality?
New York City's office attendance shows divergent trends, indicating both recovery and ongoing challenges in the post-pandemic era.
Sixth Avenue skyscraper adds 'eagle' nest with signing of indoor golf company
Vornado Realty Trust is enhancing the tenant experience at 1290 Sixth Ave. with amenities reflecting a trend towards work-life balance and leisure integration.
San Jose planning commission recommends approval of Westgate West Costco
Costco's potential new store in San Jose is contentious, balancing economic benefits against local residents' concerns over traffic and noise.
100-plus homes might replace big office building on key San Jose site
More than 100 homes may replace an office building in San Jose, indicating a shift towards housing projects from commercial real estate due to post-pandemic market challenges.
San Jose office buildings flop into default in weak real estate market
Economic challenges persist in the Bay Area office market, with two San Jose buildings facing loan delinquency.
San Jose planning commission recommends approval of Westgate West Costco
Costco's potential new store in San Jose is contentious, balancing economic benefits against local residents' concerns over traffic and noise.
100-plus homes might replace big office building on key San Jose site
More than 100 homes may replace an office building in San Jose, indicating a shift towards housing projects from commercial real estate due to post-pandemic market challenges.
San Jose office buildings flop into default in weak real estate market
Economic challenges persist in the Bay Area office market, with two San Jose buildings facing loan delinquency.
Legacy businesses in SF neighborhood say they're being forced out by billionaire venture capitalist
Billionaire venture capitalist investment threatens longstanding small businesses on Fillmore Street, forcing owners to confront potential eviction and displacement.
Here's why a San Francisco landlord is purposely keeping commercial rents low for businesses
Stable rents and supportive landlords are crucial for the survival of small businesses in San Francisco's Inner Sunset District.
How to Negotiate Rent as a Small Business Owner | Entrepreneur
Rising rent costs and inflation pose significant challenges for small business owners, making lease management increasingly difficult.
Legacy businesses in SF neighborhood say they're being forced out by billionaire venture capitalist
Billionaire venture capitalist investment threatens longstanding small businesses on Fillmore Street, forcing owners to confront potential eviction and displacement.
Here's why a San Francisco landlord is purposely keeping commercial rents low for businesses
Stable rents and supportive landlords are crucial for the survival of small businesses in San Francisco's Inner Sunset District.
How to Negotiate Rent as a Small Business Owner | Entrepreneur
Rising rent costs and inflation pose significant challenges for small business owners, making lease management increasingly difficult.
Scoop: Uptowns' biggest buildings are for sale. Will anyone buy them?
Uptown's commercial real estate market has been severely impacted by violence, crime, and the pandemic, leading to significant vacancies in properties.
From early glory to present challenges: The story of Bank of Hope - Tearsheet
Bank of Hope's merger strategy may not be enough to overcome existing challenges, particularly in light of pandemic-induced difficulties with commercial real estate loans.
Scoop: Uptowns' biggest buildings are for sale. Will anyone buy them?
Uptown's commercial real estate market has been severely impacted by violence, crime, and the pandemic, leading to significant vacancies in properties.
From early glory to present challenges: The story of Bank of Hope - Tearsheet
Bank of Hope's merger strategy may not be enough to overcome existing challenges, particularly in light of pandemic-induced difficulties with commercial real estate loans.
Exclusive Q&A with Mitchell Voss: Innovating in Commercial Real Estate
WindMass Capital focuses on merging economic value with environmental and social impact in real estate.
Bill to limit warehouse development draws industry response
The bill restricting new warehouses in California faces opposition from both property owners and environmental groups, reflecting a complex commercial real estate debate.
Exclusive Q&A with Mitchell Voss: Innovating in Commercial Real Estate
WindMass Capital focuses on merging economic value with environmental and social impact in real estate.
Bill to limit warehouse development draws industry response
The bill restricting new warehouses in California faces opposition from both property owners and environmental groups, reflecting a complex commercial real estate debate.
Christie's, Yeshiva University lead NYC's top office leases
Christie's renewed its headquarters lease, reflecting stability in the NYC commercial real estate market.
A 46-bedroom Texas mansion that nobody wanted sat abandoned for decades. Now, it's a booming commercial building and college campus.
Vacant mansion in Texas transforms into a thriving commercial space for small businesses and educational purposes after years of failed attempts to sell.
Why Kennedy Wilson CEO Bill McMorrow likes construction lending now
Current market distress in real estate presents unique lending opportunities for selective investors like Kennedy Wilson.
Wells Fargo sells most of its commercial mortgage servicing to Trimont
Wells Fargo is selling its commercial mortgage servicing portfolio to Trimont, which will significantly increase Trimont's market presence in the U.S.
The future of security and access control for office spaces
Effective security in commercial real estate is crucial for employee safety and wellbeing.
Physical security must create a sense of safety as well as protect against emerging threats.
Don't expect lower rates to save debt-burdened office buildings
Lenders are facing challenges in commercial real estate as borrowing costs drop, leading to increasing loan provisions and distressed properties.
The Sick Man of Europe
Deutsche Bank faces challenges with a significant provision affecting profits
U.S. Commercial Real Estate Is Headed Toward a Crisis
U.S. commercial banks face increasing risks with overexposure to CRE loans, needing to take proactive steps to prevent potential fallout.
Forbes EQ BrandVoice: The Future Of Work - and Coworking Revenue - Is Increasingly Virtual
Virtual offices can boost profitability beyond traditional square footage revenue.
Office vacancies stay sky-high in downtown San Jose, San Francisco
Downtown San Jose and San Francisco face high office vacancies with minimal improvement in commercial real estate, signaling challenges in the market.
Council Post: The Role Of Technology In Creating Smart And Sustainable Buildings
Remote and hybrid working reduces office environmental impact; sustainability focus shifting with return to full office occupancy.
East Bay sites are grabbed for $100 million-plus in big property deal
Investment group buys Bay Area properties worth over $100 million, showing continued interest from big investors in the commercial real estate market despite challenges.