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New York City REIT's 9 Times Square, one of the four properties for which the REIT has been in breach of covenants.
News

NYC REIT To No Longer Be A REIT Or Focus On NYC

... long-term necessity of New York City real estate, the pace of recovery of the office segment since the COVID outbreak ... plans to "deREIT" and convert its corporate structure to a C corporation for tax purposes, which it expects to take place ...

Jan 04, 2023
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Architecture, building, office, office tower, downtown city, reflection and tower
News

Sensing A Tenant’s Market, Companies Go Looking For Office Space Deals, Report Finds

... especially in primary markets like Manhattan and Washington, D.C., forming part of employers' strategy to attract employees back ... building envelope." Even with a more gradual re-entry pace and potentially more hybrid work schedules than initially expected, ...

Jan 11, 2022
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LA County Multifamily Rent Hits Record High, But Growth Is Slowing
News

LA County Multifamily Rent Hits Record High, But Growth Is Slowing

... in the marketplace,” NAI Capital Managing Director of Research J.C. Casillas told Commercial Observer. “We’re probably not going to ... Realtor.com reported rent growth in September reached its slowest pace since early 2021.  But the lower rental rates haven't ...

Dec 05, 2022
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A rendering of the Muse condo project at 1201 North Royal Street in Alexandria.
News

Alexandria Developers See City's Urban-Suburban Nature As 'Perfect Storm' For Pandemic-Related Shifts

... and have permanent homes there," Flajser said. "Our sales pace at that project has been outstanding." Flajser attributes this strong ... Suites in Old Town Alexandria, plus multiple hotels in D.C.  Flajser said occupancy across Carr's portfolio dropped to ...

Nov 11, 2020
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Bank And Housebuilder Ramp Up 1,000-Homes-Per-Year SFR Venture
News

Bank And Housebuilder Ramp Up 1,000-Homes-Per-Year SFR Venture

... tenancies must have a minimum Energy Performance Certificate rating of C. The homes will feature advances in insulation and double glazing ... . The rising cost of mortgages is expected to see the pace of home sales slow as buying a house becomes more ...

Oct 31, 2022
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'Whistling Emoji': Economists React To The June Jobs Report On Twitter
News

'Whistling Emoji': Economists React To The June Jobs Report On Twitter

... three months comes in at 567k. At that pace, we will likely get down to 4% ... pre-crisis trend in 2 years. That pace of progress would blow the last recovery ... & Latino women still higher than for all women. — C. Nicole Mason, PhD (@cnicolemason) July 2, 2021   ...

Jul 02, 2021
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apartments
News

Controversial New Law Opens Door To More Residential Development In California

... of zoning, for retail or office development,” said Charles “C.J.” Higley, a partner with Northern California law firm Farella ... said.  “Because local jurisdictions have so routinely failed to keep pace with California’s growth over the years, we now find ...

Oct 19, 2022
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Men working a construction job
News

Practical Approaches Help Experienced Brands Navigate The Labor And Materials Shortage

... will need to hire 650,000 workers to stay on pace with the demand this year. This puts foremen and other ... , healthcare, real estate and other industries in the Washington, D.C., and Baltimore areas for over 25 years.  Bisnow spoke with ...

Oct 06, 2022
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REPORT: National Retail Availability Hits Lowest Level Since Great Recession
News

REPORT: National Retail Availability Hits Lowest Level Since Great Recession

... than they have in more than 10 years as the pace of new construction hits record lows and retail demolition speeds ... to JPMorgan Chase's midyear outlook. While Class-B and C malls continue to wallow, they are becoming prime candidates for ...

Aug 23, 2022
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A rendering of the Boston Properties development in Kendall Square where AstraZeneca signed a 570K SF lease.
News

Boston Properties Posts Best Leasing Quarter Since 2019 But Sees Headwinds Coming

... shifted from return to work and space utilization to the pace of job growth and job reduction," BXP President Douglas Linde ... office portfolio includes holdings in the Boston, New York, D.C., San Francisco, Los Angeles and Seattle markets.  "East Coast ...

Jul 27, 2022
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