"We are starting to see a slowdown in the industrial sector, and that is true across the U.S.," Newmark Research Director Elizabeth Berthelette said. "Whereas maybe office or life science, we started to see these corrections earlier in the cycle, we’re ...
It is an incident that’s seared into Billman’s memory. His firm owns several 1960s and 1970s-era office buildings downtown, and he told Bisnow the moment illustrated similar concerns he has heard from tenants over the past year as D.C. has seen a spike in ...
The past year has been a rough one for a number of asset classes, brokers at a CBRE press luncheon said Tuesday. Houston’s office market saw record-high vacancy in 2023, as newer product leased up but obsolete office space languished. Multifamily had no ...
Investors based outside the U.S. accounted for just 3.4% of U.S. property acquisitions in the three months ending in September 2023, according to MSCI Real Assets data provided to Bisnow, the lowest share since December 2008. After spending more than $15B ...
The 101K SF tower, known colloquially as the Bob Simpson Building, is one of the city’s first skyscrapers and was designed in the early 1900s for First National Bank of Fort Worth. Icon bought the property from XTO last spring. The conversion is slated ...
New York City renters got some relief in October, as median rents dropped for the fourth straight month while still hovering well above pre-pandemic levels. The median price on a Manhattan rental hit $4,195 in October, down by 3.6% from September prices ...
The monastery was built in 1936 and has been the home of the Poor Clare Nuns ever since. But in the last couple of decades, dealing with the building's maintenance, including the removal of asbestos, has led the sisters to finally sell the property and ...
SVB had about $2.6B of CRE loans on its books, according to regulatory filings. Signature Bank was even more active — it was the third-biggest lender to New York City commercial real estate and had nearly $36B of commercial property loans on its books at ...
“There were already two things going against the real estate community — higher interest rates and lower valuations,” said Anchin Block & Anchin partner Robert Gilman, co-leader of the accounting firm's real estate group. “Now there's this, which is going ...
A trio of related D.C. real estate firms will be required to pay $10M in what Attorney General Karl Racine said is the largest penalty in a housing discrimination case in U.S. history. Racine's office announced the $10M settlement Thursday with three ...
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