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 ...
Multifamily construction starts spiked in August by 28% compared with July, to an annualized rate of 640,000 units, as part of a larger growth in residential starts, according to Census Bureau data. The multifamily start rate is the highest since April ...
Interest by private equity firms in public infrastructure is expected to grow as investors look for safe havens from price volatility. Assets such as utilities, toll roads and ports are highly valuable during inflationary periods because cost increases ...
In recent years, as the severity of California’s droughts has worsened, property owners have implemented new technology and initiatives to reduce their water usage, sometimes at the behest of state or local governments. But now, the low-hanging fruit has ...
“The commodity space that is leased quickly for us is the space that is broken up into spec suites,” Tim Steffan, Comstock’s executive vice president of asset management, leasing and development, said at Bisnow’s Future of Reston and Herndon event on ...
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