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Apartment construction has fallen nearly 30% in Chicago so far this year after a spree of new development between 2020 and 2022.
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$7.8B worth of fixed-rate CMBS loans on offices will mature this year, and Moody’s Analytics suggests about 84% of them will face challenges refinancing.
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HUD has announced a huge pool of funding for owners to provide green retrofits and resiliency to multifamily properties.
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Numbers from SL Green’s 2023 Q1 report offer little hope for office investors, with occupancy and rents down as debt levels rise.
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The company is one of many in the multifamily sector dealing with rising costs on floating-rate loans.
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The hotel once hosted celebrities including The Beatles, The Who and Richard Nixon.
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Soho Properties said it is close to securing a $170M loan that would provide a financial lifeline.
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Michael Bjes talks about sustainable real estate development and how mass timber can play a big part in achieving sustainable development goals.
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The Franciscan Monastery of St. Clare, an 87-year-old monastery in Jamaica Plain, will be redeveloped into 20 rental apartments and mixed-use space.
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A total of 1.5M SF in office leases were signed in Manhattan in April, a 44% year-over-year decline.
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