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Chicago Firm Nearly Tops List Of Unpaid Creditors As WeWork Bankruptcy Unfolds
The Alter Group is WeWork's second-largest creditor, according to its bankruptcy petition filed this week.
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The Alter Group is WeWork's second-largest creditor, according to its bankruptcy petition filed this week.
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At least 12 of the nation's largest casual chains are planning to cut their real estate portfolios this year, leaving behind a slew of vacant buildings.
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The unofficial canvass shows Fort Worth falling far behind the DFW metro average of 4.6% retail vacancy.
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Ongoing layoffs and a reluctance to return to the office have pushed vacancy higher in San Francisco.
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Not a single investor surveyed said they plan to decrease data center allocations in 2024.
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A loan backing 10 Silicon Valley mixed-use properties defaulted in June.
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Building owners could convert up to 2.5M SF of office to alternative uses, knocking out 6.7% of current inventory from the Class-A office market.
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Impacts of the Fed's recent interest rate cut won't likely be felt by San Francisco office investors until next year.
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Landsec is set to divest a £400M hotel portfolio, Gordon Ramsay signs at 22 Bishopsgate, and Lawrence Hutchings to join Workspace Group.
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The state saw 24,500 new residents between 2020 and 2023 exacerbated by work-from-home initiatives and migration trends.
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