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Apartment buildings in New York City
News

New York City Apartment Rents Drop Again Following Historic Highs

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 ...

Nov 09, 2023
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The Holland Cos. proposed a 125K SF redevelopment of the Franciscan Monastery of St. Clare in Jamaica Plain.
News

Developer Plans To Redevelop Historic Jamaica Plain Monastery Into Multifamily

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 ...

May 23, 2023
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US Federal Reserve
News

Regional Banks Seen As Vulnerable In Wake Of Historic Failures

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 ...

Mar 13, 2023
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Confusion
News

What The Historic Collapses Of SVB, Signature Bank Mean For Commercial Real Estate Investors

“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 ...

Mar 13, 2023
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Brian Frosh Karl Racine
News

D.C. Landlords To Pay $10M, Cease Operations In Historic Voucher Discrimination Settlement

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 ...

Oct 20, 2022
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After Historic Run-Up, Multifamily Construction Set To Slow
News

After Historic Run-Up, Multifamily Construction Set To Slow

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 ...

Sep 21, 2022
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Inflation-Wary Investors Flock To Infrastructure Funds Amid Historic Shifts In Price
News

Inflation-Wary Investors Flock To Infrastructure Funds Amid Historic Shifts In Price

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 ...

Aug 16, 2022
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Office Owners Tapped Out As Historic Drought Spurs Water-Reduction Needs
News

Office Owners Tapped Out As Historic Drought Spurs Water-Reduction Needs

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 ...

Jun 10, 2022
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Reston Station Wiehle-Reston East Comstock
News

Northern Virginia Office Owners Searching For Solutions To Historic Vacancy Rate

“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 ...

May 02, 2022
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Water tower
News

Small Towns, Big Growth: A Commitment To Local Businesses, Historic Downtown Drove The Meteoric Rise Of Celina

... ’s focus to recruiting small businesses, especially in Celina’s historic downtown area. “We have concentrated completely on the small businesses ...

Apr 13, 2022
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