Office Vacancies In Los Angeles Threaten Properties' Viability, New Report Says
Foreclosures will happen, but with lenders unwilling to take on these assets, many buildings will likely get temporary reprieves.
Foreclosures will happen, but with lenders unwilling to take on these assets, many buildings will likely get temporary reprieves.
The nationwide office vacancy rate is expected to continue climbing for the rest of this decade and into the next.
Sixty percent of leasing activity in greater LA was made up of new leases last quarter.
The 12-story building is set to be converted into 228 apartments.
Dallas-based Novel Office bought 3555 Timmons, a 14-story Class-A office building near Greenway Plaza.
The REIT reached deals to sell off four retail properties as it works to raise cash and stabilize its balance sheet.
Companies have announced new in-office policies for 1.7 U.S. million employees since the beginning of the year, but foot traffic hasn't matched up.
Office Properties Income Trust said the merger will reduce its exposure to the weakened office market.
The $134M loan on Denver’s famed Republic Plaza has become delinquent in the latest sign that Colorado’s office market is still struggling.
Through M&A and other strategies, office REITs aren't going to be what they used to be.
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