LA Leads U.S. In Office-To-Life Sciences Conversion Growth
With ground-up projects so challenging in LA, expensive conversions are on the rise.
With ground-up projects so challenging in LA, expensive conversions are on the rise.
Q3 data from Avison Young showed investors pivoting slowly toward multifamily in NYC, as office loses its shine and retail picks up some of the slack.
Borrowers with loans coming due this year need to act fast to preserve relationships, lender say — but be prepared for the worst with office assets.
Remote work and the housing affordability crisis have combined to drive multifamily and office values apart and reduce the importance of being in the big city.
Construction for 69 Mercer is underway, and its developer and architect plan for it to be the creative center of Lower Manhattan's SoHo art district.
The new heads for Hines' D.C., New York and Boston offices were elevated as the firm looks to grow its multifamily, industrial and mixed-use portfolios.
Korn Ferry is the latest in a string of companies planning to reduce its footprint and headcount at the onset of 2023.
Retail is still the most distressed, followed by office. Even apartments are suffering.
The investment giant also says 65% of its U.S. office buildings, including its full New York and D.C. portfolios, will reach zero emissions by 2024.
Sewall Development showed preliminary renderings to Baltimore's design review panel on Thursday.
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