By Erik Sherman Since partway into the pandemic, distress has been a, well, distressing topic. People expected it immediately but then values, prices, and rent growth grew at historically high paces. Then came inflation and, eventually, interest rate jumps that put many properties into a questionable ability to gain refinancing. In a report on May 2023 […]
by : Austen Hufford A crash in office values could start a doom loop with banks, with falling prices leading to less finance and thus lower prices. Gloomsters think that could spread across the multitrillion-dollar commercial real-estate sector, sucking money out of the economy as banks and institutional investors turn more cautious, James Mackintosh reports. Mori Trust […]
By Andy Medici – Senior Reporter If CEOs want employees back in the office, they need to think beyond productivity alone. That’s according to Annie Dean, vice president of team anywhere at software tool company Atlassian, who said productivity-focused company mandates to bring workers back to the office remain a tough sell to workers who have now […]
By: Emily Fu Hines has completed the demolition phase to commence construction on Chelsea Point, a strategic industrial development site in Chelsea, Massachusetts. Located at 250 Marginal Street, the 146,409-square-foot Class A facility will feature a 36-foot clear height and flexible design for single or multi-tenant uses. Construction is expected to be finished in […]
By Abha Bhattarai Business has been so slow at the Corner Bar & Diner that many nights, owner Serena Rice closes her New Underwood, S.D., watering hole at 8 p.m., six hours early. Fewer people are stopping in — and when they do, they’re ordering $3 well whiskeys instead of their usual $5 pours of Crown […]
Hugh F. Kelly For the past couple of years, we have all been urged to “follow the science” in making decisions in a variety of areas of human behavior, from public health to public policy, as though scientific understanding provided a unique and unambiguous guide to what we ought to do. I have argued for […]
By Erik Sherman Along with bank liquidity issues, CMBS delinquencies are an important sign of CRE health. Possibly more so because they show not just trouble on the horizon but already in the rear-view mirror. A new Trepp analysis suggests that sometime in May, the red flags were starting to unfurl. The CMBS delinquency rate jumped […]
By Andy Medici – Senior Reporter, The Playbook, The Business Journals Small-business loans are becoming both harder to get and more expensive — and that combination is expected to get worse. While we previously have written about the tightening credit market — driven in part by the Federal Reserve’s sustained interest rate increases over the last year — […]
The delinquency rate on office building-related mortgage bonds spiked in May, per a report from Trepp, Emily writes. The big picture: Investors have been watching for this to happen since last summer — and May’s move may represent a “tipping point,” the data provider said in a note. State of play: The office space market is in a tough spot […]
Daphne HowlandSenior Reporter After years of marking Pride Month each June, Target in 2023 may have had one of mass-market retail’s boldest efforts yet celebrating the LGBTQ+ community. But amid a backlash to its Pride merchandising, including attacks at some stores, Pride Month commenced at Target with what many see as timidity. Before the commemorative month […]
