Since it passed last month, the real estate industry has been overwhelmingly positive about the ambiguously named Inflation Reduction Act, or the IRA. The...
There seem to be completely opposite realities right now. No, I am not talking about the political divide, I am talking about the sentiment...
The most valuable part about the Empire State Building isn’t necessarily any of the 2.7 million square feet of office space. As valuable as offices are in one of the world’s most famous buildings, the most valuable space may just be the observation deck atop the 92-year-old skyscraper. Empire State Realty Trust (ESRT), the commercial REIT that owns the 102-story...
Now that COVID-19 restrictions have eased, students restless from online classes are eager to jump back into the classroom full-time, and college administrators couldn’t...
The Houston-based real estate firm Hines has developed, redeveloped, or acquired more than 511 million square feet of space in its 65-year history, and...
Buried within the 730-page Inflation Reduction Act that Congress recently passed is a dizzying array of proposals that directly and indirectly impact the commercial real estate sector. It also includes corporate tax reform, a huge expansion of the IRS, efforts to lower cost of prescription drugs, and energy initiatives. For that last piece, the bill authorizes $369 billion in spending...
Economic conditions in the first half of 2022 were rough. Amid continued high inflation, rising interest rates, and a slowing economy, the S&P fell...
The promises behind this vertical metropolis, pointedly called “The Line,” are just as glossy as the mirror coating that will envelop it. The Crown...
Nearly three years after a very public implosion that resulted in a failed IPO and the ousting of the company’s co-founder and CEO, WeWork is grinding its way toward profitability. The 14-year-old company still has brand name power and is one of the largest co-working companies in the world in terms of square footage and locations. But it has struggled...
Singapore Wealth Fund, U.S. REIT Splurge on Suburban Office Properties
GIC, Workspace Realty Trust buy majority stakes in 53 buildings
A foreign wealth fund and a U.S. partner cast a billion-dollar wager on suburbs as the future of offices. Singapore’s GIC and Workspace Realty...
Commercial real estate has always been an easy bet for investors. Performance is predictable, and a good commercial building’s low-risk profile can help diversify...
If you’re confused about what affordable housing actually is, you’re not alone. The concept has been cleaved in political discourse so much that “affordable housing” has been frequently misinterpreted and obscured by many of the same myths as other social policies intended to assist low-income and vulnerable groups. To put it plainly, the federal government defines affordable housing as any...
