Barry Sternlicht says the loss of office values in recent years is in the trillions of dollars. The Starwood Capital Group head recently spoke of the “existential crisis” facing the American office ...
From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite. The bonanza pushed up ...
Things may have quieted down in the commercial real estate world, but offices are not in the clear. After all, interest rates are still high and remote work has mostly prevailed. And for those areas ...
Office buildings finally started trading hands this year after a long dry spell brought on by elevated interest rates and a gaping gulch between buyer and seller price expectations. While thousands of ...
For decades, a four-story brick building in the Glenforest neighborhood of Raleigh, North Carolina, served as a call center for AT&T. But next month, it will open as a self-storage facility for people ...
We’ve gradually seen more people return to the office since the remote-work norm of the pandemic, and now the winning and losing cities are becoming clearer. Capital Economics tackled the issue of ...
Billionaire Starwood CEO Barry Sternlicht sees losses on office properties hitting $1 trillion, per Bloomberg. The billionaire slammed the Fed for leaving a "serious mess" in the real estate market.
Plummeting commercial real estate values prompted by the shift to remote work are causing a trickle-down financial crunch on cities, schools, park districts and other public operations that depend on ...
While overall property values in Hamilton County soared in 2023, the value of many of Downtown's most prominent office towers headed in the opposite direction. From 2020 to 2023, eight of the 10 most ...