Faith in NYCB restored, but worries about some regional banks remain
Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain
by Matt Carter May 1
Distress in office sector climbs to 12-year high, new report says
$38B in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment
by Taylor Anderson Apr 30
Coldwell Banker icon Ralph Burnet receives final farewell
Coldwell Banker icon Ralph Burnet died on March 19, after a lengthy battle against kidney disease. Longtime friend and colleague Matt Baker reflects on his legacy
by Marian McPherson Apr 30
Big Tech loses its appetite for office space, adding to landlord woes
Tech firms such as Meta, Amazon, Salesforce, and Google are offloading office space and letting commercial leases expire
by Ben Verde Apr 16
Apartment stocks surge following $10B Blackstone bet
The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by recent acquisition AIR Communities
by Ben Verde Apr 10
Blackstone ramps up activity with $10B multifamily acquisition
The acquisition of AIR Communities marks Blackstone's largest in the multifamily sector. It shows a bullishness in rentals and a mentality that the commercial market may be bottoming out
Troubled WeWork projects savings of $8B through restructured leases
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
by Ben Verde Apr 3
Bankrupt WeWork struggles to control losses, renegotiate leases
WeWork's United States and Canada operations lost $122M in February alone, according to bankruptcy filings
by Ben Verde Apr 2
Hilton heads back to campus with $210M Graduate Hotels acquisition
Hilton Worldwide Holdings has agreed to pay $210M for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns
by Ben Verde Mar 14
Loans for commercial and multifamily buildings fell 25% in Q4
Loans for office buildings specifically dropped 68% year over year and 32% quarter over quarter as investors remained wary about the risk-heavy sectors and interest rates remained high
by Ben Verde Feb 13
Office space fallout raises more questions about regional banks
Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector
by Ben Verde Feb 9
Flagstar mortgages could help NYCB shore up its balance sheet
Troubled New York Community Bancorp is reportedly ready to pledge about $5B in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital
by Matt Carter Feb 8
Adam Neumann makes grand play to take back struggling WeWork
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor
by Ben Verde Feb 6
Banks from Tokyo to NYC feel the pain as US office market takes a hit
Tokyo's Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren't over yet
by Ben Verde Feb 1
Illinois Realtors raises $1M war chest to fight Chicago tax hike
Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight
by Taylor Anderson Jan 31