Commercial real estate firms are just beginning to grapple with the extent of the damage wrought by Hurricane Ian, reports Bisnow. Fannie Mae named Priscilla Almodovar as CEO, the first woman to head the lending giant. These are among today’s must...
Hurricane Ian could result in as much as $40 billion in property damage, reports The New York Times. Commercial Observer looks at how the Inflation Reduction Act will impact commercial real estate. These are among today’s must reads from around...
As the tropical storm heads north and regains strength, Georgia’s port of Savannah, the largest container port in the Southeast, is allowing ships at anchor to leave toward safer locations, but is closed for new arrivals. Meanwhile, South Carolina...
The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and make some of the decisions that used to be reserved for employees. With wages...
Florida ranks among the most-visited states by both foreign and domestic tourists. Orlando alone welcomed 59.3 million visitors last year. And the state’s tourism industry had been roaring back after two years of pandemic. But Ian, heading...
U.S. apartment construction is on pace to reach a 50-year high, according to data from Yardi Matrix. A new report from Cohen & Steers outlined how the best real estate returns often come after recessions. These are among today’s must reads from...
U.S. home prices cooled at the fastest rate in history in July, according to the S&P CoreLogic Case-Shiller Index. Car dealership sites now offer attractive opportunities for infill development, reports The New York Times. These are among today’s...
Damages and economic loss in the area could reach $60 billion to $70 billion if the current forecast comes to pass, said Chuck Watson, a disaster modeler with Enki Research. That would rank Ian as the sixth-costliest US hurricane, according to...
