The new space is a reduction from the roughly 800,000 square feet that KPMG currently leases across three towers in Midtown. The firm plans to leave those buildings.
Gothamist looks at how New York City landlords manage to raise rents at regulated apartments by using a gray area in the law. Net lease investment sales are set to surpass last year’s figures. These are among today’s must reads from around the...
Availability was close to 31 million sq. ft. in August 2022, according to real estate data fir CoStar. The last time there was close to this much empty space, office values plunged, causing billions in commercial real estate loans to sour.
Although grocery stores have anchored strip malls for decades, traditional supermarkets and groceries haven’t been a dominant presence at indoor US malls.
A group of Apple workers is pushing back against the company’s recent mandate for employees to return to offices three days a week, reports Insider. Movie theaters are expecting slow business for the fall movie season, according to The Wall Street...
Sun Belt cities are becoming inflation epicenters in the U.S., according to The New York Times. Commercial Property Executive examines whether the industrial boom is ending. These are among today’s must reads from around the commercial real estate...
Shifts in spending behavior—when combined with over-ordering earlier this year—have left the people who manage supply chains with a costly mess. Products that don’t entice shoppers sit unsold in stores and warehouses, taking up valuable space.
Freddie Mac says that 60 percent of residents it surveyed experienced rent hikes in the past year. Target aggressively managing its inventory to reduce excess stock during the second quarter, reports The Wall Street Journal. These are among today...
The Oslo-based fund, the world’s biggest, lost 14.4 percent in the six months through June. At the same time, investments in logistics property helped the fund’s unlisted real-estate holdings gain 7.1 percent, though they account for 3 percent of...
