CRE Wire

The current renewal rate at Equity Residential’s NYC buildings is around 60 percent, down five percentage points from the beginning of the year.

The program, known as Chapter 313, provides property tax breaks for as long as 10 years in exchange for business investments.

Fitch will begin to score the building sector on climate change vulnerability, reports Commercial Observer. Macy’s still sees a future in large-format stores, according to GlobeSt.com. These are among today’s must reads from around the commercial...

The first thing to know is that every time there is a rapid increase in rates, something “breaks” in the economy, causing a lot of stress and slowing growth.

The comments follow a chaotic Easter break that saw understaffed airports and airlines swamped by large volumes.

Simon Property Group and Brookfield have made a bid to buy Kohl’s for $8.6 billion, reports the New York Post. Blackstone has agreed to buy PS Business Parks for $7.6 billion. These are among today’s must reads from around the commercial real...

Investment Management Corp. of Ontario wants to form partnerships with leading investors in every asset class and shift more of its portfolio to private assets over time.

The vacancy rate for space in the city’s warehouses has fallen below 1 percent, according to Altus Group Ltd., and land is hard to find.

Transit crime is one of the factors preventing U.S. cities from returning to prepandemic normal, reports The New York Times. The Real Deal looks at whether rent control is responsible for the shrinking number of apartment rentals in Portland...

A collapse in nominal rents would have been far worse because prices for some goods and services are often sticky on the downside.