Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.
Category: Real Estate (Commercial)
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Trump Organization Signs Contract for New Middle East Tower
The residential high-rise tower in Jeddah is the latest of several developments that the former president’s company has planned for the Middle East.
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Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending
The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame.
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Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
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Luxury Gyms, Like Equinox and Life Time, Are Taking Over Big Retail Spaces
High-end gyms, many of which used to be an amenity, are now the star attraction, offering hotel rooms and workspaces as part of their appeal. They’ve also gotten a lot bigger.
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Coming to a City Near You: A Cricket Stadium?
Backers of the sport are negotiating leases and approvals for venues across the United States.
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Disney and DeSantis Reach Agreement, Ending Protracted Fight
The deal locks in a 15-year expansion plan for Disney World and clears a path for Disney to restart political donations in Florida.
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For Some Investors, Aging and Empty Office Buildings Aren’t a Bad Thing
Bargain hunters are getting office buildings at steep discounts, a sign of the pain in the real estate market.
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What Retail Apocalypse? Shopping Centers Are Making a Comeback.
Vacancy is the lowest it has been in two decades, at 5.4 percent, according to a recent report. The properties are thriving even as retailers like Macy’s and Express shutter many stores.
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Guess Who’s Angry at China’s Real Estate Bailout: Homeowners
China has relaxed or eliminated measures on home buying to spur new purchases. This has made a vocal constituency of existing homeowners very unhappy.
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Institute of Contemporary Art, Los Angeles Plans an Upgrade
The downtown museum will purchase its building, incorporate artist residencies and add a cafe that will have a collaborative twist.