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.
Category: Real Estate (Commercial)
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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.
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Adam Neumann Gives Up on Buying Back WeWork
The co-founder of the shared-office company, who stepped down under pressure before the firm went bankrupt, announced an audacious takeover bid earlier this year.
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Business-First Hong Kong Now Comes With a Catch: Beijing Politics
The city, promised some autonomy by China, is trying to move on from a security law imposed by Beijing. Companies are learning that’s not always possible.
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Zack Norman, Actor Who Juggled Multiple Professions, Dies at 83
Best known for movies like “Romancing the Stone,” he also made a mark as a producer, a real estate developer and the butt of a Generation X-friendly television gag.
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China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.
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Businesses in D.C. Blame the Government for the District’s Empty Offices
Workers in Washington have returned to the office slowly, with a pervasive and pronounced effect on the local economy.
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Macy’s Reports Another Drop in Sales
The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.
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Priced Out of Housing, Communities Take Development Into Their Own Hands
Across the country, neighborhood groups are uniting to fund mixed-use developments that meet housing and business demands, giving locals a place to live, work and learn new skills.