The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
Category: Real Estate (Commercial)
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Bank Crisis Could Cast Pall Over Commercial Real Estate Market
The New York Times – Business: -
WeWork Reaches a Debt Restructuring Deal With SoftBank
The New York Times – Business:The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
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Colleges Showcase Mass Timber, in Research and on Display
The New York Times – Business:Campuses across the nation are promoting the sustainable construction material as a low-carbon alternative to steel and concrete.
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WeWork in Talks With Investors to Help Restructure Debt
The New York Times – Business:The co-working giant is close to an agreement with SoftBank and others for new money and to restructure its debt.
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Awash in Asphalt, Cities Rethink Their Parking Needs
The New York Times – Business:Local leaders across the nation are overhauling parking requirements for developers, scaling back the minimum number of spots for shopping centers and apartment complexes.
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Amazon Pauses Work on 2nd Headquarters in Virginia
The New York Times – Business:The delay is the latest reminder that the tech industry’s pandemic-fueled boom has slowed and another indicator of how remote work has changed office-space needs.
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Amazon Pauses Work on 2nd Headquarters in Virginia
The New York Times – Business:The company has been struggling with weak growth and has recently expanded its cost-cutting plans.
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In Search for Sustainable Materials, Developers Turn to Hemp
The New York Times – Business:Hemp blocks are costlier than traditional building products, but they help address environmental issues and can shave 20 to 30 percent off a typical construction schedule.
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As Austin’s SoCo District Grows, Is It Losing Its ‘Weird’?
The New York Times – Business:Streets like South Congress Avenue are crucial to retail and hotel chains looking for cachet, real estate experts say, but gentrification can push out local businesses and residents.
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By Adding Apartments, Malls Seek to Bring Shopping Closer to Home
The New York Times – Business:Facing an existential crisis over empty space, owners are trying to fill malls with residences, building on the live-work-play model sought by young adults.
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Ted Lerner, Developer Who Bought and Built the Washington Nationals, Dies at 97
The New York Times – Sports:A billionaire and Washington native, he gave the city its first baseball championship in 95 years, along with 20 million square feet of shopping malls and housing.