Browsing: office buildings
Office values will plunge another 25% in ‘worst-hit metros,’ Capital Economics says—and that’s bad news for San Francisco and Seattle
Things may have quieted down in the commercial real-estate world, but offices are not in the clear. After all, interest…
Amid commercial real estate crash, offices are ‘once in a generation’ buying opportunities, top developer says
It’s been 30 years since the commercial real estate market was this bad—and that represents a generational entry point for…
Older office buildings ‘will be stranded,’ says Morgan Stanley: ‘They simply don’t have long-term cash flow growth potential’
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said. Many older…
Chicago mayor announces $1 billion revamp of vacant downtown buildings amid commercial real estate crisis
Chicago Mayor Brandon Johnson is proceeding with a revamp of empty downtown buildings initially estimated at $1 billion in an…
Trump faces huge losses as he flogs commercial real estate properties in the teeth of a brutal market
The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover…
Glassdoor is closing its final remaining offices in Chicago and San Francisco as it goes fully remote
Christian Sutherland-Wong took over as CEO of job-review site Glassdoor in January 2020 after five years in various roles across…
CRE vet who advised on $8 billion of deals says 30% of office buildings are ‘basically worth nothing’ and ‘just have to be torn down’
The demolition phase is coming. As remote work keeps employees out of the office and vacancy rates sit at all-time…
The ‘prophet of urban doom’ says a 1970s-style ‘doom loop’ is here for New York City, and it’s just the first inning of the ballgame
As nicknames go, Columbia Business School professor Stijn Van Nieuwerburgh has a doozy. The gray lady herself, The New York…
“The problems facing most cities pale in comparison to San Francisco,” Capital Economics wrote recently. When the pandemic hit, the…
5 years after getting ousted from WeWork, former CEO Adam Neumann tries to buy his former company out of bankruptcy
Billionaire WeWork cofounder Adam Neumann was forced out as CEO after the coworking startup’s failed IPO in 2019. But with…