The company is exercising its option to terminate its lease at 225 Park Ave. South in Manhattan.

As more homebuyers step away from the market due to rising mortgage rates, home builders are selling new homes to SFR investors in bulk, reports The Wall Street Journal. Asset managers continue to own large office portfolios, according to Pensions...

Officials looking to issue debt to rebuild and also bolster infrastructure against the risk of increasingly severe weather will be doing so during a brutal juncture for the bond market: ten-year benchmark municipal yields are near the highest...

The values of New York office properties declined nearly 45 percent in 2020 and are forecast to remain roughly 39 percent below pre-pandemic levels due to the persistence of flexible work policies, according to a new study from the National Bureau...

Commercial real estate firms are just beginning to grapple with the extent of the damage wrought by Hurricane Ian, reports Bisnow. Fannie Mae named Priscilla Almodovar as CEO, the first woman to head the lending giant. These are among today’s must...

Bets are growing that authorities will take more action to stem a property slump ahead of the twice-a-decade Communist Party congress mid-October.

Concerns are also growing that liquidity is draining out of the world financial system as interest-rate swaps fluctuate wildly.

Hurricane Ian could result in as much as $40 billion in property damage, reports The New York Times. Commercial Observer looks at how the Inflation Reduction Act will impact commercial real estate. These are among today’s must reads from around...

As the tropical storm heads north and regains strength, Georgia’s port of Savannah, the largest container port in the Southeast, is allowing ships at anchor to leave toward safer locations, but is closed for new arrivals. Meanwhile, South Carolina...

The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and make some of the decisions that used to be reserved for employees. With wages...