Architects describe their process for converting business buildings into residences with higher ceilings and more light. Four architects who had worked on these buildings spoke with Insider. They claimed that in order to make a cubicle farm or conference room habitable, a number of problems needed to be solved, such as broken, inadequately insulated windows and the shadowy interior of a skyscraper. (Insider)
By year's end, $2B in maturities will be due, and owners of senior housing will face dwindling demand.
The ageing population is still expected to increase, but senior housing isn't progressing as quickly as industry developers had hoped in the late 2010s. (Bisnow)
Commercial real estate adjusts to the challenging lending environment "The transaction is significant for the real estate market, which typically sputters to a halt in August as dealmakers depart for their preferred vacation locations.
The Fed's interest rate increases have put the brakes on activity, making the dog days even more lax this year. (The True Story)
Buildings Must Go Green Now That They Are Vacate "If their landlords fail to fulfil the city's emissions standards between 2030 and 2034, the fines for the same buildings could increase to $214 million, according to the Journal's estimate. According to the Real Estate Board of New York and engineering consulting firm Level Infrastructure, more than 13,000 properties might be subject to fines totaling $1.2 billion.
Data analytics company Preqin believes that there is currently more than $205 billion in dry powder ready to pounce on distressed CRE assets in the US. In the meantime, CRE prices are approaching bargain cellar levels as valuations decline: according to Green Street statistics, prices have decreased across all sectors by an average of 16% since their peaks in March 2022.
Office buildings that aren't in use can help cities get better. Three years have passed since the Covid-19 epidemic caused many people to start working from home, but the practise has persisted even as other facets of society have restored to their pre-pandemic state. As a result, numerous office buildings in cities have remained vacant, leaving city planners frustrated.
Why we should all suddenly adopt a Florida perspective As climate change intensifies, the rest of the nation will witness long-held beliefs disintegrate as neighbouring towns are impacted by catastrophic natural disasters, prohibitively expensive insurance, stranded real estate, and other issues Florida is currently dealing with. via The Washington Post
Real Estate Reset in San Francisco Is Already Underway "However, those strategies did not alter the fundamental calculations that have resulted in years of forecasted shortages that are projected to increase to $1 billion by 2026. Moreover, the statistics are increasingly displaying signs of stress.
New regulations will make life harder for hosts, and some may have their listings completely banned, according to the NYC Airbnb reckoning. The city will start enforcing a 2022 rule that mandates that hosts on Airbnb, Vrbo, and other short-term rental platforms register with the city on September
5. New regulations will apply to hosts, including a restriction on whole-unit rentals, a requirement to stay in-unit with guests, and a limit of two visitors per reservation. (Insider)
Equity crowdfunding, hedge funds Filing a case in a conservative federal appeals court claims that the SEC exceeded its legal bounds when it finalised the regulations last week. The Managed Funds Association, American Investment Council, National Venture Capital Association, and the National Association of Securities Dealers are among the plaintiffs.
A lady who worked for a real estate company in California for 25 years is suspected of embezzling more than $1 million from the business, according to a pair who are accused of doing it in Del Mar.
Due to a lack of resources, the alternative real estate trading platform IPSX has begun to wind down. According to a platform spokesperson, the company no longer has "sufficient financial resources to operate as a Recognised Investment Exchange."
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