A report from the Wall Street Journal. "Signs of stress in New York City’s commercial properties are fueling investor bets that trouble in the nation’s largest real-estate market could spread pain nationwide. 'Distress in financial markets was all about residential…
A report from People Magazine. "San Francisco has seen a massive drop in apartment rental prices, a new report shows. Many other big cities across the country are seeing similar trends. According to Bloomberg, studio rents in Manhattan fell 15…
Two reports from the Wall Street Journal. "Even with recent gains, more jobs have been lost—nearly 11 million—than were cut in the wake of the 2007-09 recession, when 8.7 million were eliminated. Economic production, despite a sharp bounce-back in the…
A report from Bloomberg. "It was considered one of the root causes of the global financial crisis, and regulators have spent over a decade trying to stamp the practice out. Yet Kroll Bond Rating Agency Inc.’s $2 million fine this…
A report from CNBC on California. "Greg Tribulato is having trouble getting buyers interested in two extensively renovated condominiums he’s trying to sell in San Francisco’s Mission district. They’ve been on the market for three months. The one with two…
A weekend topic starting with Bloomberg. "Regional players New York Community Bancorp Inc. and Signature Bank are becoming a case study for potential trouble from a sudden downturn in the Big Apple’s property sector, and their share prices are suffering.…
A weekend topic starting with the Los Angeles Times. "The Luxe Rodeo Drive is the first high-end hotel in the Los Angeles area to go out of business because of the pandemic, and industry experts point to an unusually high…
A report from the Daily Independent in Arizona. "'They were warned. They were warned. They were warned again. There is no satisfaction in being able to say, ‘I told you so,’ said Roland Murphy, an independent commercial real estate market…
A report from Forbes. "A startling number of homeowners struggling to pay their mortgages aren’t sure if they’ll face eviction soon. Some 16% of Americans who responded to the latest Census Bureau Household Pulse Survey—that’s a whopping 1.34 million people…
A report from BU News Service on Massachusetts. "Some property owners leave vacant units rather than bear the costs of lost rent, maintenance, utilities and other bills they may never recoup. 'I’ve put [some units] out of touch for the…