Big Tech loses its appetite for office space, adding to landlords woes

Tech firms such as Meta, Amazon, Salesforce and Google are offloading office space and letting leases expire. Continue reading

Troubled WeWork projects savings of $8B through restructured leases

The bankrupt provider of co-working spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday. Continue reading

Hilton heads back to campus with $210M Graduate Hotels acquisition

Hilton Worldwide Holdings has agreed to pay $210 million for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns. Continue reading

Loans for commercial and multifamily buildings fell 25% in Q4

Loans for office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter.  Continue reading

Office space fallout raises more questions about regional banks

Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector. Continue reading

Adam Neumann makes grand play to take back struggling WeWork

In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann’s latest real estate endeavor. Continue reading

Banks from Tokyo to NYC feel the pain as US office market takes a hit

Tokyo’s Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren’t over yet. Continue reading

Commercial deals offer a new post-Sitzer compensation model

Want to get paid? Start studying up on how U.S. commercial commissions are negotiated. That’s where the residential side of real estate is headed, four experts argued at Inman Connect New York. Continue reading