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
Tech firms such as Meta, Amazon, Salesforce and Google are offloading office space and letting leases expire. Continue reading
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
WeWork’s United States and Canada operations lost $122 million in February alone, according to bankruptcy filings. Continue reading
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 office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter. Continue reading
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
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
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
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
Landlords are confronting the fact that their commercial real estate holdings are becoming increasingly obsolete. Continue reading