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Plunge in leasing activity corresponds to withdrawal of VC funding, surge in layoffs.
NYC's largest office landlord—and maybe casino owner—has inked 343K SF in leases.
Investor redemption requests continue despite limit on payouts, BREIT earnings plunge 42%.
Despite second-half drop-off, 2022 transactions totaled nearly $15B.
San Jose, Austin, Phoenix, San Diego to see prices dive 25% from their 2022 peaks.
The total is 30% higher than last year and some lenders are balking at extensions.
Eight-year plan calls for rezoning for half of total be done by 2026.
Vacancy at 2%, nearly 12M SF of absorption, solid rent growth in 2022.
The ownership group aims to recapitalize 62 properties encompassing 1,700 apartments.
Leasing velocity surged 106% in Q4 as Class A asking rents near $30/SF.