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NEW YORK CITY-Insignia/ESG reports that in April the available supply was up 0.5% here while space returned to market yielded negative net absorption. Midtown, Downtown and Midtown South asking rents were $60.78 per sf, $44.32 per sf and $47.10 per sf, respectively.
AUBURN HILLS, MI-Component manufacturer Benteler Automotive is the latest firm to gravitate to a supplier home base in Oakland County, where it will eventually relocate operations now in Grand Rapids and Livonia.
BINGHAM FARMS, MI-Malan Realty says a summary disposition in favor of Anthony S. Gramer was entered in error and intends either to seek a rehearing before the court or to file an appeal with the Michigan Court of Appeals.
WASHINGTON, DC-The National Association of Realtors' mid-year legislative meetings and expo is slated for this week, with a wide array of events on tap. Industry leaders will discuss hot topics impacting the real estate industry.
OAKLAND-One report on San Francisco suggests asking prices for apartments are down 20%. Buildings are still getting multiple offers, but not at full price, according to a regional manager at Marcus and Millichap.
NEW YORK CITY-Paul Cohen, executive vice president of SWBE Inc., tells GlobeSt.com that while certainly a slowdown is apparent, business is still solid and investors are confident in the future of industrial properties.
PLYMOUTH, MN-Retailer Christopher & Banks pays $8.8 million to Prudential Insurance Co. of America for its headquarters building but will continue leasing space into 2005 because of an advantageous sublease deal.
WEST PALM BEACH, FL-The locally based parent of Fidelity Federal Bank & Trust also is showing an 8% increase in ratio of total non-performing loans for the first quarter. West Palm Beach is 67 miles north of Miami.
QUINCY, MA-Massachusetts Heavy Industries' latest financial scheme to gain control of the Fore River Shipyard here is coming under scrutiny. The bankrupt company needs to raise $55 million to be able to get another chance to revive the shipyard.
LONDON-The UK property market will suffer most should the US slide into recession, according to research published this week by Jones Lang LaSalle.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource