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Hotel developer buys vacant Tower 180 for $61M, will spend $140M on conversion.

DTLA availability approaches 30% as discretionary leasing stays on sidelines in Q4.

However, levels will continue to rise, offering opportunities for well-financed investors.

This happened while CMBS delinquency rates fell slightly.

Savills sees potentially lower supply and possibly lower vacancy rates by late 2024.

Bank of the Sierra sells 13 central California branches to Blue Owl.

Moves to the Southeast and Southwest continued to lead the way

Maine experienced positive domestic net migration, meaning that more Americans relocated to the state than moved away from it.