Barry Sternlicht says the loss of office values in recent years is in the trillions of dollars. The Starwood Capital Group head recently spoke of the “existential crisis” facing the American office ...
The shakeout in the $20 trillion US commercial real estate market has long been delayed for a simple reason: No one could figure out just how much properties were worth. And, more crucially, few ...
From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite. The bonanza pushed up ...
Things may have quieted down in the commercial real estate world, but offices are not in the clear. After all, interest rates are still high and remote work has mostly prevailed. And for those areas ...
For decades, a four-story brick building in the Glenforest neighborhood of Raleigh, North Carolina, served as a call center for AT&T. But next month, it will open as a self-storage facility for people ...
Many office buildings in D.C. are now worth no more than the land they sit on. The values of older commercial buildings in D.C. have been falling over the last few years as the pandemic-induced remote ...