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Medical office sector maintains high demand as other commercial real estate sectors struggle


Health care real estate is viewed as a stable asset among investors Despite commercial real estate challenges that started during the pandemic, the medical office sector remains one of the most resilient and a favorite for investors, according to JLL’s Healthcare and Medical Office Perspective report. Absorption has outpaced new supply and occupancy has remained… Read more »

Fed’s Rate Hikes Aren’t Bulldozing Commercial Real Estate— Yet


The Federal Reserve’s announcement of another 0.75 percentage point interest rate increase continues the central bank’s grim war with inflation. Higher rates are doing damage across the economy, which has never stabilized after the Covid-19 shock. But commercial real estate, vital to cities’ economic and fiscal well-being, hasn’t taken a big hit—yet. Ever-higher interest rates… Read more »

Commercial Property Prices are Down 13 Percent Due to Higher Interest Rates


The impact of higher interest rates is beginning to take its toll on commercial real estate prices. Commercial property prices have fallen nearly 13 percent so far this year, according to Green Street’s Commercial Property Price Index in October. The Index reports that commercial real estate prices were down 7.3 percent alone in October. The… Read more »

Commercial Real Estate Rentals Are Heating Up


by Neil A. Dolgin This year has been a challenging one for building owners because of high inflation, rising interest rates and the increasing costs of doing business in New York City.  It’s been an even tougher one for owners of vacant buildings who tried to sell their properties on the high side and waited… Read more »

A radical new ploy to lure Google and other firms to Brooklyn


When apartment landlords have empty units, they lure prospective tenants with cheaper rents and free perks. Office landlords haven’t historically offered such grand concessions to fill vacant square footage — until now. The New York City real-estate developer Rubenstein Partners is willing to offer a nearly 50% discount on rent and more flexible terms than… Read more »

Changes to Supply Chain Will Benefit Commercial Real Estate


Online shopping is now the preferred method for 68% of consumers, which has increased significantly since the beginning of the pandemic. Since the pandemic began, supply chain issues have impacted the eCommerce sector significantly. What does this mean for the commercial real estate industry? Keep reading as we discuss what is causing the changes to… Read more »

Understanding Different Types of CRE Leases


Leasing occupies its own particular corner of commercial real estate landscape, complete with specialized practitioners who represent tenants and landlords big and small. And while it’s the giant-square-footage commercial property transactions with complex clauses that make the headlines, it’s the smaller leases that make up bread-and-butter negotiations. Regardless of size, however, commercial lease agreements generally… Read more »

Pension funds pull back on commercial real estate


The retirement funds are cooling on the sector and limiting new investments in the sector, the Wall Street Journal reported. The shift comes after they poured money into commercial real estate during the first half of the year, capitalizing on a market trying to recover from the wreckage of the pandemic. Retirement funds made $32.6… Read more »

Chicago ramen restaurant Urbanbelly coming to new Williamsburg Market


Chicago-based Cornerstone Restaurant Group, best known for Michael Jordan’s Steak Houses, is set to bring its beloved ramen restaurant Urbanbelly to Williamsburg next month. The new restaurant — an expansion for Urbanbelly, at home in Wicker Park — will be located in the new Williamsburg Market, coming soon to 103 N. Third Street. The Kings… Read more »

Can $50 Million Make a Dull Brooklyn Office Park Cool?


New York City’s most populous borough has many crowd-pleasing attractions: the Brooklyn Bridge, the Brooklyn Botanic Garden, the Brooklyn Nets. Now there’s Brooklyn Commons. It’s better known as the MetroTech Center, a dull and insular back-office hub for financial firms and city agencies in Downtown Brooklyn that many New Yorkers have largely ignored — unless… Read more »

A Housing Crisis Has More Politicians Saying Yes to Developers


For years, elected officials from across the political spectrum in New York City have scored points by attacking a common enemy: Real estate developers. Politicians routinely quashed projects. Some officials argued they were protecting a neighborhood’s character and property values. Others said they were fighting corporate greed. On Friday, a left-leaning City Council member, Julie… Read more »

Commercial Real Estate Is Slowing Down in Q3 2022


After the strong rebound for the U.S. economy in 2021, growth in 2022 has slowed in the face of rising inflation, the household income squeeze, and geopolitical events. While the economy continues to deal with elevated inflation, data shows a slowdown in the growth of commercial real estate. Demand for apartments and office spaces is… Read more »

Finding Good News in NYC Commercial Real Estate


by Neil A. Dolgin After a strong economic rebound for commercial real estate in 2021, data from the National Association of Realtors (NAR) indicates a slowdown in the growth of commercial real estate in 2022 resulting from the effects of the Covid-19 pandemic, rising inflation, higher interest rates, and geopolitical events that have caused a… Read more »

Lenders favor resi projects in big month for outer-borough loans


Kings County reigned in July as lenders pumped billions into outer-borough real estate projects. The month’s 10 biggest loans totaled $1.8 billion, more than five times June’s total, and about twice as much as last July — closely mirroring a similar rebound in Manhattan. Brooklyn captured seven of the month’s 10 largest commercial loans, while… Read more »

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