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Homeowners Don't Want to Sell, So Home Builders Are Booming
High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was
Prologis Boosts Outlook on Record Quarterly Earnings
The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters. Source link
Record Miami Land Sale Collapses Amid Slowdown
Even the hot Miami commercial real-estate market is being slowed by high interest rates and tight credit. Source link
Want to Live in London? Write Your Future Landlord a Love Letter
Renters in the hot market audition with personal statements—including boasts about 5K races—to win over owners. It’s “a dance.” Source link
The Luxury Tower Built for New York's Elite Still Sits Half Empty
Related Companies has struggled to unload its most expensive units at 35 Hudson Yards. Now the developer is offering deep discounts. Source link
London's Canary Wharf Takes Brunt of Real-Estate Pain
Empty offices, remote working and corporate tenants fleeing to buzzier parts of the U.K. capital are all hitting the 30-year-old business district. Source link
Sam Altman-Backed Nuclear Startup Is Going Public Through Altman's SPAC
Oklo, which is developing a small modular nuclear reactor, is valued at around $850 million. Source link
Manhattan Luxury Real-Estate Market Heats Up
New York City’s luxury residential market is gaining momentum, another sign that pockets of the U.S. housing market are stirring to life despite high interest
Facing a Battle for Armored Steel, This Tank Maker Bought the Factory
Defense firms’ ability to secure steady and timely supplies of armored steel and other specialty metals is crucial to the West’s race to rearm. Source
Home-Builder Stocks Are Booming as Homeowners Stay Put
The top three publicly traded builders have seen their share of new-home sales rise from 22% to 31% over roughly the past five years. Source