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Housing Is Turning Out to Be a Lousy Shelter for Investors
Apartments have been the second-worst performing type of real estate in the U.S. after offices over the past year. Source link
America Has Too Much Parking. Really.
Many cities are getting rid of spaces, freeing land for new development. “People are looking for a place to live, not to park,” said a
Extra Space Storage to Combine With Life Storage in $12.7 Billion Deal
Markets Deals A deal would create the largest storage-facility operator in the U.S. by number of locations Source link
Miami Developers Court New York Restaurateur to Help Sell Luxury Condos
Since the pandemic, more landlords have facilitated new high-end eateries. Source link
China’s Smaller Cities Struggle to Unload Empty Apartments
World Asia China Around a third of all newly completed apartments in the country went unsold in 2022 Source link
Extra Space Storage to Combine With Life Storage in $12.7 Billion Deal
WSJ News Exclusive Deals A deal would create the largest storage-facility operator in the U.S. by number of locations Source link
Warehouses Find Insulation From U.S. Banking Crisis
Tight capacity, high leasing rates offer guardrails for industrial real estate, executives say. Source link
Billions in Signature Bank Debt to Be Sold by Newmark
FDIC to tap the real-estate firm to market about $60 billion in the failed lender’s loans, adding pressure the commercial property market. Source link
How the Bank Mess Can Hit Home Buyers
Lenders probably aren’t going to be buying many mortgage bonds, which could put upward pressure on mortgage rates. Source link
Flexible Leases Let New York Renters Live the High Life
The owners of New York private members club Fasano Fifth Avenue opened in spring 2021 with 12 fully furnished luxury rental residences on Manhattan’s Upper