If anyone is looking to lease office space in Manhattan, there is no shortage of choices – two new data reports point to historically high vacancy rates in the heart of the Big Apple. Data from Colliers determined the borough’s office availability rate in the first...
U.S. Rep. Adam Schiff (D-CA) has introduced the Government Facilities to Affordable Housing Conversion Act, a new bill designed to support the conversion of unused and underutilized federal, state, and local government-owned buildings into affordable housing units. If...
The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by 4 basis points to 4.67% in March, according to new data from Trepp LLC. Year over year, the overall CMBS delinquency rate is up 158 basis points from 3.09%. The percentage of loans that...
The California Dream for All program, a loan application for first-time home buyers, will allocate $250 million its second annual round beginning on April 3. According to a KQED report, last year’s inaugural cohort allocated roughly $300 million of funding within 11...
The University of Southern California Gould School of Law is now offering an online certificate in Real Estate Law. According to the school, the new certificate focuses on “the practical application of real estate laws to real-world scenarios, providing students with...
The Biden administration is staying out of the growing problem of homeowners having their properties taken over by squatters who can only be evicted through lengthy and costly legal proceedings. During yesterday’s White House news briefing, Press Secretary Karine...
