This week’s Hits and Misses column focuses on the intersection of real estate and politics, with stops in Washington, Ottawa, Sacramento, and Animal Crossing. Hit: Here Comes the DOGE Wrecking Ball. The new Department of Government Efficiency (DOGE) under the...
Elon Musk’s new Department of Government Efficiency (DOGE) has taken aim at the surplus of vacant office properties allocated to federal agencies. The DOGE channel on X ran headline from the Washington Times that announced: “Nearly 90% of feds’ office in D.C. going to...
The owners of 64 office buildings in New York City have inquired for assistance in converting their commercial properties into multifamily housing. According to GlobeSt.com, the building owners are working with the city’s Office Conversion Accelerator Program, which...
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 e-commerce giant Amazon Inc. (NASDAQ: AMZN) plans to save nearly $1.3 billion over the next few years by reducing the quantity of its office vacancies. According to a Business Insider report sourced from an obtained internal document and input from an unnamed...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
