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The Latest Breaking News from CoStar

Commercial real estate bargain hunters are snagging offices for ‘extreme’ discounts up to 70%

“Office is clearly in the worst shape versus the other property types,” one executive says.

Fortune

London office construction starts surge in first quarter as confidence floods back

The capital accounted for almost 80% of the UK’s office starts in the first three months of the year

Evening Standard

With 'bleisure' and fewer workers, the American hotel is in recovery

A new type of traveler is part of the post-pandemic reset at U.S. hotels, along with fewer daily cleanings and pancake-slinging machines.

WEKU

From analysis to the latest developments in health,
read the most diverse news in one place.

‘It’s the exclusivity’: the rise of London’s £1,000-plus a night super-luxe hotels

Price is no deterrent as wealthy visitors flock to the capital for ‘experiences’ only big money can buy

The Guardian - UK

CEOs want employees back in the office, and 90% say they'll likely give raises and promotions to those who actually show up, survey finds

CEOs say they expect in-office attendance to play a role in employees' career progression and that it will factor into determining who will get raises and promotions.

Fortune

A boom in apartment construction is helping to curb rents but not all renters will benefit

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades

The Independent UK

Redevelopers are pouncing on shuttered hotels

Interest in revitalizing or redeveloping closed hotel properties has been on the rise for the last decade — but it's surged to new heights since the pandemic began.

Axios

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Commentary: LA and other cities are recovering, but not their downtowns. Why?

A fiscal “doom loop.” A transit “death spiral.” The “office apocalypse.” Since the traumatic disruption of the COVID-19 pandemic, these pessimistic terms have been applied repeatedly to the state of our cities. Analysis of Census data from my Brookings Institution colleague William Frey found that from 2020 to 2021, during…

Los Angeles Times

Office space available, lots of it

The data is a sign that the distress is going to get worse.

Axios

Regional Universities rush to grab space in London

Sheffield Hallam, Teesside University and the University of West of Scotland among those setting up sites in the capital

Evening Standard

Regional universities scramble for space in London

Non-London universities have taken 350,000 sq ft in the capital over the past three years

Evening Standard

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

San Diego has declared 'housing as a human right' but does it mean anything legally?

San Diego City Council voted unanimously Tuesday to declare housing as a human right, a rare move for a city with a lot of housing issues.

Tribune News Service

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

Fortune

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Insider UK

Glasgow retail property investment hits eight-year high

Investor appetite for retail warehouses drove volumes before the mini budget slowed markets

Benzinga

Residential Rents Are Declining In Many Real Estate Markets - How Should Investors Respond?

Real estate has a remarkable ability to deliver returns for investors, even when the stock market or other economic indicators are pointing downward.

Los Angeles Times

This ad agency received millions from Netflix and abruptly closed. What happened?

The insults toward Palisades Media Group Chief Executive Roger Schaffner continued to pile up at his Santa Monica office.

Orlando Sentinel

Sky-high Orlando rent hikes top the U.S., with relief years away

Orlando rents are growing at the fastest pace in the country, and one expert says it could be nearly two years before the region returns to pre-pandemic increases.

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Axios

Signs of stress are deepening in the market for office buildings

Vacancy rates and loan delinquencies are climbing.

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