Our newest roundup consists of two massive flood management tasks in New Jersey, how residential REITs may benefit from greater rates of interest, how the downfall of WeWork may trigger expansive collateral injury, and extra!
- The Federal Reserve mentioned the potential of massive losses within the $24 trillion U.S. business actual property market poses a prime threat to monetary stability. (Jim Tyson, CFO Dive)
- In response to proptech agency MRI Software program, residence leasing patterns are “reverting to pre-pandemic patterns and turning into extra predictable.” (Leslie Shaver, Multifamily Dive)
- Los Angeles has developed a brand new option to deal with homelessness—actual property brokers for these and not using a dwelling. (Jennifer Ludden, NPR)
- A decade after Superstorm Sandy, two of the most important flood management tasks designed to guard the densely populated cities of New Jersey simply outdoors New York Metropolis will lastly get began. (Wayne Parry, AP)
- The whole variety of investments into U.S. ESG funds has been flat to barely unfavourable for the reason that starting of 2022 with a continued decline anticipated for the remainder of 2023. (Nicole Goodkind, CNN)
- Actual property funding trusts have been hammered since 2022 with rate of interest will increase, however there’s one REIT subsector—residential REITs—that might profit from a chronic greater rate of interest cycle. (Ethan Roberts, Yahoo)
- Individuals are borrowing considerably more cash for properties at a lot greater rates of interest, with a homebuyer’s greenback going about half as far because it did on the finish of 2020. (Marley Jay and Jasmine Cui, NBC)
- The autumn of WeWork may trigger numerous collateral injury to each landlords and shoppers. (Mark Hallum, Industrial Observer through Yahoo)
