October Top CRE News

Discover the most-read commercial real estate news coverage from October. From retail redevelopment to hotel competition with Airbnb, stay informed on the latest industry happenings.

Retail

October 8, 2023 'Ransom Payment' No More: Mall Anchors Losing Their Leverage As Owners Ramp Up Redevelopment

While reciprocal easement agreements once ensured that mall owners would have to get permission from their largest tenants prior to moving forward with redevelopment, they can more easily move forward with these projects in the hopes of attracting more shoppers.

Hotel

October 9, 2023 In Battle With Airbnb And Vrbo, Hotel Giants Deploy New Tactic: ‘Full Attack’

Some large hotel chains have been responding to the resurgence of business travel by increasing their extended stay offerings in competition with companies like Airbnb and Vrbo.

Capital Markets

October 12, 2023 Volume Of Distressed Asset Sales On Mute As Owners Battle A New Type Of Crisis

Some CRE owners are looking to put their assets on the markets, however, economic uncertainty has caused slowdowns in deal-making.

Multifamily

October 1, 2023 SFR Investors Test Build-To-Rent Waters As Well Of For-Sale Homes Dries Up

Investors have been buying homes to transform into single-family rentals. However, due to the housing shortage, many have been exploring build-to-rent as an option.

October 2, 2023 Supreme Court Declines To Hear Rent Control Case

While both the Community Housing Improvement Program and the Rent Stabilization Association made moves to confront the current state of rent control, and specifically the New York Housing Stability and Tenant Protection Act of 2019, the Supreme Court will not be hearing the case.

October 5, 2023 Apartment Construction Surges To Levels Not Seen Since 1980s, Weighing Down Rents

A RealPage report found that apartment construction has been on the rise, having increased to its highest point since the ‘80s in Q3 2023.

October 13, 2023 Fannie Mae Launches New Workforce Housing Program

Fannie Mae’s Sponsor-Dedicated Workforce product has been created with the purpose of constructing and preserving workforce housing.

Office

October 3, 2023 'You Sure You Want To Do This?’: Rookie Office Brokers Pursue CRE Careers Despite Downturn

Nine CRE brokers in their 20s and 30s who are either new to CRE or have some experience indicated that despite the challenges that come with a downturn, they saw opportunities to sharpen their skills and create connections in the industry.

October 4, 2023 Universities Gobbling Up Office Buildings In A Bid To Expand Footprints At A Discount

Colleges and universities have been acquiring and adding empty office buildings and making upgrades as part of their campuses.

October 11, 2023 ‘This Will Be Trouble’: Why Office Landlords Will Soon Face Millions In Added Costs

As a result of high interest rates, CRE owners are contending with challenges such as loans reaching their maturity and rate swaps and caps reaching an expiration date.