News/Events
Xebec Snags Financing for 687K-SF Savannah-Area Industrial Development
Xebec closed on $30.49 million in joint-venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building Class A industrial development in Black Creek, Georgia. not far from Savannah. JLL secured the construction loan from Seacoast Bank and placed the joint-venture equity with a private investment group. Scheduled to deliver in…
Producer Prices Flat in July as Goods Costs Fall
U.S. producer prices were unchanged in July as declining goods costs balanced out increases across services and construction, according to data released by the Bureau of Labor Statistics. The Producer Price Index for final demand remained flat on a seasonally adjusted basis after edging down 0.1% in June and advancing 0.5% in May. Over the 12 months…
Walker Webcast: McKinsey’s Aditya Sanghvi Discusses Why and How Agentic AI Can Be Tailor-Made for Rental Housing
Artificial intelligence, particularly the agentic kind, could help rental housing owners and operators automate tasks, coordinate maintenance and improve resident retention. But getting there involves more than installing a new technology. “I would put out there that rental housing is perfect for AI,” said McKinsey & Co. senior partner Aditya Sanghvi, a leader of the…
Data Center Owners Set Ambitious Climate Targets. Emissions Are Skyrocketing Instead
Leading data center owners and operators miss carbon targets as AI-driven growth spikes emissions.
Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'
The $625M debt on the Chelsea office building matures in December.
Sponsored Content: Expanding Access While Maintaining High Standards: How To Navigate Multifamily Vacancy Pressures
With overall rents across the country down 1.2% compared to a year ago, all multifamily operators need to analyze their leasing strategies.
The Schedule C Trap: Why Your Biggest Deal This Year Might Be With the IRS
In real estate, we’re obsessed with the big numbers, what we “gross.” We talk about ‘GCI’ like it’s the only number that matters. We celebrate the $50 million year, the record-breaking penthouse sale, and the expansion into new markets (hello, California for SERHANT.!). But, after the 1099s are issued and the dust settles, a lot…
Luxury Condo Sales in Manhattan Rise Post-Pied-à-Terre Rollout
The luxury pied-à-terre is alive and well, despite any efforts to stifle — or excessively tax — it. While the second week of August saw a Staten Island Supreme Court judge block the rollout of New York City Mayor Zohran Mamdani’s pied-à-terre tax — a controversial surcharge on second homes worth more than $5 million…
TikTok Tells U.S. Employees to Return to Office 5 Days a Week
TikTok’s work-from-home era is scrolling to an end. The ByteDance-owned social media platform has instructed its U.S. employees to return to the office five days a week, sources told Business Insider. The change impacts the company’s hybrid employees that are currently allowed to work from home at least one day per week. TikTok alerted employees across…
