Our latest roundup includes two large flood control projects in New Jersey, how residential REITs could benefit from higher interest rates, how the downfall of WeWork could cause expansive collateral damage, and more!
- The Federal Reserve said the possibility of large losses in the $24 trillion U.S. commercial real estate market poses a top risk to financial stability. (Jim Tyson, CFO Dive)
- According to proptech firm MRI Software, apartment leasing patterns are “reverting to pre-pandemic patterns and becoming more predictable.” (Leslie Shaver, Multifamily Dive)
- Los Angeles has developed a new way to handle homelessness—real estate agents for those without a home. (Jennifer Ludden, NPR)
- A decade after Superstorm Sandy, two of the largest flood control projects designed to protect the densely populated cities of New Jersey just outside New York City will finally get started. (Wayne Parry, AP)
- The total number of investments into U.S. ESG funds has been flat to slightly negative since the beginning of 2022 with a continued decline expected for the rest of 2023. (Nicole Goodkind, CNN)
- Real estate investment trusts have been hammered since 2022 with interest rate increases, but there is one REIT subsector—residential REITs—that could benefit from a prolonged higher interest rate cycle. (Ethan Roberts, Yahoo)
- People are borrowing significantly more money for homes at much higher interest rates, with a homebuyer’s dollar going about half as far as it did at the end of 2020. (Marley Jay and Jasmine Cui, NBC)
- The fall of WeWork could cause a lot of collateral damage to both landlords and clients. (Mark Hallum, Commercial Observer via Yahoo)