Top news for real estate pros
WeWork, Amazon partner on one of Manhattan’s largest office leases this year
WeWork has partnered with Amazon to lease 304,000 square feet at 330 W. 34th St. in Manhattan, marking one of the city’s largest office deals this year as Amazon prepares for a full return to office in January.
Former Motorola campus outside Chicago sells for less than renovation cost
Chicago-based R2 and JDI Realty have acquired the 83-acre Innovation Park Lake County campus in Libertyville, Illinois, for $35 million—less than the $47 million the seller, Beco Management, spent purchasing and redeveloping the former Motorola Mobility site.
'Fog of war' is the time to buy, says Blackstone's global real estate chief
Blackstone 's Nadeem Meghji told a Toronto real estate conference that now is the ideal time to invest, with the firm focusing on opportunities in Western Europe and India amid signs of a global real estate recovery and growing investor interest. "We are not waiting for the all-clear sign."
They had insurance. But when Hurricane Helene wrecked their properties, it wasn't the right kind.
Business owners and homeowners in Western North Carolina are not only coping with property losses from Hurricane Helene but are also facing the harsh reality that, without flood insurance, they must cover the cost of water damage themselves.
Seattle’s apartment market is showing signs of life again. Here’s why.
Despite the completion of 14,000 new apartments over the past year, Seattle's apartment market is luring investors with steady occupancy and rent growth, as the region's vacancy rate remains below the national average at just under 7%, compared with 8% nationally.