commercial real estate News

Texas Bill Would Allow Vacant Offices to be Converted Into Dwellings

As Texas’ major urban areas grapple with a glut of vacant offices, state lawmakers may make it easier to transform empty office and commercial space into dwellings. A bill by state Sen. Bryan Hughes, a Mineola Republican, would effectively allow …

Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks

The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She signaled top US …

Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns

Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management …

Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’

Joseph Sumberg, a former managing director at Goldman Sachs Group Inc. who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs, as hurricane seasons get more destructive …

Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall

Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc. …

Commercial Real Estate Trouble Evident in Fading Downtown Construction

When Rahm Emanuel ran Chicago and wanted to boast about the health of the city, the then-mayor pointed to the number of construction cranes across the skyline — 60 at the end of 2017. Almost five years after he left …

Inflation, Commercial Real Estate Among Top Financial Stability Concerns

The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on …

Otso, Assurely, Accelerant Partner to Offer Insurance for Lease Security

Texas-based companies, Otso and Assurely, have partnered to create an insurance coverage option for lease security in the commercial real estate industry. The insurance coverage allows landlords to reduce the risks of leasing while saving tenants of commercial property essential …

Millers Mutual Insurance Expands Into North Carolina

Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North Carolina. As of July 1, 2021, Millers Mutual will offer property & casualty insurance in the state, bringing the total number of …

China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources

China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s biggest property deal since the …