Builder confidence plunges as rate shock, costs squeeze margins
This week’s top headlines: Prices fall across 11 of London’s commuter towns and young adults turn to AI for mortgage advice. Explore these and other major industry updates below:Prices fall across 11 of London’s commuter towns: Rightmove Average asking prices have fallen across several London commuter belt towns, while more affordable locations near Glasgow and…
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The office building at 655 N. Central Ave. in Glendale DivcoWest sold a Glendale office building at 655 N. Central Ave. for $70M, less than half of what it paid in 2017 for the 24-story, 542K SF tower. The buyer was an LLC linked to West Covina-based property and asset management company Sunny Hills Management…
Greenpoint Mall offered dozens of retail and food options for almost 50 years. With its allure faded, Lincoln, in partnership with New York Life Investment Management, unveiled plans to turn the mall into CityNorth Industrial Park, a 1.2 million-square-foot industrial park. Located at 12300 North Freeway on the northeast corner of Interstate 45 and Beltway…
Dallas-Fort Worth is unlike most other markets in the country. Visitors can experience a live cattle drive at the Fort Worth Stockyards, tour the Dallas Cowboys‘ world headquarters and even see honest-to-goodness speculative office construction. With new office construction at historic lows across the country and elevated interest rates and construction costs curtailing speculative construction…
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