Erika Morphy

New Orleans

Managing Editor at GlobeSt

Freelance journalist watching technology trends and what they mean. Interested in politics, science, history, animal rights.

Articles

Investors Back Nuveen’s Bet on Grocery-Anchored Retail With $320M Commitment

6 days ago | globest.com | Erika Morphy

Nuveen Real Estate has attracted $320 million in fresh capital from institutional investors for its U.S. Cities Retail Fund, reinforcing the company's position as a major player in the retail property market. The fund, which began in 2018, focuses on acquiring and managing neighborhood retail centers anchored by grocery stores and other essential retailers.
Fed Holds Rates Steady Amid Growing Uncertainty

1 week ago | globest.com | Erika Morphy

The Federal Reserve has opted to keep U.S. interest rates unchanged for the third consecutive meeting, maintaining the federal funds target range at 4.25% to 4.5%. This decision comes amid heightened concerns among policymakers that President Donald Trump’s tariffs could ignite a new wave of inflation while also threatening job growth.
Fed Warns CRE Could See Further Price Drops

1 week ago | globest.com | Erika Morphy

Commercial real estate prices in the United States may not be as stable as they appear, according to a recent report by the Federal Reserve. The central bank cautions that the recent flatness in transaction-based prices could mask deeper problems within the sector. The report states that “transaction-based prices may not fully reflect conditions” in the commercial real estate market.
Deloitte Signs 800,000-SF Lease at 70 Hudson Yards

1 week ago | consultingmag.com | Erika Morphy

Deloitte is making a major move in New York City's office market, committing to lease nearly three-quarters of a planned skyscraper at Hudson Yards in what industry observers are calling a significant signal of renewed strength for high-end office space.
Deloitte Signs 800,000-SF Lease at 70 Hudson Yards

2 weeks ago | globest.com | Erika Morphy

Deloitte is making a major move in New York City's office market, committing to lease nearly three-quarters of a planned skyscraper at Hudson Yards in what industry observers are calling a significant signal of renewed strength for high-end office space. The firm will relocate its North American headquarters from Rockefeller Center to 70 Hudson Yards, occupying 800,000 square feet of the 1.1 million-square-foot tower, according to people familiar with the agreement.
AI System Aims to Eliminate Guesswork in Real Estate Site Selection

2 weeks ago | globest.com | Erika Morphy

Diald.AI, a technology company recently founded by Steven Song, has developed an artificial intelligence platform aimed at addressing a longstanding challenge in commercial real estate: the persistent difficulty of obtaining a truly comprehensive, context-rich understanding of a property, particularly when the site is in an unfamiliar neighborhood or city.
Bill Pulte Unveils Public Tip Line as FHFA Intensifies Mortgage Fraud Crackdown

3 weeks ago | globest.com | Erika Morphy

Bill Pulte, the recently appointed director of the Federal Housing Finance Agency (FHFA), has launched an aggressive campaign to combat mortgage fraud, signaling a new era of scrutiny and accountability in the housing finance sector. In a move reminiscent of crowd-sourced crime-fighting efforts, Pulte announced the creation of a public tip line on X, inviting anyone with knowledge of fraudulent mortgage activity to submit information directly to the agency via a dedicated email address.
Trump Revokes Downtown Location Rules, Pushing Federal Offices to Cheaper Areas

4 weeks ago | globest.com | Erika Morphy |Philippa Maister |Anthony Russo |Erik Sherman

President Donald Trump has signed an executive order overturning decades-old policies requiring federal agencies to prioritize locating in downtown and historic districts. This move is part of the administration's broader effort to decentralize federal operations and encourage agencies to relocate to more cost-effective locations across the country.
Developers Lock In $237.5M for Edge-on-Hudson Redevelopment and Luxury Daymark Condos

4 weeks ago | globest.com | Anthony Russo |Ingrid Tunberg |Erika Morphy

Biddle Real Estate Ventures (BREV), King Street Capital, and PCD Development have secured $237.5 million in refinancing for two communities along the Hudson River in New York. The loan, provided by Hudson Bay Capital, and brokered by Walker & Dunlop, applies specifically to the Edge-on-Hudson redevelopment and luxury residential community, The Daymark. Both are located in Sleepy Hollow. Edge-on-Hudson is a project taking up a total of 70 acres that will feature a total of 1,177 residential units.
U.S. Companies Reject Reshoring; Plan to Move Operations to Lower-Tariff Countries

4 weeks ago | globest.com | Erika Morphy

A new CNBC Supply Chain Survey reveals that the U.S. is unlikely to be the primary beneficiary if China loses manufacturing business due to President Donald Trump’s tariffs. Despite the Trump administration’s assurances of a coming “reshoring boom,” most companies surveyed say the costs of bringing supply chains back to the United States would be prohibitive, with many indicating they will instead seek out countries with lower tariffs.