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

Bill Pulte Unveils Public Tip Line as FHFA Intensifies Mortgage Fraud Crackdown

6 days 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

1 week 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

1 week 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

1 week 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.
Anxiety Over Job Loss and Inflation Hits Highest Levels Since Pandemic

1 week ago | globest.com | Erika Morphy |Anthony Russo |Erik Sherman |Kristen Smithberg

American consumers are bracing for a turbulent economic year ahead, with new data revealing a sharp rise in anxiety over inflation and job security. According to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, released Monday, households now see a 44% chance that the national unemployment rate will be higher a year from now—a level of pessimism not seen since the early days of the COVID-19 pandemic.
Experiential Projects Transform Retail, Hospitality, and Play Real Estate Sectors

1 week ago | globest.com | Kristen Smithberg |Anthony Russo |Erika Morphy

Over the past quarter century, developers, landlords and occupiers have increasingly looked to experiences to elevate a property’s appeal. Experience is difficult to quantify and measure but is crucial to unlocking the full potential and benefits of the built environment, according to a Cushman & Wakefield report. The rise of experiences has been acknowledged as the next emphasis for the consumer economy by delivering memories rather than products and services.
Midtown South Office Tower to Become Residential Hub In $90M Loan Deal

1 week ago | globest.com | Anthony Russo |Erika Morphy |Philippa Maister

David Werner Real Estate Investments and Metro Loft Management continue working together on office-to-residential conversions in Manhattan. This time, the joint venture partners have secured a $90 million senior first mortgage loan to support the purchase and pre-development of 675 Third Avenue in Midtown South. The plans call for transforming the 335,000-square-foot Class A office space into roughly 430 rental units.
San Diego Office Market Shows Mixed Trends as Sales Surge but Leasing Slows

2 weeks ago | globest.com | Anthony Russo |Erika Morphy |Philippa Maister |Kristen Smithberg

To sum up, the San Diego office sector isn't in the best place — but some key fundamentals are trending in the right direction to start the year. Beginning with the positives, sales surged by 127.4 percent to 880,700 square feet, the highest level recorded since the third quarter of 2023. Also, rental rates went up to $3.07 per square foot full-service gross lease. Once you are an ALM Digital Member, you’ll receive: Already have an account? Sign In Now *May exclude premium content
Coastal Ridge Sees Strong Demand for BTR Homes in South Tampa and Orlando

2 weeks ago | globest.com | Anthony Russo |Erika Morphy |Philippa Maister |Kristen Smithberg

Many Americans are finding it increasingly difficult to afford a traditional home, prompting many to opt for the more affordable alternative of renting. More specifically, build-to-rent (BTR) homes are a residential segment offering a different experience. While renters in those assets won't get equity in return, they will be met with vibes similar to owning a home if the landlord can provide the right setting.
Blackstone Buys Industrial Portfolio for $718M

2 weeks ago | globest.com | Erika Morphy |Philippa Maister |Kristen Smithberg |Erik Sherman

Blackstone has struck a deal to acquire a portfolio of industrial real estate from Crow Holdings for $718 million. The transaction highlights Blackstone’s strategic focus on logistics properties, which have become increasingly attractive in a market characterized by low vacancy rates and limited new construction. The portfolio spans 6 million square feet across 25 properties, primarily concentrated in the industrial hubs of Dallas and Houston.