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

Five Leading Cities for Renters and Five Standouts for Homeowners

2 weeks ago | ourcommunitynow.com | Erika Morphy

Share The data and statistics in this analysis were provided by Apartments.com, a source for rental market information. Miami stands out as a city where renting is the prevailing choice, with nearly three-quarters of residents opting to lease rather than buy. The city’s 73 percent renter rate is fueled by high home prices—where the median home costs $649,900—and a dynamic urban culture that draws those seeking flexibility.
Five Leading Cities for Renters and Five Standouts for Homeowners

2 weeks ago | globest.com | Erika Morphy

As developers weigh their next investments, a close look at the leading cities for renting and homeownership can offer valuable insight into where demand is strongest and what housing opportunities are most likely to yield returns. The housing landscape across the United States is marked by stark contrasts, with some urban centers dominated by renters and others by homeowners, each shaped by local economics, amenities, and lifestyle preferences.
Mesirow Raises $1.2B for New Fund Targeting Top Apartment Markets

2 weeks ago | globest.com | Erika Morphy

Chicago-based investment firm Mesirow has closed its latest real estate fund, securing $1.245 billion in investor commitments to acquire apartment buildings in some of the nation’s largest metropolitan areas. This new fund, Mesirow Financial Real Estate Value Fund V, marks a substantial leap for the company, representing a 66% increase in capital raised compared to its previous fund.
Investors Back Nuveen’s Bet on Grocery-Anchored Retail With $320M Commitment

4 weeks 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 month 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 month 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 month 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

1 month 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

1 month 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

1 month 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.