Katharine Carlon

United States

Central Editor at Bisnow

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Articles

Don't Miss Out On The Texas Tea

1 month ago | bisnow.com | Katharine Carlon

Have you gotten the tea today? If you aren’t subscribed to Bisnow’s weekly Texas Tea newsletter, you’re missing out on the best little CRE news and analysis roundup in the Lone Star State. Every Wednesday, Houston Reporter Maddy McCarty, DFW Reporter Billy Wadsack and Texas Editor Katharine Carlon go in-depth on a hot-button issue for the CRE community and follow it up with a curated collection of all the news you need to know from both Bisnow and our competitors.
White House Weighing Sovereign Wealth Fund Plan From Bessent, Lutnick

1 month ago | bisnow.com | Katharine Carlon

The Treasury and Commerce departments have completed their proposal for a U.S. sovereign wealth fund, which the White House is now considering. President Donald Trump listens to Norway Prime Minister Jonas Gahr Store in the Oval Office on April 24. President Donald Trump issued an executive order Feb. 3 directing the agencies to draw up a plan for a sovereign wealth fund within 90 days, which elapsed this week. A White House spokesman told Bisnow the plan is now under review.
CA Ventures Sells King Of Prussia Senior Living Community To Welltower

2 months ago | bisnow.com | Katharine Carlon

CA Ventures has unloaded another property as it juggles financial and legal problems, this time selling off a senior living community in King of Prussia. The former Anthology Senior Living Community has been rebranded Revelle King as part of the acquisition. Real estate investment trust Welltower purchased the 11-story, 192-unit Anthology Senior Living Community for $27.4M, the Philadelphia Business Journal reported.
3Edgewood Buys Former Groupon HQ In Largest Chicago Office Deal Since 2022

Jan 23, 2025 | bisnow.com | Ryan Wangman |Katharine Carlon

Groupon’s 1.6M SF former headquarters building along the Chicago River has sold to 3Edgewood, the largest downtown office sale by square footage to close in almost three years. 3Edgewood paid $88.7M for the 600 W. Chicago Ave. property, a source with the company confirmed to Bisnow. That marks a steep decline from the $510M former owner Sterling Bay paid for the property in 2018. Eastdil Secured, the adviser on the transaction, confirmed the buyer to Bisnow.
Nominate Your Choice For Bisnow's 2025 Chicago Women Leading Real Estate Honors

Dec 13, 2024 | bisnow.com | Katharine Carlon

The annual event, to be held March 18, will celebrate the women delivering equal parts success and example for their teams across commercial real estate.
Anti-Gentrification Ordinance Is On The Books, But It Isn’t Being Enforced - Yet

Nov 19, 2024 | bisnow.com | Katharine Carlon

The Chicago Housing Department has pushed off enforcement of a new anti-gentrification ordinance that some landlords call “a massive infringement of private property rights.”The Chicago City Council quietly approved the Northwest Side Housing Preservation Ordinance in September, giving multifamily tenants in several Chicago neighborhoods the right of first refusal to buy their buildings should a landlord decide to sell and imposing major fees on demolition of existing apartment structures.
Chicago Landlord Group Proposes Taxing Itself To Boost Sagging Loop

Nov 15, 2024 | bisnow.com | Katharine Carlon

Just days after Mayor Brandon Johnson folded on a $300M property tax increase, a downtown landlord group is floating a self-imposed tax that would see commercial property owners chip in to fund improvements in the city’s Loop. The Building Owners and Managers Association of Chicago is exploring creation of a business improvement district to kickstart the vitality of the Central Business District, where office vacancy has risen to almost 24% and retail vacancy sits at 30%.
Chicago Mayor Gives Up On Property Tax Hike

Nov 12, 2024 | bisnow.com | Katharine Carlon

Chicago Mayor Brandon Johnson is backing away from plans to help fill a $1B budget hole with a large property tax hike. Mayor Brandon Johnson speaks at a press conference in May.
College Students Are Taking Developers Back To School On How To Design Apartments

Oct 23, 2024 | bisnow.com | Katharine Carlon

The pandemic years were tough ones for universities and developers of student housing as closures and restrictions kept many learning remotely, taking gap years or just waiting it out at home. Over the past several years, though, the worm has turned: Student housing rents are on a robust upswing that hit an average 9% nationally this past fall. That’s great news for developers able to meet new student demand for flexible design, high-end perks and sustainability.
Struggling Philadelphia Mills Handed Off To New Special Servicer

Sep 25, 2024 | bisnow.com | Katharine Carlon

A 1.8M SF outlet mall that was passed back to debtholders by owners Simon Property Group this summer was put in the hands of a new special servicer Tuesday, Bisnow has learned. Greystone Servicing Corp. has been brought in to manage and resolve $290M in securitized debt tied to the massive Philadelphia Mills outlet mall, according to a source with knowledge and confirmed by Morningstar Credit online records. Opex Management is the receiver actively managing the property.