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1 week ago | 
bisnow.com | Matt Wasielewski
The climate risk to commercial and residential properties across the U.S. is quickly growing, with trillions of dollars worth of real estate exposed to weather and climate events. At the same time, President Donald Trump is hoping to slash the budget of federal forecasters.
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1 week ago | 
bisnow.com | Matt Wasielewski
Amazon is escalating its battle to bring employees together. The tech giant is asking several thousand employees to relocate to specific locations to be closer to their teams, in some cases asking staffers to move across the country. Amazon is approaching the staff relocations on a team-by-team basis.
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1 week ago | 
bisnow.com | Matt Wasielewski
The multifamily sector is weathering a storm that has combined a record level of new apartment inventory with profound macroeconomic uncertainty. Still, most owners remain above water, and deal volume is up. “We've stepped away from the brink, and we're seeing a lot of rebounding in sentiment in the financial markets, which could permeate to the rest of the markets through the rest of the year,” Sam Tenenbaum, who leads multifamily research operations at Cushman & Wakefield, said of the sector.
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1 week ago | 
bisnow.com | Matt Wasielewski
It was the fourth consecutive meeting where Fed officials opted to maintain the 4.25% to 4.5% range for the federal funds rate. The unanimous decision was nearly universally expected, according to CME Group’s FedWatch sentiment tracker, but comes as geopolitical tensions reach a fever pitch and inflation ticks upward. Jerome Powell, chairman of the Federal Reserve, spoke at the Economic Club of Chicago in April.
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1 week ago | 
bisnow.com | Matt Wasielewski
FrontView REIT, which owns more than 300 net-leased properties, fired its chief financial officer Monday. The board of directors at Dallas-based FrontView, which had its initial public offering in October, terminated Randall Starr from the role, effective immediately. Starr had been in the role for less than two months. The move led J.P. Morgan analysts to downgrade the stock and trim 15% from its target price.
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1 week ago | 
bisnow.com | Matt Wasielewski
Senate Republicans released their version of President Donald Trump’s One Big Beautiful Bill Monday afternoon, advancing sweeping tax breaks but leaving one major sticking point unresolved. The financial provisions of the bill, unveiled by Senate Finance Committee Chairman Mike Crapo, largely mirror the version passed by the House of Representatives in a late-night vote in May. But Republicans have yet to reach a deal on a tax deduction popular in high-tax states with Republican districts.
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2 weeks ago | 
bisnow.com | Matt Wasielewski
Billionaire Marc Andreessen is “doubling down” on Flow, the fast-growing real estate platform launched by former WeWork CEO Adam Neumann. In a post on the website of his venture capital firm, a16z, Andreesen said Neumann and his team at Flow had come up with a revolutionary vision for rental housing that incorporates community-building, unlocking more value than traditional operators. The first tower at Flow Miami is apartments. A second tower currently being built will have condos for sale.
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2 weeks ago | 
bisnow.com | Matt Wasielewski
Craig Steinley, a former executive at the Appraisal Institute, was dropped from a sexual harassment lawsuit filed by the trade group’s former CEO. The civil charges against Steinley and AI were brought by Cindy Chance, who was terminated from the top post at AI in September 2024. Chance is still pursuing the case against her former employer, alleging that senior leadership failed to take action over reports of inappropriate behavior from Steinley and a sexually charged work environment.
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2 weeks ago | 
bisnow.com | Matt Wasielewski
Global investment firm Sixth Street is making a bet on affordable housing in primary U.S. markets. L+M Development Partners, a New York-based builder active in 14 states, announced a new partnership with Sixth Street that will create a new corporate structure at the firm and allow it to expand to new markets. The size of the investment wasn't disclosed, and L+M Cos.' management will remain in place.
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2 weeks ago | 
bisnow.com | Matt Wasielewski
A panel of federal appellate judges said the government must face legal claims that it owes landlords impacted by the pandemic-era eviction moratorium missed rent payments. The case, which was filed in 2021, is likely headed to the Supreme Court. In a 7-3 decision, the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., rejected the government’s request that it overturn a ruling that had allowed lawsuits to continue where landlords sought compensation for unpaid rent.
