Bisnow

1 day ago | bisnow.com | Sasha Jones

After months of ratings agencies raising concerns about the office tower at 75 Broad St., JEMB Realty has asked that the $230M loan tied to the property be transferred to special servicing. The door at 75 Broad St., which once served as the headquarters of ITT Inc. The historic 35-story Financial District building, which once served as the headquarters of ITT Inc., has been slowly bleeding tenants.

1 day ago | bisnow.com | Jarred Schenke

Two bankruptcies have sent occupancy tumbling at a 6.5M SF nationwide real estate portfolio owned by New York-based alternative investment manager Blue Owl Capital. A Big Lots store in Texas that was part of the retailer's liquidation in 2024. S&P Global downgraded the credit rating of three classes of debt on a $275M CMBS loan backing the 42-property retail, industrial and office portfolio after occupancy fell from 100% to a little more than 36%, the ratings firm said last week.

1 day ago | bisnow.com | Matt Wasielewski

Amazon has committed $10B to a rural North Carolina county as part of its race to develop improved artificial intelligence models. The investment will directly create 500 jobs and indirectly support thousands of local construction jobs, Amazon said, although the company did not reveal any specific development plans Wednesday. The commitment comes the same week that the Richmond county government passed a sweeping incentives package to lure the e-commerce and cloud computing giant to the area.

2 days ago | bisnow.com | Jarred Schenke

The affordable housing crisis is growing increasingly dire beyond Atlanta's city limits as prices rise and construction slows in its suburban towns and cities. But arduous permitting processes and hostile neighbors are making it hard for affordable developers to build units in the fast-growing suburbs for nurses, police officers, teachers and firefighters, panelists said Wednesday at Bisnow’s Atlanta Affordable Housing Summit. Prestwick Development's Casey Craven and Beverly J.

2 days ago | bisnow.com | Matt Wasielewski

Elon Musk came to Washington, D.C., on a mission to cut costs and find inefficiencies. He almost immediately aimed his chainsaw at the federal government’s commercial real estate footprint. His Department of Government Efficiency at one point promised to sell as many as 443 buildings and vacate another 10M SF worth of leases. As Musk decamps from the nation’s Capitol, the federal government has targeted less than 7M SF in its footprint for termination, and much of that space is still occupied.