Weekly News Roundup AI Transforming Real Estate The real estate industry is embracing AI for enhancements across a wide range of applications. From helping sellers determine the right listing price to empowering property managers with automated tools, AI is streamlining operations and enhancing customer experiences across the board. When it comes to setting the ideal…
Weekly News Roundup Government to Sell D.C. Offices The Trump administration is considering selling two-thirds of the federal government’s office stock to the private sector, according to people familiar with the transition operations. About three-quarters of the 70 million square feet of office space the GSA leases from private landlords in D.C. is also likely…
Weekly News Roundup High-End Apartment Glut America has a serious housing shortage, but not for the type of apartments that real-estate investors have been building in record numbers. The national vacancy rate for multifamily apartments reached 8% in the last quarter of 2024—higher than it was before the pandemic. Part of the problem is a…
Weekly News Roundup Mismanagement Fueled Palisades Fires In less than one day, more than 80,000 Californians have been evacuated, multiple injured, and at least two dead. With more than 4,000 acres of some of the nation’s most valuable property up in flames, the Southern California wildfires could prove one of the most costly disasters in…
Weekly News Roundup 2025 Real Estate Trends While the CRE outlook remains speculative, that hasn’t stopped those who monitor the industry from advancing a wide-ranging assortment of forecasts for the next 12 months. The office market is likely to find stability in the year ahead, with improvement coming late in 2025, CBRE reports. A construction…
Weekly News Roundup CBRE Real Estate Forecast CBRE foresees several positive developments in 2025, including a modest increase in commercial real estate investment volume, a topping out of vacancy in the office market, and rising occupancy and rents in the multifamily sector despite robust new supply. CBRE also anticipates reverberations for the retail and industrial…
Weekly News Roundup Millennials Renting Not Buying Homes As more millennials enter their prime home-buying years and start families, many are finding themselves priced out of the most coveted suburban neighborhoods with top-flight schools. A growing number their age, or even older, are turning instead to upscale single-family rentals nearby. From 2021 to 2023, the…
Weekly News Roundup Modular Housing Gaining Ground Modular housing development has long been a fringe part of the U.S. market, primarily limited to lower-budget or emergency housing. Now, the country’s largest apartment operator is trying to change that. Greystar Real Estate Partners on Monday is opening a six-building modular apartment complex, complete with a gym,…