Real Estate

Many building owners are offering better deals to office tenants who might be on the fence about renewing their leases.

Christopher Mayer talked about the state of the U.S. housing industry and indications of whether the nation is in a “housing recession.”

In the heart of midtown Manhattan lies a multibillion-dollar problem for New York, building owners and thousands of workers. Blocks of decades-old office towers sit partially empty, in an awkward position: too outdated to attract tenants seeking the latest amenities, too new to be demolished or converted for another purpose. It’s a situation playing out around the world as employers adapt to flexible work after the Covid-19 pandemic and rethink how much space they need. Stijn Van Nieuwerburgh of the Columbia Business School discusses the dilemma on "Bloomberg Markets: The Close." 

The company is losing huge sums of money on cookie-cutter homes—suggesting a fundamental weakness in the US housing market.

JPMorgan and Haven Realty Capital entered into a joint venture agreement on November 15. The companies plan to acquire up to $1 billion in build-to-rent properties, starting in Atlanta. Housing experts warn that it can take a long time to bring build-to-rent properties to market.

Wells Fargo used to be the top mortgage lender in the country. Now it's retreating from the business as nonbank lenders gain market share.