John Gittelsohn

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Only 16% Of Californians Can Afford To Buy A Home

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Buyers in the state need $208,000 income to qualify for a 30-year loan.

Office Demand Shows Signs Of ‘Meaningful Improvement'

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Leasing gains have been a hopeful sign for a sector that's been battered in recent years.

Distressed U.S. Commercial Property Assets Swell To $64 Billion

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Higher borrowing costs have pummeled the commercial real estate industry, causing some owners to choose to default.

Guggenheim To Keep Chicago Offices Shut As Workers Relocate

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It's the latest blow to a city reeling from the high-profile exit of Ken Griffin's Citadel.

Blackstone's BREIT Saw $4.5 Billion Of Withdrawal Requests

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The real estate industry has come under pressure as investors seek to reduce their exposure.

Two Office Landlords Defaulting May Be Just The Beginning

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With at least $92 billion of office mortgages maturing this year, landlords are under increasing pressure.

Trump, Vornado-Owned San Francisco Buildings Land On Watchlist

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Higher rates have ramped up the pressure on commercial landlords, causing loan extensions to become costlier.

Brookfield Defaults On Two Los Angeles Office Towers

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Office vacancies have increased across the country since the pandemic made working remotely more routine.

NYC, San Jose Fuel End To Global Property Prices' 13-Year Streak

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The biggest losers last year were San Jose, Calif., where prices fell 7.5%, and Manhattan, with a 7.2% drop.

Blackstone's $69 Billion Real Estate Fund Hit Monthly Redemption Limit In January

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The firm's crown jewel continues to wrestle with investors seeking to get money out.

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