Despite the well-documented plummet in demand for hotel rooms that has only partially recovered from the lows at the height of worldwide COVID-19 precipitated lockdowns, developers are continuing to bring new projects online.
Sales of previously owned U.S. homes remained brisk in August as low mortgage rates and demand for space in the suburbs sustained strength in a housing market that’s a bright spot for the economy.
The Blackstone Group closed on the largest real estate debt fund ever, according to the Wall Street Journal. A new study finds companies are failing to follow through on pledges to elevate social concerns, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.