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SL Green Booted From Worldwide Plaza Amid Foreclosure Fight
Apartment Vacancy Is Falling, But Stabilized Properties Aren’t Feeling the Relief
BMS Bets $2.3B on New Houston Manufacturing Campus
AI Now Occupies 10% of San Francisco’s Office Market
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

SL Green Booted From Worldwide Plaza Amid Foreclosure Fight
SL Green Booted From Worldwide Plaza Amid Foreclosure Fight

Cushman & Wakefield takes over management as occupancy falls to 51% and creditors fight for control.

THE TAKEAWAY

Apartment Vacancy Is Falling, But Stabilized Properties Aren’t Feeling the Relief
Apartment Vacancy Is Falling, But Stabilized Properties Aren’t Feeling the Relief

New apartment supply is soaking up demand and pulling national vacancy lower, but stabilized properties are still fighting for renters.

THE TAKEAWAY

BMS Bets $2.3B on New Houston Manufacturing Campus
BMS Bets $2.3B on New Houston Manufacturing Campus

The 600,000-square-foot Generation Park campus will create nearly 500 permanent jobs and could fuel additional life sciences development.

THE TAKEAWAY

AI Now Occupies 10% of San Francisco’s Office Market
AI Now Occupies 10% of San Francisco’s Office Market

AI has absorbed millions of square feet since ChatGPT’s debut, reshaping San Francisco’s office market and potentially accelerating new development.

THE TAKEAWAY

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