The office delinquency rate on mortgages that have been converted into securities has soared to 6.63%, more than triple the 1.87% rate in January 2020.

Real-estate firm Compass increase; green up pointing triangle said it reached a $57.5 million settlement over allegations that it was part of a conspiracy to keep real-estate commissions high, the first big brokerage to reach such an agreement since the National Association of Realtors’ landmark settlement last week.

Pings and GPS signals from shoppers’ cellphones tell retailers not only how many people visit a mall or strip center a day, but also what time they go, how long they stay, where they shop and how many times a year they are likely to come back.

Home prices and apartment rents in Austin, Texas, have fallen more than anywhere else in the country, after a period of overbuilding and a slowdown in job and population growth. Rents are down 7% while more home buyers searching sales listings are looking to move away from the Austin area than looking to move to it.

Median rents in Manhattan, Brooklyn and Northwest Queens hit record highs in February as New Yorkers grapple with an ongoing affordability crisis. New lease signings also climbed, setting year-over-year records in Manhattan and Queens and the second-highest record for Brooklyn.

U.S. cities added more than 2,900 buildings with more than 200 apartment units between the years 2021 and 2023. That is 17% more than were built from 2018 to 2020. It also outpaced the increase in the number of smaller properties of at least 50 units.

For the millions of workers who find going into the office stinks, some executives say they have a remedy: Make the office smell better. Employers are using scent to boost moods and get workers to come in.

The vast majority of late payments on CLO loans haven’t led to foreclosure. Still, the large number of late payments shows the strain on borrowers and the growing risk of losses for lenders.

In one of the largest distressed deals, the Federal Deposit Insurance Corp. agreed to sell $17 billion worth of loans seized from the failed Signature Bank to a venture including Blackstone Real Estate Income Trust in a deal that valued the portfolio at about $12 billion.

Overall, global real-estate funds operated by private-equity firms were sitting on $544 billion in cash as of the second quarter of last year—a record level and up from $457 billion at the end of 2022. The largest increase was in so-called opportunistic funds, which often search for distressed opportunities.