The 168.4 million square feet of office space for sublease in the first quarter was down slightly from the fourth-quarter 2023 peak but up almost threefold from early 2019.

Blackstone has agreed to acquire private Apartment Income REIT for about $10 billion and will invest another $400 million to improve these properties. AIR Communities owns 76 upscale rental housing communities that are primarily in coastal markets, including Miami, Los Angeles, and Boston. This acquisition is Blackstone’s largest transaction in the multifamily market.

Due largely to occupancy costs, Dollar General, located mostly in rural areas plans expansion, while the more urban-focused Family Dollar will close hundreds of stores.

Private-pay senior-housing communities average rate was at 85.1% in the 31 largest U.S. markets for the fourth quarter of 2023. While that is still 2 percentage points below the first quarter of 2020, it is up from its pandemic low point, 77.8% in the first half of 2021. Rent increases, meanwhile, have been outpacing inflation, with independent living costing an average initial rate of $4,126 a month in December and the more intensive assisted-living units costing $6,422.

Commercial property values have fallen 21% on average since the Fed began raising interest rates two years ago.

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.