Nordstrom Is Closing San Francisco Stores as Cities’ Retail Pain Grows

May 3, 2023 | Jim Carlton, Kate King, & Suzanne Kapner | WSJ

Nordstrom is closing two stores near downtown San Francisco, including one in a prominent indoor shopping mall, the latest blow to the city’s retail landscape.

The closures also reflect the challenges that merchants face in key business districts in large cities across the country, as they deal with rising operating costs, concerns about crime, and foot traffic remaining well below prepandemic levels.

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The Real Villains of Today’s Housing Market

November 30, 2023

The tale of the housing market over the past few years, in which big Wall Street firms and greedy Airbnb investors elbowed out first-time buyers and drove up home prices, is appealing. It's nice and tidy, with a clear delineation between good guys and bad guys. But it also misses the mark.

Office Landlords Increasing Pace Of Handing Properties Back To Lenders

November 30, 2023

Office landlords are looking at the shifting landscape and deciding to cut their losses, Hatch said. “Now, borrowers are looking forward and just realizing that even if they can get a modification on their loan, it's just not a feasible asset class for them to really even stay in,” she told CoStar.

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Aside from their manageable debt position, office REITs also own some of the better assets, given the repositioning efforts undertaken to upgrade portfolios over the last few years, Hafeez said.

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