THE KAUFMAN REPORTby Daniel KaufmanDistressed Office Is Finally Trading. Here’s Where I’m Looking this Morning.The bid-ask standoff is breaking. And for investors paying...
Distressed Office Found Its Floor. I’m Heading to Florida.
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News & Updates
Retail Construction Hits Multi-Year Low as the Math Breaks Down
The pipeline has been cut nearly in half. That’s not a crisis for retail landlords — it’s an accidental moat.The headlines keep calling retail dead. The supply data is telling a...
The Office Market Is Lying to You. In Two Directions at Once.
Record leasing. Record vacancy. Both are true. Here’s what that actually means.The headline writers don’t know what to do with this one. Office leasing just posted its best...
The Server Farm Is the New Human
Oracle laid off 30,000 people last week. OpenAI raised $122 billion. Neither of these is good news.Let’s start with Oracle.Thirty thousand workers. Gone. That’s roughly 18% of...
The Genie Is Out of the Bottle. Big Tech’s day of reckoning has arrived — and it’s only the beginning.
Two landmark legal rulings dropped last week. Both will have massive ramifications for years to come.Last Thursday, a Los Angeles jury ruled that Meta and YouTube were negligent...
The Sentiment Gap Is the Trade. Smart money is rotating back to real estate — and the data is already ahead of the narrative
There’s a gap forming in commercial real estate right now. Not a gap in fundamentals. Not a gap in transaction activity. A gap between what the data says and what the sentiment...
Congress Wants to Hit Pause on AI Data Centers. Here’s What That Actually Means.
A new Sanders-AOC bill would freeze new data center construction nationwide. Big Tech has $650B riding on 2026. As a developer, I’m watching this closely, and you should be...
The Incredible Shrinking City: What the New Census Data Means for Real Estate Investors
The numbers are in, and they don’t lie — though plenty of people will try to spin them.The Census Bureau just dropped metro-level population estimates through June 2025, and the...
Looser Capital Rules Could Bring Banks Back to Commercial Real Estate
Regulators may be quietly handing banks permission to get back in the game.U.S. bank regulators have proposed easing capital requirements in a move that, if finalized, could...