Peter Grant
Fox Business
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Past articles by Peter:
US return-to-office rates hit pandemic high as more employers get tougher
Workers are returning to U.S. offices at the highest rate since the beginning of the COVID-19 pandemic as companies intensify efforts to bring employees back. → Read More
Big Cities Can’t Get Workers Back to the Office
Occupancy is especially low in cities like New York, where workers are the engine of local economies. Among the concerns are crime and commute times. → Read More
Blackstone Bets on Global Tourism Boom With Australian Resort Deal
As Covid-19 cases have fallen and international air travel has increased, some resorts are benefiting. → Read More
Amazon Slowdown Sends Shivers Through Red-Hot Warehouse Sector
Amazons decision to throttle back on e-commerce operations is clouding growth in one of the hottest commercial-property sectors. → Read More
Hotels Using NFTs to Create a StubHub for Lodging Reservations
Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute. → Read More
New York Developer Targets Top Executives Working Remotely
Related launches a premium lodging brand for executives seeking a pied-à-terre as the Covid-19 pandemic supercharges a shift to remote work. → Read More
Macquarie Signs First Lease at Fifth Avenue Office Tower Undergoing $400 Million Redevelopment
Big lease at 660 Fifth is the latest sign that highest-price office space Is outperforming in tough leasing market. → Read More
The Hottest Work Day of the Week Is Now...Wednesday?!
Hybrid workweeks let people decide which days to go to the office. The one in the middle is their top choice. → Read More
Times Square Plots Its Comeback, and It Looks Like Las Vegas
Hotels and a casino are proposed by investors and developers as entertainment re-emerges as a source of strength in the New York City neighborhood. → Read More
Brooklyn Subway Shooting Reverberates as New York Tries to Get People to Return to Work
Crime and other quality-of-life issues are slowing the push to get workers back in offices. → Read More
Record High Office Lease Expirations Pose New Threat to Landlords and Banks
Many office tenants whose leases expired last year or in 2020 negotiated extensions of only a year or two, as firms tried to determine how much less space they might need under a hybrid work approach. → Read More
Raise Residential Taxes? Bring in Casinos? Cities Look at Ways to Bolster Budgets
Leaders in urban areas struggling with pandemic hits to business and travel revenues are brainstorming longer-term strategies. → Read More
Blackstone Plants Its Flag in Boulder, Colo., an Emerging Biotech Hub
Demand for life-sciences properties intensifies nationwide while traditional office space suffers. → Read More
New Senior-Housing Projects Charge Big Bucks for Luxury Living
Developers are betting that aging baby boomers will pay rents of more than $25,000 for senior housing with all the extras. → Read More
In Houston, Most Companies Are Back in the Office but Floors Are Half Empty
Texas cities offer a possible glimpse into the future of office work, where the hybrid model keeps many employees working remotely. → Read More
Ukraine Invasion Upends U.S. Investor Bet on Russian Malls and Other Property
U.S. real estate developer Hines is one of the world’s largest foreign owners of Russian commercial property. Now, the firm faces steep losses on those investments. → Read More
Demand for Science Lab Buildings Soars During Covid-19 Pandemic
More than 31 million square feet of life-sciences space was under development in the fourth quarter of 2021, a new high in any quarter. → Read More
Starwood Capital’s Trouble in Israel Deepens Over Defaulted Bond Offering
Lawsuit alleges that Starwood misrepresented and omitted some risks in the prospectus for its bond offering. → Read More
Commercial Real Estate Is Seen as an Inflation Hedge, but That Isn’t Always the Case
With inflation running its hottest in four decades, some investors are starting to question the strength of real estate’s defenses against higher prices. → Read More
Blackstone to Buy Preferred Apartment Communities in $5.8 Billion Deal
The acquisition of the rental apartment owner demonstrates the strong investor demand for multifamily properties in Sunbelt states. → Read More