Life sciences real estate companies have wrestled with a new reality after a dismal 2025. The largest of them all, Alexandria Real Estate Equities, reported deep losses despite healthy leasing volume and set future expectations for continued challenges.
ARE notched a nearly $1.1B operating loss in the fourth quarter of 2025, executives said Tuesday in the company’s earnings call. Leasing reached 1.2M SF, the best performance all year, but other metrics fell, such as rental rates and lease renewals.
Same property net operating income dropped 6%, and was down 3.5% year-over-year. And the aggressive plan to sell roughly $3B in assets over…
The central bank is expected to hold interest rates steady on Wednesday after a series of reductions in the latter half of 2025. The big question is how long the pause will last.
“It’s hard not to feel a disturbance in the force,” said Ethan Hawke, whose acting career took off after his early movies appeared at the Utah festival in the 1990s.
The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
Municipal debt issuance surpassed $500 billion last year, a record that’s found a deep pool of buyers.
Mayor Zohran Mamdani on Tuesday tapped a new head of the agency that oversees the city’s real estate portfolio. Mamdani named Yume Kitasei as the new commissioner of the city’s Department of Citywide Administrative Services, or DCAS. Kitasei previously served as deputy chief of staff to First Deputy Mayor Sheena Wright during the Adams administration and as chief of staff to Deputy Mayor of Operations Laura Anglin under Mayor Bill de Blasio. Before that, she held various other city jobs and worked as chief of staff and director of budget and legislation for Council member Margaret Chin. She also brings […]
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The airline said its new policy, rolled out on Tuesday, responded to passengers’ preferences, but some customers said the scramble was part of the charm.
Eli Karp is suing the lender and appraiser of his foreclosed Hello Lenox apartment building, alleging they intentionally overvalued the Brooklyn property. Karp is accusing a Greystone affiliate and real estate valuation firm BBG of engineering a “loan-to-own” scheme that he says cost him his flagship property, per a lawsuit filed Monday in New York State Supreme Court. Karp alleges that Greystone, led by founder and CEO Stephen Rosenberg, conspired with BBG to dramatically inflate the value of his newly-built apartment complex at 271 Lenox Road in East Flatbush, per the suit The inflated valuation, the suit claims, was used […]
This article originally appeared on The Real Deal. Click here to read the full story.
“We are not producing a product enough people want,” Ms. Weiss told employees at her first all-staff meeting at the network.
Hotelier Ian Schrager has found a partner to finally grow his Public Hotels brand, 15 years after he expected.
Schrager is working with hospitality owner and operator Highgate to accelerate the expansion of Public via hotel and boutique company acquisitions, as well as development, according to The Wall Street Journal. Highgate won’t have a stake in Public, but the partnership will go in on buying hotels and inking management contracts.
Properties in Highgate’s 79,000-room, 400-hotel portfolio will be rebranded into Public hotels. The company’s holdings span luxury, resort and affordable hotels.
To save money and cut down on labor, Public will switch its dining playbook, starting…