Better understanding the impact of investor purchases on existing home buyers...great report from Ben Preis Bruce Katz thenewlocalism.com/newsletter/we-…

Remote Work Threatens Business Hotels’ Recovery, Boosting Default Risks: "Signs of distress are pronounced in the Midwest. Roughly 40% of delinquent hotel loans in the US are backed by hotels in Midwestern states" wsj.com/articles/busin…

"Changes in work modes may be coming into play: The rise in popularity of remote and hybrid work arrangements means fewer office workers are commuting daily, decreasing the need for parking." nytimes.com/2023/03/07/bus…

The Great Deleveraging "Most landlords were able to hold on to their buildings without defaulting on loans during the pandemic, because near-zero interest rates made it easier to keep making payments or get new financing." bloomberg.com/news/articles/…

Work-From-Home Shift Spurs Office Building Defaults - Bloomberg. This doesn’t just impact landlords. ⁦Bruce Katz⁩ bloomberg.com/news/articles/…

inquirer.com/real-estate/ho…

.⁦Drexel Nowak Metro Finance Lab⁩ is hiring! Come do cutting edge work on innovative finance, inclusive entrepreneurship, procurement economy, advanced industries and much much more drexel.edu/hr/atDrexel/ca…

In 2020, I was doing some work on public spaces in Akron and reached out to Shammas to hear his thoughts. I didn’t expect a response as I was pretty much a stranger but he made time to chat with me and helped me see my hometown in a new light! Fantastic win for the City of Akron!

The US post-pandemic period is seeing a remarkable industrial transition with federal investments & market dynamics leading to a manufacturing renaissance. Our team at Drexel Nowak Metro Finance Lab w/ Latinos & Society is mapping its spatial, policy, and practice dimensions: thenewlocalism.com/newsletter/the…

Manufacturing boom is coming to ground in ways that are positive (distributed across broad array of metros) and concerning (industrial sprawl challenges efforts around workforce and supplier diversity): my latest w Milena Dovali Avanti Krovi Victoria Orozco 🇦🇷 thenewlocalism.com/newsletter/the…

Check out the latest newsletter where Bruce Katz, Milena Dovali, Victoria Orozco 🇦🇷 and I discuss how the "manufacturing renaissance" is spatially manifesting, implicating metro economies, supply chains, workforce, and opportunities for Black and Latino firms thenewlocalism.com/newsletter/the…

“Old industrial cities can be key to US future” — my Op Ed in ⁦Financial Times⁩ today with hopeful message about how older cities like Buffalo and St Louis are taking advantage of re-shoring of manufacturing with purposeful workforce and applied research strategies

Recently, two of California's largest home insurance providers have halted policy sales, citing rising wildfire risk. A growing body of research shows the connections between climate and housing are multifold. Homeowners, renters, and policymakers need to prepare. Thread 🧵 1/13

These numbers would mean scorched earth. "Fitch Ratings recently estimated that 35% of pooled securitized commercial mortgages coming due between April and December 2023 won’t be able to refinance based on current interest rates and the properties’ incomes and values. While many

TIL: "For over a century in New York, commercial-property investors have carved up the value of the city’s skyscrapers by separating the land from the building & trading the pieces separately" wsj.com/articles/offic…

My latest newsletter with Dr. Deborah A. Carroll 🦖 Michael A. Pagano Frances Kern Mennone Avanti Krovi explores the impact of downtown disruption on municipal tax regimes (which vary across the country) and how an emergency effort could help all layers of government get smart thenewlocalism.com/newsletter/wea…

Check out our latest newsletter at Drexel Nowak Metro Finance Lab, where Bruce Katz, Frances Kern Mennone, Michael A. Pagano, Dr. Deborah A. Carroll 🦖, and I call for an emergency effort to prep financially vulnerable cities in response to remote work and other trends: thenewlocalism.com/newsletter/wea…