Office Construction Falls To New Lows In Top U.S. Markets

April 9, 2025 / no comments

Office construction is continuing to decline as developers find it hard to break ground on projects without large preleases. 
At the end of the first quarter, the 14 leading office markets had a combined 20.7M SF under construction, down from 24.8M SF at the end of 2024 as completions outpaced new starts during the quarter, according to Colliers.
Almost half of the under-construction pipeline is expected to complete this year, with another 7M SF expected to deliver in 2026. 
Only three projects broke ground in the first quarter of 2025, according to Colliers: two in South Florida and one in Chicago. 
South Florida, Dallas And Manhattan were…

Pulte Declares ‘No Room For Fraud’ At Fannie Mae As Agency Fires More Than 100

April 9, 2025 / no comments

More than 100 staffers have been fired from Fannie Mae for engaging in unethical conduct over roughly the last 30 days, the agency announced.
“In President Trump’s housing market, there is no room for fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” Bill Pulte, chairman of the Fannie Mae board of directors, said in a statement. 
Pulte took over the Federal Housing Finance Agency on March 14 and has wasted little time exercising authority at the agency, which is responsible for overseeing Fannie Mae and Freddie Mac. 

Knight Frank Takes 72K SF Liverpool Street Headquarters As Station Plans Revised

April 9, 2025 / no comments

Real estate adviser Knight Frank has agreed to take 72,400 SF of office space at Aviva Investors’ One Liverpool Street development in the City of London for its global headquarters.
Knight Frank’s 18-year lease joins global law firm Dentons, which preleased almost 68K SF at One Liverpool in 2023.
Due to complete in the first quarter of 2026, One Liverpool Street will provide 176K SF of office and retail space across 11 floors. It forms part of a development scheme that includes 101 Moorgate, which provides more than 70K SF of office and retail space across its ground and eight upper floors, plus a roof terrace.
The two buildings sit…