How empty office buildings are setting cities on a doom loop
A real estate sector rocked to its foundations by empty offices is struggling to adapt to hybrid work. The trouble with office buildings could ripple through the economy, hitting banks.
A real estate sector rocked to its foundations by empty offices is struggling to adapt to hybrid work. The trouble with office buildings could ripple through the economy, hitting banks.
First, how empty offices spell trouble for landlords. And, a look at how a neurosurgeon is targeting Alzheimer's and addiction.
Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless.
Transforming unused office buildings into urban housing could solve two problems rippling through the real estate world — if only it were so easy.
Former President Donald Trump and the other defendants in the New York civil fraud trial brought by the state's attorney general, Letitia James, are facing the possibility of a $370 million fine and a lifetime ban from working in New York real estate, among other sanctions. CBS News chief election and campaign correspondent Robert Costa is following the latest in the trial.
As occupancy rates have hit historic lows and interest rates have spiked, the value of office buildings is tanking. This Sunday, Jon Wertheim looks at the crisis in commercial real estate.
Hispanics are more prepared to buy a home than ever before, according to a new report from the National Association of Hispanic Real Estate Professionals. CBS News' Cristian Benavides reports from Miami, Florida.
Although home prices have continued to rise across much of the U.S., homeowners in some states saw their home equity shrink.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Remembering Rosalynn Carter; MoneyWatch reports U.S. real estate commissions among highest in the world.
There is a disconnect in most U.S. markets of how much money people are earning, and how much it would cost to buy a home. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News with data on how much houses cost in major cities around the country.
Ivanka Trump was the fourth family member to take the stand to testify in the New York civil fraud trial against the Trump Organization. Scott MacFarlane was inside the courtroom and reports from New York.
Ivanka Trump is set to testify today in the New York civil real estate fraud trial involving Trump properties. Ivanka faces questioning about the family business practices, with the trial potentially impacting the future of the Trump empire. Scott MacFarlane reports from New York.
CBS News business analyst Jill Schlesinger talks about the importance of a Missouri realty case that awarded a group of home sellers about $1.8 billion in damages, and how it might lead to changes in the housing market. She also touches on mortgage rates and whether or not we might be headed into a housing recession.
Earlier this week, a federal jury awarded $1.8 billion in damages against the National Association of Realtors and several real estate companies for finding that they artificially inflated brokerage commissions. Carter Evans takes a look at what the staggering payout could mean for the real estate industry.
Across the country, vibrant Chinatowns have been a place for immigrants to land, establish roots and grow businesses, but forces like gentrification, real estate development and more have threatened such areas. In his memoir, "Everything I Learned, I Learned in a Chinese Restaurant," author Curtis Chin, who was raised in Detroit's Chinatown, details those forces and how they impact such communities. Dana Jacobson has more.
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.
Property includes 21 acres and the Moselle estate that was home of Murdaugh family prior to Alex Murdaugh's murder of his wife and son.
60 Minutes got a peek at what will soon be the first large community of 3D-printed houses. A Texas company is printing 100 of them, calling it a "paradigm shift" in how we build our homes. Lesley Stahl reports, Sunday.
A New York judge ruled Tuesday that former President Donald Trump committed fraud for years while building his real estate empire. The judge found that Trump and his company deceived banks, insurers and others by overvaluing his assets and exaggerating his net worth. CBS News' Scott MacFarlane reports.
With mortgage rates hovering above 7% for five straight weeks, prospective buyers are facing a housing shortage as would-be sellers seek to keep their low, locked-in rates. Nancy Chen has details.
For decades, one of the draws to moving to the suburbs included renting a place for less than what you'd find in the city. But that may not be the case for much longer as the gap between the two is steadily shrinking.
It may seem paradoxical, but the aging boomer population is sparking more demand for housing, Barclays said.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
The announcement escalates a divide within Israel's leadership.
Dali, the cargo ship that crashed into the Francis Scott Key Bridge in Baltimore before its collapse, is set to be refloated Monday after weeks of salvage efforts requiring the use of giant floating cranes and explosives.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Police released what they say was a suicide note left by Boeing whistleblower John Barnett.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
The announcement escalates a divide within Israel's leadership.
According to local media, the violence began last week following a clash between Kyrgyz people and foreigners in Bishkek, Kyrgyzstan.
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.
The latest disaster came on the heels of devastating floods that killed at least 70 people in April.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Forever Now".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Country Kid".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Orion's Belt".
Comedian Paul Scheer shares stories from a new memoir "Joyful Recollections of Trauma."
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
The wife of a fertility doctor is found dead at the bottom of a staircase. Did her dogs play a role in her death or was the scene staged to cover a murder? "48 Hours" correspondent Tracy Smith reports.
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. Kenny Choi explains.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Workers at two Mercedes Benz plants in Alabama this week voted against joining the United Auto Workers union. The movement to unionize saw opposition, not just from the company, but also Republican Alabama Gov. Kay Ivey. Michael George has more.
The violence across the devastated Palestinian territory is widening, with the northern Jabalia refugee camp seeing some of its fiercest fighting in months between Israeli forces and Hamas militants. The Israeli military said Saturday it has recovered the remains of a fourth hostage, this after the bodies of three hostages were recovered on Friday. Imtiaz Tyab has more from Tel Aviv.