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Eli Lilly breaks ground on $6.5B Houston manufacturing facility

Office Pain Moves From Vacancies to Losses

New York’s Housing Balancing Act

Apartment Landlords Face a $1.8T Debt Reckoning

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Eli Lilly breaks ground on $6.5B Houston manufacturing facility

Lilly’s massive manufacturing investment follows Bristol Myers Squibb’s $2.3B commitment.

THE TAKEAWAY

Office Pain Moves From Vacancies to Losses

High rates and maturing debt are finally forcing office landlords and lenders to confront years of lost value.

THE TAKEAWAY

New York’s Housing Balancing Act

New York’s mayor is pairing rent controls with a major push for new development.

THE TAKEAWAY

Apartment Landlords Face a $1.8T Debt Reckoning

Apartment owners face a massive refinancing wall as lenders get tougher and distressed opportunities pile up.

THE TAKEAWAY

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