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.
Former President Donald Trump's defense rested its case at his "hush money" trial, signaling the start of the final chapter of proceedings before the jury begins deliberations.
More than a dozen people on the Singapore Airlines Boeing 777 were also injured and it was forced to divert to Bangkok.
Iran's President Ebrahim Raisi was killed in a helicopter crash, but his death is unlikely to spark any political crisis. Here's what happens next.
Pope Francis has often spoken up about the alarming impact of climate change and urges countries that can "make the most difference" to help create awareness and take action.
A grizzly bear attacked and seriously injured a man in western Wyoming's Grand Teton National Park, prompting closure of a mountain there.
Stress can impact how your skin looks and feels, dermatologists say. Here's how — and what you can do about it.
A video posted to Donald Trump's social media account included references to a "unified reich" among hypothetical news headlines depicting an election win by him in November.
Of the 14 deaths in 2024, 11 involved vehicle, according to statistics from the Florida Fish and Wildlife Conservation Commission.
Vaccine scare tactics haven't shifted, but more parents are falling for them. Here's what the rhetoric gets wrong and how it endangers children.
Former President Donald Trump's defense rested its case at his "hush money" trial, signaling the start of the final chapter of proceedings before the jury begins deliberations.
Of the 14 deaths in 2024, 11 involved vehicle, according to statistics from the Florida Fish and Wildlife Conservation Commission.
The crash site — "waterlogged and filled with 80 years' worth of sediment" — is in eastern England, Cotswold Archaeology told CBS News.
A grizzly bear attacked and seriously injured a man in western Wyoming's Grand Teton National Park, prompting closure of a mountain there.
A climber was found dead on North America's tallest peak, Denali, on Monday, a day after a family member told rangers they hadn't heard from them in days, authorities said.
The National Rifle Association, whose image was sullied by former leader Wayne LaPierre's spending excesses, elected former GOP Rep. Bob Barr and Doug Hamlin to its top posts.
The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down in the wake of a damning report about the agency's toxic workplace culture.
Cities that score well on U.S. News' annual ranking of best cities get high marks for economic criteria like value and job market.
McDonald's is transitioning away from self-serve beverage stations and some locations may start to charge for refills that were once free.
Trump Media posted a loss of $327.6 million in the first quarter because of a financial transaction.
Former President Donald Trump's defense rested its case at his "hush money" trial, signaling the start of the final chapter of proceedings before the jury begins deliberations.
The National Rifle Association, whose image was sullied by former leader Wayne LaPierre's spending excesses, elected former GOP Rep. Bob Barr and Doug Hamlin to its top posts.
The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down in the wake of a damning report about the agency's toxic workplace culture.
A video posted to Donald Trump's social media account included references to a "unified reich" among hypothetical news headlines depicting an election win by him in November.
A new federal bulletin warns that AI technology like "deepfake" videos could pose serious threats to the 2024 election cycle.
Stress can impact how your skin looks and feels, dermatologists say. Here's how — and what you can do about it.
Vaccine scare tactics haven't shifted, but more parents are falling for them. Here's what the rhetoric gets wrong and how it endangers children.
Panera faces another lawsuit over a highly caffeinated beverage that the restaurant chain said it would phase out.
Chicago health officials said medetomidine has not previously been detected in Chicago.
A Democratic-led effort to safeguard access to IVF failed earlier this year in the Senate.
The AP "decries in the strongest terms" Israel's shutting down of the news agency's live Gaza video feed to clients and its seizing of AP equipment.
"If you see monkeys that are weak... please try to hoist a bucket of water by rope for them to drink," a wildlife preservation group said.
The crash site — "waterlogged and filled with 80 years' worth of sediment" — is in eastern England, Cotswold Archaeology told CBS News.
More than a dozen people on the Singapore Airlines Boeing 777 were also injured and it was forced to divert to Bangkok.
Pope Francis speaks with CBS News' Norah O'Donnell about his health and whether he'd ever step down as pontiff.
Jacob Latimore and Luke James talk about the sixth season of the popular TV series "The Chi." The drama series follows characters from different walks of life on the South Side of Chicago.
Elvis Presley's Graceland Mansion is at the center of a court fight, but the singer's family calls it a scam. The popular tourist attraction in Tennessee appears to be headed for a foreclosure auction later this week. Elvis' granddaughter, actor Riley Keough, is fighting back with a lawsuit, claiming fraud.
"CBS Mornings" celebrates Tony Dokoupil as he marks five years as an anchor on the show.
"CBS Mornings"celebrates the 5-year anniversary of Vlad Duthiers hosting "What to Watch" by taking a look back at some favorite moments.
Sean "Diddy" Combs is apologizing after a disturbing video surfaced over the weekend. The video appears to show the hip-hop mogul assaulting his then-girlfriend in a hotel hallway in 2016. Warning: This video contains content that is graphic and disturbing.
ChatGPT disables AI voice after users say it sounds similar to Hollywood star Scarlett Johansson.
Pope Francis tells Norah O'Donnell about the role of communication media and its lasting impact on young people in a historic interview airing on CBS.
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.
The Hennessey Venom F5 is not just a sports car; its twin turbo V8 engine can muster more than 1,800 horsepower, almost twice that of a Formula 1 racing car. And yes, you can drive it on the street, for the cool price of $3 million. Correspondent Lee Cowan goes inside the design of a machine that shuns the mundane.
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.
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.
Chicago health officials said medetomidine has not previously been detected in Chicago.
"Sandra was kidnapped from her home while her children slept nearby, bound in packing tape, driven to a remote location and buried alive," prosecutors said.
Camrah Trotter, was killed as she called 911 after her boyfriend, 23-year-old Dominique Ray, was fatally shot.
Photos shared by local media showed a red truck dotted by bullet holes, and bloodied bodies lying in the trunk and on the ground.
More people were killed by U.S. law enforcement in 2023 than any other year in the past decade — and it's increasingly happening in small towns and rural areas.
Ed Dwight, America's first Black astronaut candidate, finally reached space on a Blue Origin flight at 90 years old. The 10-minute flight ended Dwight's 60-year journey for a chance to travel beyond Earth. Derrick Pitts, the chief astronomer at The Franklin Institute, joins CBS News with more on Dwight's legacy.
Blue Origin's New Shepard rocket lifted off Sunday, carrying the oldest man ever to go into space. Ed Dwight, 90, trained to become NASA's first Black astronaut candidate 60 years ago, but he didn't get to fly then.
Ed Dwight trained to become the first African American astronaut but was never asked to join NASA. He finally flew into space on Sunday.
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.
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 International Criminal Court's chief prosecutor is seeking arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Minister of Defense Yoav Gallant, along with several leaders of Hamas. Prosecutors say it is based on extensive evidence of war crimes on both sides.
Jacob Latimore and Luke James talk about the sixth season of the popular TV series "The Chi." The drama series follows characters from different walks of life on the South Side of Chicago.
This week marks four years since George Floyd was killed by police in Minneapolis. Floyd's killing sparked protests across the country. Meanwhile, the police department has lost 40% of its force in four years as it attempts to build back trust.
Prosecutors allege 18 Republican leaders and activists conspired to try tipping Arizona's electoral college votes to former President Donald Trump. The Democratic state attorney general has charged them with fraud, forgery and conspiracy. Some of those charged include Mark Meadows, Rudy Giuliani and John Eastman.
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