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San Francisco’s Empty Offices Delay Apartment-Rent Recovery

(Bloomberg) -- San Francisco is the only U.S. apartment market that hasn’t seen a full recovery to pre-pandemic rents, landlord Equity Residential said in its earnings call Wednesday.
Hilton CEO Thanks Fed, Says Hotel Rates Can Rise With Inflation

Hilton Worldwide Holdings Inc. Chief Executive Officer Christopher Nassetta says hotels are hedged against inflation thanks to the same dynamic that made the lodging industry one of the biggest losers in the early days of Covid-19 pandemic.
L.A. Mega Mansion Once Floated for $500 Million Put in Bankruptcy

(Bloomberg) -- The developer of one of the biggest homes ever built in the U.S. -- featuring a moat and 30-car garage -- filed for bankruptcy to keep lenders from foreclosing on the Los Angeles property.
Sunak Confirms Tax on U.K. Property Firms to Fix Cladding Crisis

The U.K. government confirmed it will tax the country’s largest property firms to help replace unsafe cladding in apartments that’s left thousands of people in potentially dangerous homes.
Why Some Bankers Are Rushing to Settle U.S. Redlining Probes

Resolving allegations that they’ve avoided Black and Hispanic homebuyers can help lenders smooth the way for big mergers

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