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The ExxonMobil Building (also known as Exxon Tower, and formerly as Humble Oil Building) at 800 Bell Street in Houston, Texas is a 45-story, 1,200,000 sq ft (110,000 m 2) skyscraper built in 1963, designed by Welton Becket & Associates. [1]
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Residential real estate also remains a solid option for investors hesitant to dive into downtown real estate, given the current remote work-from-home landscape.
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 25 days ago The housing market ...
The BellTel Lofts (formerly the New York Telephone Company Building, 101 Willoughby Street, and 7 MetroTech Center) is a mostly residential building at 101 Willoughby Street and 365 Bridge Street in the Downtown Brooklyn neighborhood of New York City.
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