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 has pleaded not guilty to all charges related to his alleged mishandling of sensitive government documents after leaving office.
Arizona is one of seven states that Trump lost in 2020 where his allies are accused of schemes to put up alternate electors.
There were multiple fatalities from a tornado that ripped through the small Iowa town of Greenfield, which saw homes and businesses destroyed.
Former President Donald Trump's defense rested its case at his "hush money" trial after calling two witnesses to the stand.
Dozens of people on the Singapore Airlines Boeing 777 were also injured and it was forced to divert to Bangkok.
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.
Crystal McKinney, a former model, accused Sean "Diddy" Combs of drugging and sexually assaulting her in New York City over 20 years ago. She filed the lawsuit under the NYC Gender Motivated Violence Act.
Vince Fong, a California State Assembly member, had the endorsement of both former President Donald Trump and Kevin McCarthy.
A firefighting foam known as AFFF contains PFAS, also known as "forever chemicals," that have been linked to cancer.
Parents who want to find safe vehicles for their teen drivers can get more bang for their buck this year, Consumer Reports says.
Vince Fong, a California State Assembly member, had the endorsement of both former President Donald Trump and Kevin McCarthy.
Crystal McKinney, a former model, accused Sean "Diddy" Combs of drugging and sexually assaulting her in New York City over 20 years ago. She filed the lawsuit under the NYC Gender Motivated Violence Act.
NASA ruled out a planned Saturday launch of Boeing's Starliner to allow more time for analysis of a small, but persistent helium leak in the ship's propulsion system.
The retired U.S. Navy officers had all admitted to accepting bribes from Malaysian defense contractor Leonard Francis, nicknamed " Fat Leonard."
Parents who want to find safe vehicles for their teen drivers can get more bang for their buck this year, Consumer Reports says.
Forecasts show that employers are likely to hire fewer newly minted college grads this year. But there are pockets of job growth.
The pizza chain has already raised more than $126 million for the children's hospital over the past two decades through its longstanding point-of-sales campaign.
With inflation still a major pain point for Americans, the Biden administration wants to rein in gas prices as the summer driving season revs up.
More fast-food chains and discount retailers are cutting prices as inflation-fatigued customers balk at high prices, hurting sales.
Vince Fong, a California State Assembly member, had the endorsement of both former President Donald Trump and Kevin McCarthy.
Former President Donald Trump has pleaded not guilty to all charges related to his alleged mishandling of sensitive government documents after leaving office.
Robert F. Kennedy Jr. says that trans issues will not be a central part of his presidential campaign.
Fulton County D.A. Fani Willis won the Democratic primary in Georgia as her prosecution of Donald Trump remains tied up in a state appellate court.
Arizona is one of seven states that Trump lost in 2020 where his allies are accused of schemes to put up alternate electors.
Actor Taye Diggs is opening about a mental health condition that has affected his younger sister Christian: schizophrenia, which impacts how a person thinks, feels and behaves.
Vital Pursuit will include whole-grain bowls, protein pasta, sandwich melts and gluten-free options.
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.
The retired U.S. Navy officers had all admitted to accepting bribes from Malaysian defense contractor Leonard Francis, nicknamed " Fat Leonard."
A days-old ape died three months ago at a zoo in Valencia. Her grieving mother continues to hold on to her body.
Locals complained about tourists jaywalking, littering and crowding the area around a convenience store known for its view of Mt. Fuji.
The remains or DNA of 33 women were found on Robert Pickton's pig farm in Port Coquitlam, British Columbia.
The once-glamorous resort city of Acapulco has lost its luster in the last decade as bloodshed has made it one of the world's most violent cities.
Crystal McKinney, a former model, accused Sean "Diddy" Combs of drugging and sexually assaulting her in New York City over 20 years ago. She filed the lawsuit under the NYC Gender Motivated Violence Act.
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.
Actress Scarlett Johansson demanded that OpenAI stop using an AI-generated voice that she says sounds like her own and was developed without her permission. Intellectual property attorney Joseph Lawyer joins to break down the dispute.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
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.
Scarlett Johansson is demanding answers from OpenAI and its CEO, Sam Altman, after it released a ChatGPT voice that she says sounds "eerily similar" to her own. Johansson claims she declined Altman's offer for her to voice the product. Jo Ling Kent has the detials.
Actor Scarlett Johansson says she is shocked after OpenAI released a tool that uses a voice that's very similar to hers. Johansson said in a statement that the artificial intelligence company had reached out to her about using her voice for their product, but she declined. Google also recently announced that it is expanding its AI overview feature. Connie Guglielmo, editor-at-large at CNET, joins CBS News with these stories and more.
The Environmental Protection Agency is urging water systems to take immediate actions to protect the nation's drinking water from cyberattacks. CBS News homeland security and justice reporter Nicole Sganga joins to discuss.
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.
A jury found former University of Arizona graduate student Murad Dervish guilty in the killing of hydrology professor Thomas Meixner.
The remains or DNA of 33 women were found on Robert Pickton's pig farm in Port Coquitlam, British Columbia.
The once-glamorous resort city of Acapulco has lost its luster in the last decade as bloodshed has made it one of the world's most violent cities.
The Justice Department called the site on the dark web "one of the largest illegal narcotics marketplaces on the internet."
Chicago health officials said medetomidine has not previously been detected in Chicago.
NASA ruled out a planned Saturday launch of Boeing's Starliner to allow more time for analysis of a small, but persistent helium leak in the ship's propulsion system.
Studying the atmosphere of a "puffy" exoplanet about 200 light-years from Earth may have unraveled a confounding cosmic mystery.
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.
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?
When certain Republican lawmakers are asked whether they'll accept the outcome of the 2024 election, they can't seem to give a straight answer. CBS News chief political analyst John Dickerson weighs in.
Actress Scarlett Johansson demanded that OpenAI stop using an AI-generated voice that she says sounds like her own and was developed without her permission. Intellectual property attorney Joseph Lawyer joins to break down the dispute.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
A firefighting foam known as AFFF contains PFAS, toxic "forever chemicals" linked to some cancers. Mark Strassmann takes a look at how firefighters are grappling with being exposed to the chemicals for so long and what's being done about it.
Two recent tragedies involving migrant workers serve as reminders that the U.S. relies on workers from abroad. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.