David Bitner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U.S. office rents are holding steady—or even climbing—despite soaring vacancy rates, a record amount of available sublease space, and rising defaults.

As several $1 billion funds are raised to invest in distressed office, here’s a look at why capital is now flocking there.

Several restaurant leases were inked last week in Miami, but it was also a pretty good week for financing despite some bad numbers.

Mid-month we learned that the guys behind Dante’s HiFi, the popular Wynwood bar, were taking over Navé in Coconut Grove. Then, last Tuesday, we heard that Rocco’s Tacos was renewing its 4,800-square-foot taqueria space at 224 Clematis Street in West Palm Beach. While retail has by and large been keeping its head down and trying not to be talked about too much, discount grocery stores are having a moment.

Defaults on properties such as offices and apartment buildings may increase as property values fall and costs rise for landlords who need to refinance at higher interest rates.