John Gittelsohn

Stay informed with John Gittelsohn’s coverage and analysis for Fortune.

  • Workers moving boxesFinance

    Trump trade war sparks run on U.S. warehouses with tariff loophole

    By Spencer Soper, Cailley LaPara, and others
  • Luxury Waterfront Mansion in La Jolla Shores north of San Diego, California United States of AmericaLifestyle

    Sand Castle mansion lists for $108 million in San Diego record

    By John Gittelsohn and Bloomberg
  • Mark AttanasioSuccess

    Son of KKR co-founder sues Milwaukee Brewers owner for allegedly stealing sand in Malibu

    By Rachel Graf, John Gittelsohn, and others
  • Laurene Powell JobsFinance

    Laurene Powell Jobs buys mansion on San Francisco’s Billionaire’s Row for $70 million, a record high for the city

    By Rya Jetha, John Gittelsohn, and others
  • Aerial view of Harbor Freeway #110 leading to Los Angeles Skyline, California. (Photo by: Visions of America/Joseph Sohm/Universal Images Group via Getty Images)Finance

    Third-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office values

    By John Gittelsohn and Bloomberg
  • Skyscrapers on 3rd Avenue in Midtown Manhattan.Finance

    The commercial real estate crunch is so bad that $80 billion worth of property is now in distress—a 10-year high

    By John Gittelsohn and Bloomberg
  • LOS ANGELES, CALIFORNIA – DECEMBER 19: A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. The National Association of Realtors will release its November data on existing home sales later this week after October saw existing home sales decline 28 percent from one year earlier. (Photo by Mario Tama/Getty Images)Personal Finance

    California homes are so pricey that only 16% of the state’s residents can afford to buy one—and it’s only getting worse

    By John Gittelsohn and Bloomberg
  • Melville, N.Y.: The building at 263 Old Country Road available for rent for over a year on April 17, 2023 in Melville, New York. (Photo by Howard Schnapp/Newsday RM via Getty Images)Finance

    The office apocalypse has reached a new level of bad with the amount of space shrinking for the first time on record

    By John Gittelsohn and Bloomberg
  • San FranciscoSuccess

    The scourge of remote work sends U.S. office distress up to $24.8 billion—that’s even worse than malls and hotels

    By John Gittelsohn and Bloomberg
  • Barry SternlichtFinance

    Commercial real estate billionaire Barry Sternlicht’s firm just defaulted on a $212.5 million Atlanta office tower

    By John Gittelsohn and Bloomberg
  • SAN FRANCISCO, CA – JUNE 14: A pedestrian walks by a store that is closing on June 14, 2023 in San Francisco, California. San Francisco’s downtown continues to struggle with keeping retail and commercial properties rented following the COVID-19 pandemic, and lags behind all major cities in the U.S. and Canada. Westfield has stopped making payments on a $558 million loan for their mall at 865 Market St. weeks after their anchor tenant Nordstrom announced plans to pull out of the mall. Downtown San Francisco has an estimated 18.4 million square feet of available real estate. (Photo by Justin Sullivan/Getty Images)Finance

    Commercial real estate gets even bleaker with $64 billion in property now classified as distressed

    By John Gittelsohn and Bloomberg
  • SAN FRANCISCO, CALIFORNIA – APRIL 13: Shoppers walk through the Westfield San Francisco Centre on April 13, 2022 in San Francisco, California. French commercial real estate company Unibail-Rodamco-Westfield announced plans to sell off two dozen of its U.S. malls, including the Westfield San Francisco Centre, to focus exclusively on the company’s European properties. (Photo by Justin Sullivan/Getty Images)Retail

    San Francisco’s commercial real estate apocalypse worsens after the owner of the city’s marquee downtown mall defaults

    By John Gittelsohn and Bloomberg
  • Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, speaks at the LVMH Moet Hennessy Louis SE annual general meeting of shareholders at the Carrousel du Louvre in central Paris, France, on Thursday, April 20, 2023. LVMH reported first quarter organic sales growth in its fashion and leather goods unit of 18% almost twice what analysts were expecting and spurring a new record high for the stock. Photographer: Nathan Laine/Bloomberg via Getty ImagesLeadership

    Beverly Hills isn’t so luxury obsessed after all. Voters there just turned their noses up to a new chic hotel from billionaire Bernard Arnault

    By John Gittelsohn and Bloomberg
  • Gavin NewsomFinance

    The SVB fallout is showing the world’s 5th-largest economy (California) is flailing as easy money goes extinct

    By John Gittelsohn, Karen Breslau, and others
  • Looking up at tall office towers in Bunker Hill, north of Financial District, downtown Los Angeles, California, USA. Deloitte sign atop Gas Company Tower in center is 52-story, 228.3 m (749 ft).Success

    One of the biggest landlords in Los Angeles just defaulted on $755 million in loans for two sky scrapers as remote work keeps offices vacant

    By John Gittelsohn and Bloomberg