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Two projects on either side of Watson Island would add 600 condos and a mixed-use complex to the space between Downtown Miami and South Beach.
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New Jersey is the second state to codify new inspection and reserve requirements, behind Florida, which was the site of a building collapse in Surfside.
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MSCI’s U.S. Capital Trends report found loans tied to apartment buildings saw a 16% spike in losses in 2023 from the year before.
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The ratings agency told analysts that banks with significant exposure to multifamily lending could face losses this year as landlord costs rise.
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North American Real Estate scooped up the 85K SF retail and office building at 605 N. Michigan Ave. for a reported $47M from Brookfield Properties.
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Many CRE players hoped the sales would offer pricing signals for a market trying to adjust to a new reality almost four years since the start of the pandemic.
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Crescent Heights hired CBRE to broker a deal for the 800-unit NEMA Chicago at 1210 South Indiana Ave.
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MSCI Real Assets' chief economist explains why the people who will likely profit from the distress this cycle are the ones “who can swing a hammer.”
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As out-migration in the state accelerates, concerns are rising over its effects on the economy and demand in the commercial real estate sector.
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Valor Development received approval to build 219 units with retail in 2020, but a court appeal delayed the project for years and made it more costly.
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