Real estate investors and professionals say financial and real estate markets in the U.S. will hit bottom in 2009 and continue to slump for much of 2010, according to a report released Tuesday by the Urban Land Institute and PricewaterhouseCoopers LLP.
D.C. is the “ultimate hold market when the economy struggles” and downtown office vacancies should [...]
As the outlook of Fort Worth’s residential real estate market continues to become clearer, some developers are re-examining their mixed-use development projects – and their high-dollar condominium facets – in an effort to correct with the market.
And for developers of West 7th project, that meant scraping the condos and replacing them with a better performing [...]
South Florida may have dodged some of the recent hurricanes, but it is still experiencing turbulence, especially in the condo market. Has it hit bottom yet? Peter Fitzgerald, COO of the The RADCO Cos., talks about what’s in the sector’s forecast.
Where does South Florida’s condominium market stand right now? Have you seen any recovery, or [...]
When large South Florida developers needed money, they often turned to Lehman Brothers.
That role ended in dramatic fashion when Lehman filed for bankruptcy protection. But Lehman still controls nearly $2 billion in large loans throughout the region, meaning the bank’s demise will play out across South Florida’s besieged real estate market.
Among the local projects Lehman [...]
The real estate business runs on jobs.
Oh sure, you need low interest rates and a ready supply of debt to do property market deals.
But for the industry to do really well, there has to be a sound economy and job growth.
Fortunately for Dallas-Fort Worth real estate developers and investors, this area leads the country in [...]
Inc. ranked Las Vegas real estate developer Group Gemstone today in the top five on its annual ranking of the 5,000 fastest-growing private companies in the country. Group Gemstone also ranked as the fastest growing real estate developer in America, as well as the fastest growing private company west of the Mississippi.
“We’re pleased that [...]
The housing market crisis in south Florida was a “perfect storm” of oversupply, fraud, speculation, and tight credit, and it could take a couple of years for the Miami condo market to work through its oversupply, Miami Mayor Manny Diaz said on Wednesday.
Many Miami real estate developers “clearly” built more housing units than they should [...]
Boston’s innovative effort to combat housing foreclosure’s effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester.
The Boston Redevelopment Authority selected Bilt-Rite Construction Inc. to purchase, fix up, and sell the city-controlled triple-deckers on the street, the epicenter of the city’s [...]
BLV Group CEO Raheem Brennerman laughs when asked about the perception that the only people buying luxury homes in London these days are from Russia, India and the Middle East.
“Let’s not get confused about that,” he said. “That is the market.”
BLV is developing 3-10 Grosvenor Crescent, a collection of 14 residential units in the heart [...]
In this soft market, there are still some developers forging ahead and creating new ownership opportunities as others have decided to close up shop and wait for calmer waters. Tennessee Land & Lakes is taking a pro-active approach, announcing the Grand Opening of Grande Harbour, a new community within Grande Vista Bay, on the shores [...]