Jan 16
Office buildings that are outdated or that have been left partially or completely empty since the pandemic began are being reimagined. With a surge in demand for apartments, developers are remaking some underused office buildings into new living corridors. For example, a two-tower office building known as Park Center in Alexandria, Va., a suburb of Washington, …
Jan 16
Lumber prices are soaring once again: Following a dip last spring and summer, they have nearly tripled over the past four months. Builders say that increase has caused the price of an average new single-family home to rise by more than $18,600. It has also added nearly $7,300 to the price of an average new …
Jan 13
Supply chain backups for materials continue to hit the new-home market and are causing some new owners to have to move into unfinished homes, The Wall Street Journal reports. The problems stem from ongoing factory closures caused by the pandemic, transportation delays, and port capacity limits. The shortages are especially popping up in the lack …
Jan 12
When you hit the usual sales slump during the cold months, here’s what you can do to keep your business from freezing until spring. It’s that time of year again when most real estate professionals are bracing for a dip in sales in the cold winter months and many home buyers and sellers go into …
Jan 11
The office sector’s rents have essentially recovered from the huge hit they took during the beginning of the pandemic. But it may be due to property owners’ cash gifts and months of free rent offerings that may be winning tenants back and motivating them to sign leases for high-dollar rents. Never have the incentives and …
Jan 10
Florida shone as home to many of the hottest commercial markets in the country in the fourth quarter of 2021. The state boasts nine of the top 15 commercial real estate markets, according to the National Association of REALTORS®’ 2021 Q4 Commercial Real Estate Metro Market Reports. NAR’s Commercial Real Estate Market Conditions Index reflects …
Jan 09
Listing courtesy of David Farina – FARINA & BOESHE, INC $2,499,000 Original price: $2,599,000Est. Mortgage $14,457/mo*5 Beds4 Baths2401 Sq. Ft. Description about this home for sale at 18 60th St. Sea Isle City, NJ. 08243 True beach block town home (3rd from beach) corner property. Extraordinary views and access to beach & ocean. Unique, open …
Jan 09
Seeking to expand in the strong rental market, investors face many of the same challenges as would-be home buyers. About 63% of real estate investors recently surveyed cited the availability of inventory as the top challenge for the residential real estate investing business, according to the Winter 2021 RealtyTrac Investor Sentiment Survey, which measures investors’ …
Jan 06
Investment management company Blackstone this week reported that high returns in its real estate investments fueled record-setting fourth-quarter results. “Blackstone reported the most remarkable results in our history on virtually every metric,” Stephen Schwarzman, co-founder and chief executive, said as the company released its earnings results this week. Its $280 billion real estate business generated …
Jan 05
As COVID-19 travel restrictions began to lift last year, foreign investors flocked back to U.S. commercial real estate. Foreign investments exceeded pre-pandemic levels in 2021, a new report from Real Capital Analytics shows. Foreign investors purchased $70.8 billion of U.S. commercial real estate in 2021. That marks the highest total since 2018’s $94.6 billion. The …
Jan 04
The self-storage industry is seeing rapid growth as a result of the pandemic spurring more people to reorganize their homes, to find extra space as they work from home, and to move to the suburbs or move in with more family members. Thirty-eight percent of Americans reported being self-storage users, according to a newly released StorageCafe survey of about 17,000 survey …
Jan 03
The commercial real estate market is roaring back. U.S. commercial real estate investment volume in 2021 totaled a record high of $746 billion, a newly released CBRE report shows. That marks an 86% increase over the previous year. In context, however, that is a comparison to when the COVID-19 pandemic struck the U.S. in 2020 …
