Condominiums conversions are back … in a few places. Developers are buying hundreds of millions of dollars’ worth of properties to convert to for-sale condominium housing, but only in a handful of cities. “Two-thirds of these conversion projects are in Manhattan,” says Ben Thypin Director of Market Analysis for Real Capital Analytics. Developers paid $1.1 billion for buildings that they converted into condominiums in 2013. That’s the highest volume of ...
NREIonline.com Freemium Content
"Printer-friendly" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.