This Week's Most Popular
advertisement
Search Results
 |
Miami Chips Away at Condo Supply Glut
Clouds are lifting over Miami's beleaguered condo market following a boom-and-bust cycle of epic proportions. Condo sales and occupancy rates are on the rise, according to a study commissioned by the City of Miami's Downtown Development Authority and conducted in partnership with Goodkin Consulting and Focus Real Estate Advisors LLC. We're coming out of the most prolific overbuilding in the history
After the Condo Crash, Miami Market Rebounds
After the Condo Crash, Miami Market Rebounds
Crowd Zaps Condos at Miami Auction
Crowd Zaps Condos at Miami Auction
Carlton Launches CEX Mobile for Online Bidding
Carlton Launches CEX Mobile for Online Bidding
Developers Bet a Fortune on Vegas
CityCenter arrived on the Las Vegas Strip like a diva, dripping in sequins and shiny architectural garments. And why not, since the hotel, casino and retail project cost $8.5 billion to develop, according to its owners. Unofficial estimates put the cost closer to $11.2 billion. A joint venture between MGM Mirage (NYSE: MGM) and Infinity World Development Corp., a subsidiary of Dubai World, CityCenter
Starwood Capital Counts its Spoils
Now that Starwood Capital Group's conquest of failed Corus Bank's $4.5 billion portfolio is completed, the private equity firm is prowling for new deals, though the company isn't parting with any particulars about its quest. Starwood's next move hinges on the ambitions of chairman and CEO Barry Sternlicht. There are hints that he's in a holiday shopping mood. Barry's a very active guy. I'm sure there's
Starwood Capital Wins Bid for Corus Bank Assets
Starwood Capital Wins Bid for Corus Bank Assets
Ghost Towers Spur Condo Backlash
In Miami, some tenants are fleeing investor-owned rental units and returning to traditional apartments.
Ghost Towers Spur Condo Backlash
In Miami, some tenants are fleeing investor-owned rental units and returning to traditional apartments.
Nearly 50% of Apartment Landlords Lower Rents
Nearly 50% of Apartment Landlords Lower Rents
Dressing Up Old Seattle | In 2009, Seattle-based Vulcan will open a 19-story, 131,000 sq. ft. condo tower with 135 units
For decades, Seattle's South Lake Union section was known for the remnants of its industrial past an old sawmill, an early Boeing airplane plant, a Ford Model-T factory, and shipping wharfs. It was also known for faltering warehouses and crime before its renaissance began about five years ago. Ada Healey, vice president of real estate development for Seattle-based Vulcan, a technology, medical and
Florida's Economic Sweet Spot
A depressed housing market and record gas prices have plunged Florida's economy into recession, local economists report. But southeast Florida's luxury retail market offers a bright spot in the Sunshine State's otherwise bleak economic landscape. It is blossoming because of a combination of well-heeled residents and a steady flow of wealthy international travelers taking advantage of the weak dollar.
Do I Hear A Bid? Sprawling Long Island Mansions up for Auction
The distressed residential real estate market early this year generated plenty of headlines about sprawling Long Island mansions, surplus Miami condos and raw land around Las Vegas all going up for auction after owners fell on hard times. Now it's the commercial property sector's turn. Auction houses that have been preoccupied with foreclosed subdivisions now report a looming cascade of auctions featuring
Condo Workouts Breed Innovation
In overbuilt residential markets from Las Vegas to Miami, investors with unsold condominiums and their creditors are desperately seeking ways to cover debt service or unload their assets altogether. It's like somebody turned off the tap, says Miami real estate attorney Marty Schwartz. One day the market was hot and the next day it didn't exist anymore. Demand for condos in South Florida has virtually
Battered Mall Gets New Life
When Hurricane Wilma tore through South Florida in 2005, it damaged swaths of the City of Plantation near Fort Lauderdale, including the 18-year-old Fashion Mall. The mall's anchors, Macy's and Lord & Taylor, closed. Other tenants fled, and soon the 650,000 sq. ft. mall was nearly abandoned. But now the shopping center is getting a new identity as 321 North, a mixed-use development. The old enclosure
Residential Condo Glut to Worsen
Residential Condo Glut to Worsen
Downtrodden housing secto and edgy capital markets create unease
The gloom in the housing and credit markets is seeping into commercial real estate, challenging the conventional wisdom that luxury condominiums can better withstand a sluggish economy. Luxury condo developers today face tougher underwriting standards, higher capital costs and generally skittish lenders. In many cases, developers are shelving ambitious proposals as supply outstrips demand and prices
Stiff competition from rental condos with by a growing number of condominiums puts investors on edge
A long shadow hangs over the U.S. apartment market at the start of 2008. The combination of a potential supply glut fueled by a growing number of condominiums and single-family homes available for rent and the ongoing subprime mortgage crisis threatens the health of the sector. The upshot? Some markets are bound to fare better than others. There is a real divergence taking place right now in the apartment
Condo Sales Not Bigger, But Better, in Texas
The condo slump hasn't taken hold in Texas, where Dallas and Houston have emerged as markets that are bucking the national trend with accelerating sales volume for upper-end residences. Two of the strongest markets right now in the entire country for housing are Houston and Dallas/Fort Worth, says Robert Edelman, president of Dallas-based Drexel Development. The company has completed several Dallas
Poll: European Bank Stress Tests
advertisement
Blogs
-
BlackSwan
-
Traffic Court
This Week's Most Popular
Current Issue
Join the Conversation
