The idea that vacant office buildings can be easily turned into apartments has become a common refrain in real estate discussions. With office vacancies rising, the supposed solution is to convert underused buildings into much-needed housing. But according to Carlo Batts, Principal & CEO of Reduxx Group and a commercial appraiser specializing in Philadelphia, the ...
Carlo Batts, Principal and CEO of Reduxx Group, says media coverage of Philadelphia’s real estate market is missing the region’s actual development story. While most reports focus on Fishtown, Northern Liberties, Center City, and Rittenhouse Square, Batts argues that the real growth and opportunity lie in the first and second ring suburbs, communities with regional ...
Commercial real estate has faced a sharp slowdown as higher interest rates disrupt decades-old valuation models. Cap rates have risen, deal volume has dropped, and investors have pulled back. Yet Carlo Batts, Principal & CEO of Reduxx Group, who appraises hundreds of properties across the Philadelphia region, says the real story is not about weak ...
Miami’s urban redevelopment is revealing a gap between developer land grabs and actual neighborhood change, according to Irene Dakota, Senior Commercial Advisor at Metro 1 Commercial. Dakota, who has observed Miami’s core neighborhoods for over two decades, says that while developers have quickly assembled land in target areas like Magic City, the real transformation depends ...
Miami’s commercial real estate market is facing a severe supply constraint that has dramatically reduced the availability of off-market deals, according to veteran broker Irene Dakota. Where brokers once relied on a steady pipeline of unlisted land and property opportunities, that channel has nearly dried up, forcing a reevaluation of traditional deal sourcing strategies. “Very ...
Connecticut’s commercial real estate financing market has split into clear tiers, driven by a fundamental question that now determines whether a property can access capital: Is there a rent level that still makes the economics work, even under stress? For multifamily properties, the answer remains yes. For office buildings, it is increasingly no. Jeff Kravet, ...
The difference between owning a four-unit building and a five-unit building is not just one additional apartment. According to Niko Apostal, managing broker at Essex Three-Twelve, it represents a sharp financing divide that changes deal economics, buyer profiles, and wealth-building strategies in ways that are often overlooked. Federal financing rules treat one- to four-unit properties ...
The multifamily industry is prioritizing the wrong tenants, according to one Miami developer who says most new construction targets investors and second-home buyers rather than the workers who sustain local economies. Lisette Calderon, CEO of Neology Group, points to occupancy as evidence. “Nothing gives me greater pride than when I drive through our buildings at ...
Chicago’s small multifamily housing shortage is not due to a lack of demand or insufficient capital. According to Niko Apostal, managing broker at Essex Three-Twelve, the problem is a regulatory system that has effectively halted new construction in one of the city’s most crucial housing sectors. “Nobody’s building two to four flats anymore, and it’s ...
Chicago’s small multifamily investors are facing mounting financial pressure from two sources that are increasingly difficult to plan for: rapidly rising property taxes and insurance costs. These fixed expenses, which are outpacing rent growth, are creating new risks for owners and threatening the profitability of buildings that, until recently, were considered solid investments. “The biggest ...
Miami’s industrial real estate market is seeing a shift in how new warehouse properties are bought and sold. According to Irene Dakota, Senior Commercial Advisor at Metro 1 Commercial, the latest wave of amenity-rich warehouses in Miami’s urban core is being absorbed almost entirely by cash-paying owner-occupants. These buyers prioritize operational efficiency and proximity over ...
A new challenge is emerging in Central Florida’s real estate market: homeowners who bought at the height of the pandemic boom are finding themselves unable to sell without taking a loss, creating a potential surge of distressed sales in neighborhoods that had previously remained stable. Patricia de Graaff, a licensed realtor and broker associate with ...
Two consecutive hurricane seasons have divided Sarasota’s waterfront real estate market, with newer, hurricane-resistant homes commanding significant price advantages while older properties linger on the market and face rising costs. Sarasota’s luxury waterfront market is undergoing a measurable shift driven by recent storm performance. According to Laura Pearson, real estate advisor at Premier Sotheby’s International ...
The U.S. housing market is weighed down by a vast inventory of low-rate mortgages that could help unfreeze sales, but a fundamental flaw in how Multiple Listing Service (MLS) data is handled means buyers rarely see these opportunities. Andy Taylor, founder and CEO of RetroRate, estimates that about 22% of all homes with mortgages have ...
For more than two decades, real estate technology companies have built consumer-facing search tools and agent platforms. Yet a core problem persists: the data powering these systems is often unreliable, inconsistent, and fragmented across states and counties. Andy Taylor, founder and CEO of RetroRate and former VP of Product at Redfin, says the challenge of ...
