Santa Monica, long considered one of Los Angeles’ most desirable rental markets, is experiencing a surge in luxury multifamily construction that is testing the limits of local demand. The influx of new, high-end apartment buildings has prompted questions about whether the area can support both the volume of new units and the steep rents being ...
The commercial real estate industry faces a retention crisis that most firms avoid discussing publicly. According to Joe Killinger, partner and co-founder of Commercial Brokers International, the vast majority of new commercial real estate agents leave the field within three years. “It’s 87 to 92% after around three years” who exit the industry entirely, Killinger ...
Since the Surfside condo collapse, Miami’s condominium market has divided sharply between older buildings and new construction. According to Nayla Benitez, associate broker with Berkshire Hathaway HomeServices EWM Realty, new mandatory safety regulations have not reassured buyers as intended. Instead, she says, they have deepened skepticism toward older properties and accelerated a local affordability crisis. ...
Builder-offered rate buydowns are drawing buyers away from resale homes in Jacksonville, creating a market split where financing terms, not home quality, determine buyer decisions, according to Jan Rice, a licensed realtor with Momentum Realty Jacksonville. A Growing Divide in Mortgage Rates Jacksonville’s residential market is seeing a pronounced gap in financing options. While national ...
Inventory glut and weak buyer demand have created a two-tier market in Jacksonville, where only sellers willing to cut prices are closing deals, according to Jan Rice, a licensed realtor with Momentum Realty Jacksonville. As of November, about 11,000 homes are listed on the MLS, with roughly 8,000 of those sitting unsold for more than ...
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, ...
A former international fashion designer argues that luxury real estate marketing often misses what affluent buyers are truly seeking. Laura Pearson, a real estate advisor with Premier Sotheby’s International Realty in Sarasota and a veteran of 25 years in international fashion design, says the move toward coastal contemporary design is not just about changing tastes, ...
A longstanding practice in commercial real estate may be costing property sellers hundreds of thousands of dollars without their knowledge, according to Connecticut broker Jeff Kravet. Major national brokerages, he says, routinely refuse to cooperate with competing brokers on investment sales, limiting the pool of buyers and often resulting in lower sale prices for their ...
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 ...
