While many builders are inserting escalation clauses to protect against rising material costs, one Connecticut firm is taking the opposite approach, absorbing most cost increases rather than passing them to buyers. “We take a lot of pride in being an at-risk builder…once you sign a contract with us, if materials end up costing more, whether ...
While much of the nation grapples with market uncertainty and growing inventory, Connecticut faces a persistent and intensifying housing shortage that shows no signs of easing, according to a veteran builder in the state. “Here in Connecticut, we have kind of a unique situation. We continue to have record level shortage in housing here. So ...
Contrary to widespread predictions of retail’s demise, shopping centers are experiencing a post-pandemic resurgence, according to Charlie Friedler, Vice President of Leasing at CityView Commercial. “We’re seeing an increase in sales of around 30% with our tenants,” Friedler reports, noting that retailers are achieving higher revenues despite reduced overhead. This performance contradicts the popular narrative ...
A concerning trend is emerging in affordable housing: manufactured home communities are disappearing, and according to one industry expert, they can’t be replaced. “You can’t build any more mobile home parks, it’s truly something that’s diminishing in supply,” says Michael Anise, CEO of FG Communities. “Our value of the portfolio increases every day, because it’s ...
Los Angeles real estate expert Sara Skelton, a Realtor at eXP Realty and host of The LA Real Estate Podcast, says California’s property insurance market is rapidly contracting, creating a new crisis for homeowners and buyers in high-risk areas. The Shrinking Market “As of a couple of years ago, there was only two insurance companies ...
The solution to America’s housing affordability crisis might not require building a single new structure, according to Craig Curelop, co-founder of The FI Team at eXp Realty. Instead, he argues that reimagining how we use existing single-family homes could dramatically expand housing availability almost overnight. “With our current infrastructure, we could basically 6-7-8 times the ...
A wave of distressed commercial properties could soon hit the market as developers grapple with dramatically higher refinancing costs, according to Charlie Friedler, Vice President of Leasing at CityView Commercial. “They budget out at 3% interest…and then at this time we’re looking at commercial interest rates at 5.5%,” Friedler says, highlighting the severe impact of ...
A critical gap exists in South Florida’s residential market that most developers have overlooked, according to Jerad Graham, Development Principal at Kastelo Development. “The medium density residential hasn’t been built for both economic reasons and also for policy and regulatory reasons,” Graham says, highlighting an opportunity that could reshape the region’s housing landscape. The Market ...
In an era of increasing housing transience, one sector stands out for its remarkable stability: manufactured housing communities, where average tenancy stretches nearly two decades, according to one industry leader. “The average tenant in our communities stays for over 17 years,” says Michael Anise, CEO of FG Communities. “A lot of them just pass it ...
“When interest rates rise and markets falter, that’s when real expertise matters,” says Joel Miller, Managing Partner at Wall Street Capital Partners and host of the Mornings with Joel: Commercial Real Estate Podcast. “Anyone can succeed in rising markets, but finding value during challenging periods requires experience and relationships.” In a commercial real estate landscape ...
The construction technology landscape in Latin America is experiencing significant change as companies adapt to economic headwinds while capitalizing on nearshoring opportunities. At the center of this development is Licify, a Colombian proptech company that has expanded far beyond its original procurement platform to become what Fernando Olloqui, Founder & CEO of Licify, describes as ...
Urban infill development in Florida is undergoing a dramatic transformation, as developers find creative ways to maximize compact sites while delivering luxury amenities. Jerad Graham, Development Principal at Kastelo Development, says this evolution requires rethinking traditional approaches to space utilization. The Challenge of Urban Sites “Because it’s an urban infill project and not built out ...
Industry expert argues data-driven approach could eliminate costly programming mistakes in multifamily development. The real estate development industry continues to rely heavily on intuition and anecdotal evidence for major design and amenity decisions, potentially leaving millions in revenue on the table, according to one industry expert. Michael Broder, CEO of real estate analytics firm RCKRBX, ...
A leading Northwest broker is sounding the alarm about how private listing networks could fundamentally damage consumer interests in real estate, warning that market opacity benefits large brokerages at the expense of buyers and sellers. “The consumer has the most to lose. Period. End of story,” says OB Jacobi, President of Windermere Real Estate, which ...
