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Steve Marcinuk
26 Dec 2025

Florida’s shortage of available land in key development corridors is not primarily due to limited geography or environmental regulation, according to Bill Eshenbaugh, founder of Eshenbaugh Land Company. Instead, he points to the decision-making of multigenerational landowners, who keep productive land off the market even as prices soften and development demand slows. “Landowners today are ...

Steve Marcinuk
26 Dec 2025

In Tampa Bay, institutional investors are not holding back capital in hopes of lower prices or improved sentiment. Instead, the extended timeline from land purchase to certificate of occupancy is making it almost impossible to underwrite new projects with confidence, according to Bill Eshenbaugh, founder of Eshenbaugh Land Company. Delays in permitting, regulatory changes, and ...

Steve Marcinuk
26 Dec 2025

The home equity line of credit (HELOC), once a standard financial tool for American homeowners, is now nearly unavailable from mainstream lenders. Geoff Ball, President of HD Lending, LLC, describes HELOCs as “one of the hardest loans to get in the industry,” pointing to a dramatic shift in the lending landscape. Ball, a hard-money lender ...

Steve Marcinuk
25 Dec 2025

Restored bonus depreciation provisions in 2025 are creating tax advantages for short-term rental (STR) investors that long-term residential landlords cannot access, according to Lucas Piper, owner of Five Star Vacation Home Rentals in Austin. Piper argues that these tax benefits are the strongest reason to prioritize STR investments over traditional rental strategies in the coming ...

Steve Marcinuk
23 Dec 2025

The widespread shift to remote and hybrid work has left office and retail real estate with more space than companies now need, creating a long-term oversupply that persists regardless of return-to-office mandates. As interest-only commercial loans mature, owners face a refinancing crisis intensified by sharply higher rates. Chad Cummings, a managing attorney at Cummings & ...

Steve Marcinuk
23 Dec 2025

Rising insurance costs in coastal markets are quietly redirecting short-term rental (STR) investment away from traditional hubs like Florida toward secondary markets with better risk-adjusted returns. Emir Dukic, CEO of Rabbu, an STR marketplace platform, says this shift is happening essentially out of public view but is having a profound impact on where capital is ...

Steve Marcinuk
22 Dec 2025

Competitive bidding at commercial real estate foreclosure auctions is providing a concrete signal that the market may be entering the initial phase of recovery, according to Mandi Wedin, Founder and CEO of Feroce Real Estate Advisors, who closely monitors auction results as an indicator of capital flow. “An interesting item I look for regularly is ...

Steve Marcinuk
21 Dec 2025

Industry data indicates that cities considering short-term rental (STR) restrictions should look closely at New York City’s experience, where the main beneficiaries of the ban have been hotels and hotel unions rather than residents seeking affordable housing. New York City’s near-total ban on STRs was launched with a clear goal: address the affordable housing shortage ...

Steve Marcinuk
20 Dec 2025

tZERO CEO Alan Konevsky says real estate tokenization is operational, with projects trading and assets moving, but the market remains limited to niche alternative trading systems and specialized use cases. The technology has proven viable, but widespread adoption remains elusive. According to Konevsky, the industry now faces a different challenge: moving from boutique infrastructure to ...

Steve Marcinuk
18 Dec 2025

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 ...

Steve Marcinuk
17 Dec 2025

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 ...

Steve Marcinuk
16 Dec 2025

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, ...

Steve Marcinuk
16 Dec 2025

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 ...

Steve Marcinuk
15 Dec 2025

Developers nationwide are finding it increasingly difficult to make multifamily projects financially feasible as construction costs remain high and access to capital tightens. Lisette Calderon, CEO of Neology Group in Miami, argues that the only reliable solution is a level of vertical integration that most firms have not attempted. Calderon says Neology Group now performs ...

Steve Marcinuk
15 Dec 2025

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 ...