New York City’s commercial real estate market processes about 50 million square feet of lease transactions each year, a scale unmatched in other U.S. cities. Norman Bobrow, founder of Norman Bobrow & Co., has spent 45 years building a brokerage business that stands out by following a strict rule: represent only tenants, never landlords. “I can’t ...
Linda Fleischer of Coldwell Banker Realty says fear of unpredictable HOA increases is making Florida condos nearly unsellable to the demographic that should want them most. Florida’s condominium market is facing a crisis that goes beyond recent changes to reserve requirements and new mandates for special assessments. According to Linda Fleischer, a licensed real estate ...
The public construction industry faces a pricing disorder that surpasses the confusion of pre-Internet real estate, according to one industry insider. While residential homebuyers once struggled to value properties without reliable sales data, contractors bidding on public infrastructure projects face even greater information gaps—resulting in bids on identical projects that can differ by millions of ...
Among major American industries, construction remains uniquely disconnected from aggregated data infrastructure. Unlike real estate, which has centralized platforms like Zillow or financial markets with Bloomberg terminals, construction relies on information scattered across thousands of municipal filing cabinets. All relevant data is technically public record, but until recently, almost none of it was accessible in ...
Norman Bobrow, president and founder of Norman Bobrow & Co., Inc., warns that office buildings financed above 65% loan-to-value face fundamentally different constraints than conservatively financed properties – and tenants are bearing the consequences. The current distress in the office real estate market is directly attributable to overleveraging during the last expansion cycle, according to ...
Ohio developers face a permitting problem unrelated to market demand or project quality, according to Brian Lorenz, Director of Planning and Permitting for the Ohio House of Representatives. Instead, Lorenz says, developers must navigate overlapping jurisdictions that require the same permit applications to be submitted multiple times—often with conflicting requirements that can make projects economically ...
As real estate prices in established Midwest markets climb beyond the reach of many adaptive reuse projects, developers are reconsidering where to invest. According to one industry executive, secondary markets are positioned to benefit from an apparent economic reality: the cost of acquiring and converting buildings in legacy cities remains dramatically lower than in their ...
The multifamily acquisition market is splitting into two distinct channels with very different economics, according to one acquisitions executive who has closed over $300 million in transactions. While institutional capital typically targets properties marketed publicly through major brokerages, a growing group of operators is finding better pricing and deal structures by negotiating directly with owners ...
Institutional investors entering secondary markets often overlook how neighborhood opposition and complex entitlements can derail otherwise viable projects, according to a Kansas City developer who advises fund managers. When institutional investors move into secondary markets, they typically bring strategies honed in significant cities, detailed market analysis, and the belief that their resources can overcome local ...
Industry veteran Sergio Grado, who has worked across Houston, Dallas, Austin, and San Antonio for over two decades, says Texas’s major real estate markets now face distinct challenges that generic investment strategies cannot address. Grado, a second-generation builder with experience in construction, business development, and distribution throughout Texas, observes that the differences among Houston, Dallas, ...
A severe labor shortage in landscaping and grounds maintenance is quietly pushing up costs and complicating project timelines for commercial real estate developers across Texas. Sergio Grado, a business development professional with experience at an international landscape architecture firm and founder of GradCo Distributors, says the workforce contraction is reshaping the economics of new construction ...
The Phoenix metropolitan area has rapidly evolved from a relatively quiet city in the 1990s into one of the nation’s most active construction markets. Jim Roland, Senior Vice President of Arizona Operations at Alcorn Construction, has worked in the region for nearly three decades and has seen firsthand how Phoenix has attracted national and international ...
Jeff Biebuyck, Southern California founder, reveals what’s really happening in high-end markets as insurance challenges add to growing uncertainty Jeff Biebuyck is candid about the state of today’s luxury real estate market. As co-founder of Frontgate Real Estate at Compass and a consistent top 1 % producer nationally, he has built and scaled a 60+ ...
The new construction market in South Florida has split into sharply distinct segments, with pricing strategies diverging to the point that communities across the street are operating in entirely different markets. According to Raymond Fernandez, a relocation specialist at eXp Realty who focuses on new construction in Palm Beach County, builders’ approaches and incentives have ...
According to Linda Fleischer of Coldwell Banker Realty, insurance costs—not property values—now determine whether waterfront deals close in Tampa Bay The Tampa Bay residential market is undergoing a significant reset, driven not by property values or desirability, but by the rising monthly cost of flood insurance. Linda Fleischer, a licensed real estate agent with Coldwell ...
