Area News
Driftwood Capital has launched a new Driftwood Lifestyle & Luxury Division (DLLUX), focusing on managing, investing in, and developing luxury and lifestyle hotels and branded …
Developers use branded condos to finance luxury hotels as some lenders back off
Luxury labels like Mercedes-Benz, Dolce & Gabbana and Baccarat now lend their names to condo projects, letting developers pre-sell “branded residences” to fund new five-star …
2025 Commercial Real Estate Outlook for Southwest Florida
Looking forward to growth in 2025 The Florida commercial market continues to grow in certain sectors and sizes. Many landlords and investors are seeing a …
This bid for one of Boston’s largest office towers shows how the value hits keep coming
The One Lincoln St. office tower in Boston was sold for $400 million at a foreclosure auction, a sharp decline from its $1 billion valuation …
Legislators look to fine-tune Florida’s affordable housing law
Florida lawmakers are updating the state’s affordable housing law, the Live Local Act, to address challenges developers face and streamline housing construction. The law, introduced …
Blackstone real estate debt fund closes with $8 billion in commitments
Blackstone has closed its latest real estate debt fund, Blackstone Real Estate Debt Strategies V, with $8 billion in total capital commitments, making it one …
US has now canceled about one in 10 active federal commercial real estate leases
The Trump administration has significantly accelerated its pace of terminating commercial real estate leases for federal agencies, with over 500 new lease cancellations since Friday, …
Million-Dollar Homes Skyrocket in Miami, as Starter Properties Go Extinct
In Miami, the luxury housing market has surged as wealthy buyers push home prices to unprecedented levels, making entry-level homes increasingly scarce. Between 2019 and …
Small Warehouses Are Getting Harder to Find
Half Price Books has been struggling to find a replacement for its 6,000-square-foot warehouse in the Minneapolis-St. Paul area for over a year due to …
Florida’s Condo Crisis Sparks Warning
Florida’s new condo safety law, SB 4D, enacted after the 2021 Surfside collapse, mandates inspections and full funding for repairs in aging condos. However, Republican …