A report from the South Florida Business Journal. "The Related Group proposed a 37-story apartment building with no on-site parking in downtown Miami. There’s an over-supply of condos on the market in downtown Miami and condo sales have slowed during…
Two reports from the Real Deal on Florida. "Ed Brown, former Patrón Spirits CEO, sold his oceanfront Hillsboro Beach mansion at a loss, for $16.5 million. Luxury spec home developer Mark Timothy built the home in 2017, the same year…
A report from Boston.com in Massachusetts. "'The Boston condo market is a great example of what’s happening nationally,' said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential. Buyers are simply leaving the city and heading to the suburbs.'…
A report from the Wall Street Journal. "Signs of stress in New York City’s commercial properties are fueling investor bets that trouble in the nation’s largest real-estate market could spread pain nationwide. 'Distress in financial markets was all about residential…
A report from Arlington Now in Virginia. "The number of condos listed for sale in Arlington during September (261) ranks as the 2nd most in any month over the last 10+ years, trailing a record-setting April 2016 volume (268) by…
A report from the Boston Globe. "Massachusetts has one of the highest unemployment rates in the country, at 11.3 percent. Unemployment in the service sector is higher than in any other job category, and many of the state’s 622,000 service…
A report from the San Francisco Chronicle in California. "Sales tax data shows San Francisco’s population likely declined during the coronavirus pandemic, the city’s chief economist Ted Egan told The Chronicle. 'We’re the worst in the state,' he said. 'That’s…
It's Friday desk clearing time for this blogger. "Record vacancies dropped Manhattan apartment rental prices to their lowest levels in seven years as tenants continued to flee the city. The number of apartment listings tripled from a year earlier to…
A report from Realtor.com. "Steve Mariucc is prepped to take a loss on his New York City apartment. The NFL Network analyst has put the Upper East Side condo on the market for $2,595,000. The offensive guru purchased the three-bedroom…
A report from Bloomberg. "It was considered one of the root causes of the global financial crisis, and regulators have spent over a decade trying to stamp the practice out. Yet Kroll Bond Rating Agency Inc.’s $2 million fine this…