A report from the Real Deal. "Three years later, Tom Barrack has buyer’s remorse. As his firm, Colony Capital, embarks on a $325 million venture into digital infrastructure, it first needs to offload much of its real estate portfolio from…
A report from the Philadelphia Inquirer in Pennsylvania. "Sales in Philadelphia, declined 15.4% from the year before, though they remain much higher than the historic average. 'I haven’t noticed any acute response or panic from the market — no one…
A report from Bloomberg. "The trustee representing bondholders who invested $250 million in a luxury dorm at the University of Oklahoma accused the college Monday of breaking a promise to lease retail and parking spaces over the 40-year term of…
A report from the New York Times. "The US luxury condominium and apartment market is in the midst of an amenities war. Prices for ultra-luxury condos in New York have been declining since peaking in 2016, according to StreetEasy. The…
A report from Go Local Prov in Rhode Island. "For nearly three years, the proposed 46-story Fane Tower has been meandering its way through a complex web of Rhode Island’s overlapping regulatory structures. Across the United States -- and including…
A report from the Wall Street Journal. "A strong appetite among foreign investors for office buildings, apartments, malls and other real estate has in part fueled the long-running bull market in U.S. commercial property. Now, amid a maturing property market…
A report from the New York Times. "Prices for ultraluxury condos in New York have been declining since peaking in 2016, according to StreetEasy. The site found a mismatch between decisions by developers to keep building bigger, better condos and…
It's Friday desk clearing time for this blogger. "With a real estate market with a glut of inventory, it takes more than an open house with cookies or cocktails to sell a property. To market a unit at mega-tower 432…
A report from 27 East in New York. "A court has ordered the sale of Ponquogue Point, the bankrupt condominium project on Foster Avenue in Hampton Bays that stalled when it was near completion. Construction began in 2014. The launch…
A report from the Press Democrat in California. "Last summer with the rental market still reeling from the 2017 North Bay wildfires, the three-bedroom home in the southeast Santa Rosa Kawana Springs neighborhood easily would have fetched the owner’s asking…