Features

Murdoch Capital LLC and Parkway Partners, two Houston-based privately held real estate investment companies, formed a joint venture for the acquisition and redevelopment of the former Toys R Us.

“The south side of Chicago presents a unique opportunity for apartment building investors to achieve exceptional cash flow and still have good appreciation potential."

With oil recently falling to 18-month lows in late December, there are concerns that the recovery of the Houston economy could stall if oil's market price remains below $50 per barrel for an extended period.

The city charges in its lawsuit that Metropolitan Property Group, the Katris and the agents, along with 18 alleged corporate entities affiliated with the employees, turned at least 130 apartments across 35 residential buildings, including one entire building in East Harlem, into illegal short-term rentals primarily through Airbnb.

The 95-year-old Dexter Horton building sold to CIM Group for $151 million, but the acquisition may be the last as growth may slow with rising interest rates and reduced global activity signaling the cycle's end.

The DFW market is still stable in the New Year as buyers are looking to acquire properties and owners are still selling, with one example being Fox Creek's ownership planning to increase rents to market norms.

George Comfort & Sons' Duncan, who noted that the firm has holdings and development projects in New York City, Westchester and Fairfield County, CT, said that the city's suburbs should benefit from what he still considers will be a “very robust” New York City commercial market.

Comment letters give a sense of how developers are thinking about using the Opportunity Zones.