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Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Like Blackstone's AIR Communities deal, this transaction boosts hope that multifamily is recovering.
Office and some multifamily types are the big concerns say the regulator.
Insurance premiums rose 27.7% YOY in January
Typical US renters must earn $64,000 per year to afford an apartment.
Companies are seeking prime office amenities to recruit and retain talent.
The move has been triggered by the Steward Health Care bankruptcy.
'Cracks are forming beneath the surface,' says Cushman & Wakefield.
Homebuilders are 'increasingly pulling back' on building plans.
Bank also plans three new financial centers in South Florida.
While lower-income renters struggled to find affordable rentals, more higher-rent units came on the market