News

For-sale inventory in June remained tight, at a 3.9-months' supply for single-family homes and 5.5-months' supply for townhouse-condo properties, according to Florida Realtors.

Whitley Penn recently leased two full floors in Frost Tower, downtown's newest high-rise, as the accounting firm looks to be a major presence in the market and offer its employees better life quality.

Tariffs and other trade-related concerns have created price pressures on new development due to increased input costs, but a positive outlook remains for the Houston metro, with a strong hiring spread.

The 500,000 square-foot contemporary office building is expected to be completed in 2021.

The Tampa-based firm says it plans to undertake approximately $3.5 million in capital improvements at the complex at 812 S. Park Road. The property that at the time of closing was 97% occupied.

The de Blasio administration reports that the city financed 32,116 affordable homes in 2017, which broke the all-time record set by the administration of Mayor Ed Koch in 1989 at 25,243 units.

The REIT is becoming the managing partner, purchasing a minority interest in the 2 million square-foot property in the Hudson Yards district.

Scott Rechler says New York City needs to address its transit and traffic problems to preserve its status as a world class city.