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The New York Building Congress' Construction Outlook report suggests construction spending will reach $168.5 billion between 2020 and 2022.

New construction activity has been controlled, and 62% of new product is speculative.

Greystone closed the 10-year Freddie Mac loan for BLDG to refinance its 441,000-SF multifamily property, the Summit.

Factors like move-ins improved in September, but the market is still seeing high concessions.

The full building lease is Tampa Bay's largest office deal of the last several years

The transaction represents the first property in the Washington DC area to enter the market and close, since the onset of the COVID-19 pandemic.

In the second half of 2020, demand for industrial real estate has not only recovered, it has increased, and all signs point to unwavering demand for distribution spaces, even amid a global recession.

In July, 56% of new home communities raised prices in July, while only 39% of new home communities in July 2019.