The firm has completed $1.3 billion in core plus and high-yield financing this year, GlobeSt.com has learned EXCLUSIVELY.

Vornado is also selling some retail properties at a loss.

"No one is debating the need for [impact fees], but how do we bring them into line and keep them reasonable so that they no longer represent 25% of the cost of a home?" said KT Catlin, executive officer of the Gold Coast Builders Association.

Newly-delivered LEED buildings are more resilient when the real estate market softens.