Super wealthy individuals have snapped up homes in Miami and Palm Beach, driving up real-estate prices and squeezing out the less rich. As a result, millionaires have created a lavish enclave in Fort Lauderdale. This surge of millionaires in the city has led to a mansion-building spree and a rise in property prices.
Millionaires Who Can’t Afford Miami Are Flocking To This Florida City Read More »
Owning older condos has become quite expensive, especially in coastal areas with greater climate risks and more wear on buildings. This could create opportunities for investors to purchase condos at a discount to redevelop. However, a recent court ruling has made condo terminations much more difficult.
As 2024 officially hits its midway point, a second-quarter survey of CRE players by Altus Group found slightly more respondents were concerned about the possibility of a recession compared to the prior quarter, but a greater share felt better about debt capital availability.
CRE Expectations Mixed For Cost Of Capital, Dealmaking In Second Half Of 2024 Read More »
