Hartford’s effort to convert vacant office buildings into housing reveals the limits of adaptive reuse as a large-scale solution. The city’s experience shows the idea is appealing, but execution challenges often make broad policy goals unworkable. David Steuber, Executive Director of the Capital Region Development Authority (CRDA), says the main obstacle is that each building ...
The rapid expansion of artificial intelligence in the United States is driving unprecedented demand for data center infrastructure. Yet in many secondary and tertiary markets, local opposition, often fueled by misunderstandings about data center operations, has become a major barrier to new development. Steve Zuber, Principal at BARBERMURPHY, says that in much of the Midwest, ...
South Florida’s mixed-use developments are evolving from retail-driven centers into modern city plazas, where retail serves a supporting role. According to Nicolas Pinzon, Associate Principal at RSP Architects, this shift reflects a new understanding of how these developments should function in urban life. Pinzon, who joined RSP’s Miami office four months ago and has three ...
Year-round outdoor living gives South Florida a clear advantage in how mixed-use projects are designed, built, and marketed, according to Nicolas Pinzon, Associate Principal at RSP Architects. Pinzon, with 25 years of experience designing projects in Europe and Latin America, says this climate advantage is not just about lifestyle; it directly influences the economics and ...
Manufactured housing is gaining traction as an institutional asset class, according to Gene Kim, who leads manufactured housing origination at Ascent Developer Solutions. Kim and other industry professionals cite improved product quality and the need for affordable housing as key reasons factory-built homes are attracting institutional investors and dedicated lenders. Kim describes the affordability gap ...
Developers are actively acquiring single-story warehouses south of the Queensborough Bridge and plan to replace them with five- to seven-story residential buildings. This strategy is creating a new arbitrage opportunity in Queens as rezoning unlocks higher-value residential development on former industrial sites. A growing group of investors is targeting industrial properties in Queens for residential ...
Sophisticated buyers who once treated contamination as a manageable cost are now walking away from industrial properties with environmental issues, sharply narrowing what qualifies as investable in Northern Brooklyn. Environmental due diligence has shifted from a routine step to a decisive filter for Brooklyn’s industrial investors. Eitan Hakami, a licensed associate broker at Greiner-Maltz Real ...
Conservative lending practices are creating a financing gap in Brooklyn and Queens industrial real estate, pushing more transactions toward seller financing and all-cash deals as buyers struggle to secure traditional loans. Eitan Hakami, a licensed associate broker at Greiner-Maltz Real Estate specializing in Brooklyn-Queens industrial properties, reports that a consistent pattern of low bank appraisals ...
Entitlement timelines have become as critical as labor costs and logistics access in determining which markets capture industrial investment, according to David Ebrahimzadeh, President and Founder of Corniche Capital. Developers now face a clear divide between regions where approvals stretch into years and those where projects can move from site plan to permits in a ...
A persistent issue in real estate development rarely receives direct attention: many cities lack clear knowledge of their infrastructure capacity, making it difficult or impossible for developers to obtain straightforward answers about water and sewer availability. According to Waleed Albakry, Planning Director for the City of Danbury, Connecticut, this knowledge gap drives investors and developers ...
Social media has become the primary way travelers discover hotels, reshaping which properties can command premium pricing and what guests actually value. As major chains continue to standardize offerings across markets, a growing segment of travelers is actively seeking experiences tied to place and community rather than interchangeable comfort. This shift is changing how properties ...
Farmington Hills, a suburb of Detroit, is undergoing a wave of new development, marked by three major projects: the demolition and rebuild of a shopping center, a 76-unit condo development on a long-vacant orphanage site, and a series of office-to-residential conversions along one of metro Detroit’s most affluent corridors. Construction cranes are now a common ...
Senior housing projects built over the past three to four years are becoming a significant source of risk in the sector, as many are failing to lease up as projected and now face refinancing challenges with the maturity of their initial bridge loans, according to Nachum Soroka, Vice President of the Healthcare Group at Eastern ...
Hartford lost roughly 700 hotel rooms during the COVID-19 pandemic. Rebuilding that inventory now presents challenges beyond standard real estate calculations. According to David Steuber, Executive Director of the Capital Region Development Authority (CRDA), the main issue is the growing gap between the high demand from major conventions and the lower baseline demand from routine ...
Healthcare real estate, particularly skilled nursing facilities, is attracting new capital as lenders recognize a deposit advantage that multifamily and office properties cannot match, according to Nachum Soroka, Vice President of the Healthcare Group at Eastern Union. Regional banks, debt funds, and alternative life insurance companies are increasingly interested in senior housing. This is driven ...
