Home values in Stamford, Connecticut, have climbed sharply in recent years, reshaping the market for both buyers and sellers. Properties that once sold for under $700,000 are now approaching or surpassing the million-dollar mark. “A house that sold for $650,000 in 2019 is now listing at $899,000 and selling for close to a million,” says ...
The palm-lined streets of Bel Air, Pacific Palisades, and other prestigious neighborhoods north of Sunset Boulevard have long represented the pinnacle of California luxury living. But a combination of climate change, devastating wildfires, and insurance industry upheaval is significantly altering the economics of high-end real estate in these coveted areas. “When you’re buying a house ...
With median home prices exceeding $800,000 and many residents spending over half their income on rent, California’s housing crisis requires decisive action. Two significant policy approaches are gaining traction: strengthened housing element requirements through Senate Bill 828 and the expansion of ministerial approval processes that eliminate lengthy, unpredictable reviews. “Building more housing isn’t going to ...
In today’s evolving commercial real estate landscape, data-driven decision making has transitioned from competitive advantage to absolute necessity. As organizations navigate the complexities of hybrid work models, cost optimization, and sustainability requirements, occupancy intelligence has emerged as a critical tool for forward-thinking CRE leaders. “Traditional methods of planning and allocating space based on headcount alone ...
“Housing has become unaffordable, so people are now viewing renting as a positive alternative where you can save money and invest it elsewhere,” observes Rob Golfi, Team Leader at RE/MAX Golfi Team, highlighting a significant change in how North Americans approach housing. For decades, the traditional path to financial security has been clear: buy a ...
“We’re seeing renewed activity both on the buyer side and on the development side this year. There’s been a strong appetite for development projects and the market seems to be trending upwards,” explains Shaun Pappas, Partner at Starr Associates. After years of volatility following the pandemic, New York’s real estate market is showing promising signs ...
“Indianapolis has always had a strong local buyer group,” notes Cameron Benz, First Vice President with CBRE‘s Indianapolis-based Multifamily team, “but with older vintage properties, you see more coastal buyers.” This shift represents a growing trend in commercial real estate that’s reshaping the multifamily investment landscape across the Midwest. Safety and Cash Flow: The Midwest ...
“San Francisco appears have bounced off the bottom and is starting to come back,” says Brad Lagomarsino, Vice Chair of Multi-Family Investments at Colliers in San Francisco. After years of negative headlines and market uncertainty, the city’s multi-family sector is seeing renewed interest from institutional investors and family offices, marking what could be a significant ...
“Sustainability is not a scalable approach if it’s just about thoughts and feelings and the idea of being green,” says Joselyn Lai, Co-Founder and CEO of Bedrock Energy. “Sustainability is actually something that will grow because you have the dual benefit, or sometimes even triple benefit, of being clean, but also healthier for occupants, and ...
“We get a lot of calls where homeowners say, ‘You sent me a letter, but this is not possible.’ And we’re like, ‘Actually it is.’ Some people just don’t even see the opportunity. We’re blowing minds left and right,” says Gloria Riechers, co-founder of Riechers Engineering, a firm specializing in lot splits under California’s Senate ...
As complex market dynamics continue to reshape commercial real estate development, seasoned professionals are finding innovative ways to structure deals. Carl Riggins, a mortgage banker at Northmarq, brings a comprehensive approach to development financing that spans the entire capital stack. Since joining Northmarq in 2022, Riggins has distinguished himself by leveraging an extensive network of ...
