Weekly News Roundup Wealthy Betting on Ultra-Luxury Market Despite a chill in the overall housing market, ultraluxury home sales in areas like New York, South Florida and Los Angeles are accelerating as the wealthy buyers bet on real estate’s long-term value. Since February, the number of homes sold for $10 million or more has surged…
Weekly News Roundup Stadium Projects Revitalize Downtowns A growing number of U.S. cities are embracing an alternative approach to revitalizing sleepy downtowns: Strike a deal with a local sports team to usher in a giant real-estate project. The creation of whole neighborhoods anchored by new sports stadiums or entertainment arenas is emerging as a real-estate…
Weekly News Roundup GenZ Shapes Rental Market From baby boomers to Gen Xers to millennials, American professionals used to have a somewhat common trajectory. Young adults graduated, moved to the city and rented a basic apartment. Eventually, the city became a community. Not so for some Gen Zers, who are opting for a new urban…
Weekly News Roundup Home Sales Report Big Drop Sales of existing homes in March posted their biggest monthly decline in more than two years, after mounting economic uncertainty roiled the housing market at the start of the critical spring selling season. U.S. existing-home sales fell 5.9% in March from the prior month to a seasonally…
Weekly News Roundup Mobile Home Boom Mobile home investing is an unsexy, little-known sector meeting a nearly bottomless demand, and earning some of the best returns in the housing industry. Its low price of entry is allowing an entirely new crop of entrepreneur — many of them Black, as the Sellerses are, or coming from…
Weekly News Roundup Lux Real Estate Pauses Market gyrations and tariffs, both current and pending, are casting a shadow on high-end property as buyers pull out of deals or tap the brakes amid global economic uncertainty. In the U.S., the richest 10% have 36.3% of their total assets in stocks and mutual funds, according to…
Weekly News Roundup Boom in Defense Real Estate Defense and aerospace companies leased 11.3 million square feet in 2024, up from 7.1 million in 2022, said Tom Taylor, who manages the aerospace and defense practice at JLL, a real estate firm. The leased spaces typically have large open-floor plans for machinery and manufacturing, high ceilings…
Weekly News Roundup Shopping Mall Comeback High-end malls are nearly fully occupied and rents are rising. Leasing is even starting to pick up in second-tier properties, as expanding retailers jockey for limited available space. Business is so good at Westfield malls that its European owner, Unibail-Rodamco-Westfield, has decided to stick around the U.S. The Paris-headquartered…