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New apartment complex in downtown Sarasota sells for $444,444 per unit

The DeSota apartment complex in downtown Sarasota The developers sold a new luxury apartment complex in downtown Sarasota for $444,444 per unit – which may be one of the highest unit prices ever paid for a multifamily property in Florida. El Paso, Texas-based Hunt and co-developer Carter USA sold The DeSota, a [...]

Construction stops on hotel at golf resort in West Palm Beach as contractor files liens

Banyan Cay Resort renderings, Domenic Gatto and Jack Nicklaus Construction of a hotel at a golf resort in West Palm Beach has stopped, and the general contractor has filed $7.7 million of liens on the property. No construction crews have worked on the hotel project in the last three weeks, the Palm [...]

Chicago activist lambasted greedy developers for years. What happens now that he’s in charge?

Alderman Byron Sigcho-Lopez (25th)
Alderman Byron Sigcho-Lopez (25th) About three dozen Chicago real estate bigwigs and other business leaders gathered at the Soho House in Fulton Market last month to talk about the political vise that seemed to be closing in around them. Already high property taxes had nowhere to go but up, affordable housing requirements [...]

Maryland pension cuts REITs out of portfolio

Nancy Kopp, Maryland State Treasurer and Chair of the Maryland State Retirement and Pension System
Nancy Kopp, Maryland State Treasurer and Chair of the Maryland State Retirement and Pension System Managers of the $52.7-billion fund announced last year that they would review its strategy regarding allocations to two REITs totaling $785.8 million, IPE Real Assets reported. The system has $4.1 billion in real estate. Consultant firm Meketa [...]

Toll Brothers' record shows the housing boom has no end in sight

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Should I get a fixed- or adjustable-rate mortgage?

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Zillow buys a mortgage lender and the stock tanks

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Looking for a home in Berlin or Budapest? Prepare to pay more

Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank. [...]