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The Big Jobs Number Is A Win For Luxury Housing

A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate brokerage. Redfin defines a home as […]

Construction Spending Ahead of 2015 Despite June Dip

Construction spending eased slightly in June, but the Census Bureau said today that it is still running substantially ahead of spending in the first six months of 2015. Spending in June was at a seasonally adjusted annual rate of $1.13 trillion compared to $1.40 trillion in May, a drop of 0.6 percent.  The June figure is […]

Top Six U.S. Cities for Office Occupancy Costs

Peaking office rents are becoming a problem in many markets. Tenants have shown they’re willing to expand, but as high demand pushes rents to record levels amid Brexit and the upcoming election turmoil, experts say tenants might have an excuse to delay decisions until 2017. Across the globe, trophy office rents increased 2.4 percent from mid-year […]

New Crown Jewel Of Tampa Skyline – Creative Designs Welcome

The city of Tampa is calling on firms to submit development proposals for one of the most prime real estate lots in downtown. The city released requests for proposals Friday on the property just north of Jackson Street known as the City Hall Parking Lot. “This is particularly exciting because this is essentially the most prominent undeveloped […]

Home Improvement Spending To Hit $321 Billion

Home equity is back, and headed for the bathroom — or the kitchen or the garage or wherever today’s homeowners see the greatest returns. Higher home prices have given people cash back and they are putting that cash to work in more — and bigger — remodeling projects. Growth in home improvement and repair expenditures will reach […]

Construction Of World’s Longest Immersed-Tube Tunnel – An $8-Billion Contract

The undersea tunnel will allow Denmark-to-Germany travel times of 10 minutes by car, 7 minutes by rail. The signing of large infrastructure contracts usually is followed by hectic activity. By contrast, the winning of contracts for the Femern Link, an $8-billion European program to construct the world’s longest immersed-tube tunnel, has been followed by a […]

A Tale Of Two Projects: The Heights & Vinik-Cascade

Tens of millions of dollars in road, drainage and sewer work is expected to start in August on two massive projects at the southern and northern ends of downtown Tampa. One, the Jeff Vinik-Cascade Investment project, has been the talk of Tampa for more than two years. The second is the Heights, just north of Interstate 275, […]

Why Florida Ranks No. 1 For Gross Income In U.S.

Apparently, Florida knows how to attract new talent: The Sunshine State had the highest net gross income as a result of out-of-state migration, according to a recent report by Headlight Data. Florida gained more than $10.7 billion from households moving to the state between 2013-2014, the most recent data available. That was more than double the […]

The Rise of Experiential Retail

The brick-and-mortar stores, malls and shopping districts that are thriving in today’s omnichannel retail world offer hands-on, authentic experiences. In recent years, e-commerce has gained significant momentum, establishing an ever-increasing foothold in the retail industry as shoppers increase online purchasing and decrease store visits. According to Elite Wealth Management, there were 34 billion visits to U.S. […]

Crowdfunding Fills Construction Lending Gap Left by Banks

Crowdfunding websites are becoming an important piece of the real estate financing puzzle, especially for apartment developers who need a little extra debt or equity to complete their plans. “Certainly from where they started, the growth of these crowdfunding portals seems exponential,” says Lee Weaver, senior vice president for Northmarq Capital, a commercial real estate debt […]