Repurposing office buildings to housing has been one of real estate’s hottest topics in recent years. It’s little wonder. In the four years since the beginning of the COVID-19 pandemic, vacancies in office buildings reached record levels and an increasing shortage of housing has plagued parts of the country. Consider two data points: 19.6% of [...]

This may be a good time to start noticing industrial outdoor storage (IOS) facilities, a tiny segment of the industrial sector dominated by small-to-midsize properties with fractured ownership and localized operations. It’s such a small part of the real estate business that you won’t find reliable aggregate returns and other market data to analyze. Instead, [...]

The Benoit Group leads the $40 million development of 143-unit affordable apartments on a recently demolished low-income housing property near downtown Birmingham, Ala. The 158,000-square-foot project is in the mixed-use redevelopment area known as Edgehill at Southtown. It aims to fill the needs for seniors 62 and older with one- and two-bedroom units. The four-story [...]

It’s surprising to read headlines about Miami-Dade County losing population from 2019 through 2022. “Miami Sees its First Population Drop in Decades,” the Wall Street Journal reported in August. “What’s the Matter with Miami?” read the headline of a piece by New York Times columnist Paul Krugman. Both reports blamed increasing housing prices as a [...]

In the Fall of 2018, Clay Thompson was living in Frankfort, Ky., when he got a call from an old Air Force buddy who was enjoying the good life in Florida. But his friend was having trouble obtaining a permit to build a backyard swimming pool at his home in Lutz, a fast-growing community north [...]

Debates erupted over the years whether listed real estate investment trusts (REITs) are a substitute for commercial property in a diversified portfolio. Institutional investors often include publicly traded REITs and privately held properties in their real estate allocation. Yet academic research suggests that though the private and public markets both exclusively own and operate commercial [...]

City and county building officials are increasingly under pressure to expedite their reviews of development projects. But checking whether a proposed development or structure complies with numerous land development and building codes is a laborious process that may take short-staffed city and county building departments many weeks or even months to complete. What if, instead [...]

Real estate investors face a growing risk that taxes on capital gains could increase sharply as Congress looks to cut the ballooning $1.6 trillion U.S. budget deficit. Three factors make this risk especially great for real estate investors. First, is economic: The mounting deficit recently caused Fitch to downgrade U.S. debt from AAA to AA+, [...]

Many Southwest Florida residents had an eerie feeling in late August when yet another major hurricane with a name beginning with “I” — Idalia — rapidly intensified and zeroed in on the western coast of the state. Was it déjà vu? Less than a year earlier, even mightier Hurricane Ian barreled ashore on a Lee [...]

The Progress District is a mixed-use project being master planned by Concept Companies in collaboration with the Roberts Companies on 800 acres in Alachua, just north of Gainesville. The development includes Momentum Labs (center-right), which is slated to open next year with 55,000 square feet of collaborative laboratory space for science businesses. The building is [...]

Brightline, originally known as All Aboard Florida, is a fast-speed passenger rail service developed by a company that traces its roots to industrialist Henry Flagler, who built a pioneering railway along Florida’s eastern coast more than a century ago. Now it appears the new railroad is giving a lift to not only increasing numbers of [...]

Roughly a century ago, as car ownership boomed and the automobile reshaped America, cities discovered they had a problem. Where to park all the cars? “American cities are faced with an extreme shortage of automobile parking spaces,” bemoaned a 1952 U.S. traffic engineering study entitled “Zoning and Traffic.” Happily, the authors reported, cities had found [...]

After a long and steady period of robust growth following the Great Financial Crisis in 2008, the U.S. housing market is searching for a new identity. A whirlwind of economic events spurred by fast-changing U.S. monetary policy, war in Ukraine and sharply rising inflation has jolted the housing market. As the supply of houses has [...]

Business sectors use many terms to describe a situation that suddenly gets tough for consumers. It’s a “seller’s market” in real estate and a “bear market” on Wall Street. In the insurance industry, it’s called a “hard market.” But Florida businesses hunting for coverage these days may use even starker terms — like harsh or [...]

For those working in real estate, it can seem as though each state’s housing market operates independently, disconnected from other markets and even the national economy. After all, everyone knows that real estate is a local market, and its three most important features are “location,” “location” and “location.” Today’s housing market seems the perfect example [...]