News
Why 2027 Will Be the Biggest Year for Office Conversions on Record
9+ hour, 31+ min ago (1321+ words) Travis Barrington is the co-founder and CEO of Propmodo, a media and research platform exploring how innovation is reshaping the built environment. Before launching Propmodo, he founded CRE. tech, one of the first companies dedicated to exploring the intersection of…...
New York Property Owners Shoulder Half of City's Local Tax Take
10+ hour, 3+ min ago (217+ words) Propmodo Real estate taxes delivered $39. 6 billion to New York City coffers in fiscal 2025, a record that represented nearly half of all locally generated tax revenue. That total rose from $37 billion the prior year, with nearly 90 percent coming from the Real…...
San Jose's Bank of Italy Tower Begins a Second Life as Housing
17+ hour, 41+ min ago (562+ words) Choose from our free and paid membership options to get access to exclusive content, data, and insights. Address: 12 South First Street, San Jose, CA The conversion represents the kind of adaptive reuse project cities across the country increasingly say they…...
Wealth Concentration Pushes Miami's Middle Class Toward Displacement
2+ day, 16+ hour ago (332+ words) Propmodo Miami-Dade County's population is shrinking even as wealth pours in, creating a city built for the affluent while pricing out middle-income residents. People moving to the county from other states earned on average $178, 000 in adjusted gross income, more than…...
How Non-Qualified Mortgage Lending Is Reshaping the Qualified Buyer Pool
3+ day, 13+ hour ago (314+ words) Non-qualified mortgage (QM) lending is the market's direct response to that problem. Understanding what it is and who it serves has moved from specialty knowledge to practical literacy for anyone operating in real estate capital and transactions." Most conventional mortgage…...
South Florida Zipcodes Post 40% Annual Gains as Regional Markets Diverge
3+ day, 13+ hour ago (301+ words) Propmodo West Palm Beach's 33403 ZIP code recorded an average sale price of $519, 525 in the first quarter, up nearly 40% year-over-year, according to quarterly data from Intercontinental Exchange. Florida placed two ZIP codes in the top four of The Business Journals' ranking…...
Chicago Office Tower Trades at Distressed Price as Apartment Conversion Plans Emerge
3+ day, 16+ hour ago (181+ words) Choose from our free and paid membership options to get access to exclusive content, data, and insights. Address: 205 W Wacker Dr. , Chicago, IL But the key variable is basis. Buying a riverfront Chicago office tower for $15 million dramatically changes the…...
Office-to-Residential Shift Brings 67-Story Towers to Wilshire Boulevard
3+ day, 18+ hour ago (268+ words) Propmodo Onni Group filed an application with the City of Los Angeles to build twin 67-story residential towers at 5700 Wilshire Boulevard, replacing pre-pandemic plans for office expansion. The Vancouver, Canada-based developer will demolish the front halves of the existing Wilshire…...
Despite the Doomsday Narrative, JLL Keeps Growing
4+ day, 10+ hour ago (1371+ words) Franco Faraudo has an MBA in entrepreneurship and has worked with a wide spectrum of technology and real estate organizations on their branding and content strategy. He has worked in real estate as an agent, manager, and investor. He writes…...
Control Disputes Derail Rescue Bids for Distressed Asian Developers
4+ day, 15+ hour ago (340+ words) Propmodo Blackstone walked away from a $4 billion transaction with New World Development after the Hong Kong developer refused to cede control. The New York firm had proposed injecting $2. 5 billion into a special-purpose vehicle and becoming the largest shareholder, with the…...