PMG Plans 803 unit Miami Residential Complex On $58M Lot
Property Market Groups (PMG) and Sentral are moving forward with their massive residential project in Miami’s Brickell district, after closing on a land acquisition. PMG paid $58 million for a 1.15-acre site at 130 SW 8th Street, just west of the Metrorail track, according to property records. The seller, private investor Jose Rasco, assembled the […]
CRE, Multifamily Mortgage Delinquency Rates Fell in Q4
The share of loan balances becoming newly delinquent was the lowest since the onset of the pandemic. By Ted Knutson from GlobeSt.com | January 27, 2022 at 06:48 AM Delinquency rates for mortgages backed by commercial and multifamily properties declined during the fourth quarter of 2021, according to the new Mortgage Bankers Association’s latest CREF […]
Sky’s The Limit: Beachfront Property Asks $100M In Downtown Miami
Florida continues to be a hotspot of real estate activity, as one Miami-Dade beachfront estate shows. The home in Golden Beach is currently listed at $100 million, and stands to be the county’s most expensive deal—if it sells. Golden sands: Craig Electronics founder Joel Newman owned the 32,000 square foot property with his wife […]
Longtime Residents Feel Inflation Strain as Residents Flee
Tennessee’s capital is feeling the burn of inflation, as everything from housing prices to childcare and utilities soars. Now, even long-time residents are considering whether it’s time to go. Population boom: Along with numerous Sun Belt cities, Nashville has seen an unprecedented population growth in recent years (mostly from more expensive coastal cities), prompting the […]
Greysteel Brokers FL Affordable Housing Complex Sale
A large affordable housing community in Ocala, Florida, has sold to a Boston-based property management firm in the latest Greysteel-managed transaction for the Sunshine State. Changing hands: Parkside Gardens, a 144-unit affordable housing community built in 1970, has been sold by Community Housing Partners of Christiansburg, Virginia, to JE Properties, a Boston-based firm with experience […]