Rental apartment buildings are bought and sold regularly. To try to promote affordable housing, some jurisdictions have enacted legislation to give government authorities, nonprofit entities, or tenants to have a “right of first refusal” whenever a rental apartment building is about to trade. Rather than allow an evil capitalistic landlord to buy the building, a
Real Estate
In recent studies, we have analyzed and zeroed-in on the richest cities in a number of states of the U.S. South, including Alabama, Florida, and Georgia. We determined the wealthiest cities in each case based on scoring several key financial factors. This time around, we’re looking at another state, one that straddles the South and
In any commercial lease, one major issue relates to the work that needs to be done to prepare a space for the tenant’s occupancy. Usually, the landlord will deliver the space pretty much as is, or with certain limited work completed. Then it’s up to the tenant to build out the space so it meets
Few things compare to the thrill of buying your first home. It’s an exhilarating experience – whether you’re buying a condo, townhouse, McMansion, minimalist, simple-sized home, or something in-between. But if this is your first rodeo, it can be almost overwhelming trying to dot all of the i’s and cross all of the t’s. While
A mountain chalet built in 1942 for an early backer of one of California’s oldest ski resorts has come on the market for the first time. The three-story family home at Sugar Bowl Ski Resort near Lake Tahoe played a pivotal role in gathering early ski enthusiasts who were committed to bringing skiing to the
During the great housing bubble and crash of the late-2000s, much of the Sunshine Star State experienced the worst effects. Florida was one of the states most impacted by the real estate bubble. And its subsequent crash left Florida housing markets picking up the pieces for years. Nearly two decades later, the pandemic helped induce
Staying in a 5-star hotel is quite the sensory experience. The look, the feel, the smell, the sound (or lack thereof) can create a bedroom environment that you never want to leave. However, you can recreate the same level of lavishness at home. Jay Kallos, SVP of architecture at Ashton Woods in Atlanta, GA, tells
College towns, energy industry towns, Midwest and Northeast cities dominated rent price increases last month while Sunbelt rent growth that soared during the pandemic succumbed further to a heavy spate of construction. Twin Texas cities Midland and Odessa led the list of 20 smaller cities Dallas-area apartment software firm RealPage analyzed, posting rent growth of
Federally regulated lenders, such as banks, still play a major role in commercial real estate financing. As commercial real estate encounters headwinds, borrowers will often need relief from those lenders, but regulated lenders typically cower in fear about doing anything that might cause regulators to raise their eyebrows or ask difficult questions. This mentality often
The white, sandy beaches that decorate the coast of Florida are certainly no secret. In Miami Beach alone—with a full-time population of about 80,000—just under 11 million visitors stay overnight in the small beach town every year. A similar story can be seen across many coastal towns across the Sunshine State. However, with an incredible
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