That is not a metaphor. It is the literal first move in an $80 million blight elimination campaign targeting 7,000 abandoned homes and businesses across a city that has lost more than half its population since its 1960 peak of 180,000. A downtown convention center is...
For two decades the standard mixed use formula was apartments over ground floor retail, maybe a courtyard, maybe a rooftop deck. That formula is tapped out. Renters and buyers have seen it enough times that it no longer commands the premium it used to, and lenders...
The Perception GapThere is a version of America that lives on your feed. Population is fleeing to a handful of Sun Belt cities, everywhere else is dying, and the only real estate story worth telling is Austin, Miami, or Nashville. That narrative is emotionally...
Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing price is $4.9 million. Down the road in Vineyard Haven, it’s 54% and $2.5 million. In...
Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing price is $4.9 million. Down the road in Vineyard Haven, it’s 54% and $2.5 million. In...
I’ve been watching this number for a while, and I want to be direct about what it means. This isn’t a Miami story. It’s a New York story that’s playing out through Miami’s balance sheet.The trade that built “Wall Street South” was never really about Miami. It was...
