Category: multifamily
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New construction pushes Sarasota, Florida’s multifamily vacancy to decade high
Rents fall as concessions become widespread and below data is pieced together from Costar Insights, CRE daily & Realpage. As reported by RealPage, Florida’s rental market is feeling the weight of a multi-year apartment building boom. With new units flooding the…
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Multifamily Finds Balance Between Cooling Sales and Record Demand
By Valerija I. via CRE Daily – Click here for complete article and other similar stories from them. Multifamily investment cooled in Q2, but record absorption, strong regional performance, and healthy investor appetite underscore the sector’s resilience. Multifamily on top: Multifamily sales totaled…
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Credit-card splurge cools off
After years of running up balances that topped $1 trillion, Americans are finally easing off the credit-card accelerator. Growth in credit-card spending has now trailed debit for the better part of a year, ending a 14-quarter streak where plastic consistently…
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Just because the waters boiling doesn’t always mean its not relaxing!
Investors pile into risk after tame inflation Warren Buffett & Bershire Hathaway just dropped $5 billion on United Healthcare stock. A softer US inflation reading has unleashed a wave of risk-taking, with traders snapping up small-cap, emerging-market, and semiconductor stocks…
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$35M build-to-rent project with 125 units planned near UTC mall…
Seems like over supply and constant building will continue in our areas without hesitation. By Louis Llovio via Business Observer <— Click here to view entire story and others by Louis. Marquesa Capital Partners plans to build something similar to its…
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Tea Party in Florida on October 1st! No more Commercial Rent Tax.
Florida Ends Commercial Rent Tax After 55 Years Starting October 1, Florida will officially scrap its unique tax on commercial lease rents, cutting costs for tenants and giving the state a new edge in the competition for businesses. What’s changing: Florida’s commercial rent…
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The numbers to watch this week
By Cate Chapman, Editor at LinkedIn News via LinkedIn Inflation returns to the spotlight this week, with a key gauge expected to show steady price growth in July. The U.S. Consumer Price Index is forecast to have risen by an…
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Palantir’s valuation is insane in the membrane.
Palantir, the data analytics, AI software, and defense and intelligence contractor, had a lot to live up to with its earnings report after the bell Monday, as Wall Street expected the kind of outstanding growth that has driven the company’s shares…
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Priced out: Suncoast renters now must earn $35 an hour to afford a two-bedroom
This well written article (Josh Salmon & Derek Gilliam) via the Bradenton Times can be found in its full glory at this link. <—- CLICK HERE This article is too good not to share and in full transparency its been…
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