News—May 15, 2023

Despite concerns about a potential recession, New York City’s luxury real estate market showed no signs of slowing down in mid-May 2023. Several high-profile transactions were reported, including the sale of a penthouse in Tribeca for $55 million, marking one of the highest sales of the year. Wealthy buyers, many of whom were from abroad,...

Commercial—May 15, 2023

A Landmark Lease Deal Sparks Optimism for Chicago’s Retail Revival In a major development that signals the continued revitalization of Chicago’s downtown area, a high-end national retailer has signed a monumental $50 million lease for a flagship store located in the heart of the city. The store will occupy 20,000 square feet within a historic...

Residential—May 15, 2023

On May 15, 2023, a new report from Zillow revealed the ongoing impact of rising home prices on the rental market. As homeownership becomes increasingly out of reach for many potential buyers, renters are facing higher rental rates and fewer available units. The key players in this scenario include renters, landlords, real estate investors, and...

Realtors—May 9, 2023

The Toronto Regional Real Estate Board (TRREB) hosted its highly anticipated REALTOR® QUEST 2023 on May 17-18 at the Toronto Congress Centre, drawing over 10,000 real estate professionals from across Canada. With a record-breaking attendance, this event solidified its position as the country’s largest real estate conference and trade show, becoming a hub for innovation,...

Residential—May 8, 2023

A report released by the Mortgage Bankers Association (MBA) on May 8, 2023, revealed a noticeable surge in first-time homebuyers entering the housing market, thanks to a stabilization in mortgage rates after months of volatility. This shift has been a welcome development for many potential buyers who had previously been sidelined by the unpredictable nature...

News—May 8, 2023

Texas experienced a dramatic surge in out-of-state buyers during the first week of May 2023, especially in Austin and its surrounding areas. As more companies across the nation adopted flexible work-from-home policies, many professionals sought to relocate to Texas, drawn by its lower cost of living, lack of state income tax, and thriving job market....

Commercial—May 8, 2023

Introduction: A New Era of Sustainability in Commercial Leasing New York City has taken a bold step in shaping the future of commercial real estate with the introduction of new energy-efficient regulations for office buildings. These stringent sustainability requirements, set to come into effect on July 1, 2023, will require all newly-leased commercial properties to...

Tech—May 5, 2023

Overview In early April 2023, sustainability became a central focus for the real estate sector, driven by rising concerns about climate change and a growing consumer preference for eco-friendly and energy-efficient living spaces. With more developers and investors turning their attention to green building practices, the real estate industry embraced innovative solutions such as net-zero...

Realtors—May 2, 2023

On May 2, 2023, the Global Wellness Summit (GWS) held its second annual Wellness Real Estate & Communities Symposium in New York City. This high-profile event brought together experts, developers, and thought leaders to explore the emerging trends and innovations within the rapidly expanding sector of wellness real estate. As the concept of “building well”...