Source: saintpetersburgtimes.fl.newsmemory.com
Redevelopment and change is not always easy, however, it is often part of the process in economic growth. What the article fails to address is the increase in property values, the increase in property taxes and the dramatic positive changes that are taking place in areas that really needed it.
The project — which will be the only full-service resort on the island — is a $30 million development that will stay true to Anna Maria’s “old Florida” character.
Source: www.bizjournals.com
Mainsail Lodging & Development, based in Tampa, on Thursday broke ground on the 37-unit, $30 million resort on Anna Maria Island’s Holmes Beach, at at 5325 Marina Drive.
Mainsail is been active recently with new development projects, continued success of their existing projects and the disposition of non-core assets.
Despite concerns over the large number of new apartment units being built across the country and high market valuations, the multifamily rental market continues to hum and may be on track for several more years of growth, according…
Source: www.costar.com
Despite concerns over the large number of new apartment units being built across the country and high market valuations, the multifamily rental market continues to hum and may be on track for several more years of growth, according to the latest Freddie Mac Multifamily Outlook.
Multifamily deliveries saw a spike in the first half 2015, mostly in the second quarter, when 285,000 units, annualized, entered the market, the highest level post-recession, according to Freddie Mac.
Because of the improving economy, pent-up demand has started to release into the market, benefiting the rental sector. Freddie Mac said it expects the strong demand for multifamily units to continue in the years to come.
Rent growth hits 2006 levels, while occupancy reaches 2001 milestones.
Source: www.multifamilyexecutive.com
One Barclays analyst thinks that even saying that the housing market is growing ‘slow, but steady’ is being ‘perilously Pollyannaish.’
Source: www.businessinsider.com
The comeback of the US housing market has been one of the most bullish themes of the post-financial-crisis era. And for the bulls, it continues to be a bright spot in an otherwise slowing US economy in a slowing global economy.
But in a chilling 88-page industry note, Barclays analyst Stephen Kim warns that the bullish tale spun by his peers is more of a fairy tale. “At this point, it has become hard to overlook housing’s dismally slow pace of recovery,” Kim wrote.
The housing market could have a lot more runway to go and could potentially accelerate if the rest of the economy can see a marginal uptick.