Offices around America hit a new vacancy record
The vacancy rate for office space in major U.S. cities is at a record high of 19.6% according to Moody's Analytics as more Americans and companies embrace remote or hybrid work options.
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The vacancy rate for office space in major U.S. cities is at a record high of 19.6% according to Moody's Analytics as more Americans and companies embrace remote or hybrid work options.
The controversial 421-a tax break<b> </b>lapsed last week, following a rush in recent months to get projects started before the deadline to qualify for the now-expired program.
Founder and CEO of Philadelphia development firm Tower Investments bought a three-bedroom unit at the Continuum on South Beach for $6M.
Continuum South Beach developer Ian Bruce Eichner acquired two sites from Bay Harbor Islands-based Taubco for a condo development.
Bruce Eichner with a rendering of the Bay Harbor Islands project (Credit: Hayes Davidson) UPDATED, May 18, 9:35 p.m.: Continuum South Beach developer Ian Bruce Eichner acquired two waterfront sites from Bay Harbor Islands-based Taubco, with plans to build two condo projects. Eichner’s Continuum Company paid $29.5 million for the land at 9201 and 9461 East Bay Harbor Drive, according to a press release. He’s planning to build two buildings with a combined 142 units with 34 boat slips on the sites. Eichner expects there will be a six-month to one-year lag before he begins on the second pr...