Hot on the heels of a $44 million deal to sell a pair of Bal Harbour, Fla., properties to WeWork founder Adam Neumann, Florida investor Joseph Imbesi has made another major sale.
Mr. Imbesi closed on a nearly $55 million deal to sell a 2-acre parcel of land on a peninsula at the mouth of the Bal Harbour Yacht Club marina, according to the local multiple listings service. It is one of the highest prices ever paid for land in the area, records show.
The central bank stated that “housing activity declined in the fourth quarter and is being held back by slow population growth, economic uncertainty and ongoing affordability issues.” Continue Reading Bank of Canada Leaves Rates Unchanged
Among different property types, multifamily properties saw the highest volume last year. Continue Reading Commercial Real Estate Borrowing and Lending Up by 40% in 2025
“We are removing a significant regulatory barrier that added tens of thousands of dollars to the cost of a new home,” said HUD Secretary Scott Turner. Continue Reading HUD and USDA Rescind Biden’s Energy Mandate on New Home Construction
“The Capital Region has a million people here and a soccer stadium will work here,” said developer Jeff Buell. Continue Reading Soccer Stadium Dropped from Proposed Albany Redevelopment Project
Single-family authorizations in March were at a rate of 895,000, which is 3.8% below the revised February figure of 930,000. Continue Reading Single-Family Housing Starts Surge by Nearly 10%
“Is New York going to put their fiscal house in order and run itself from a position of strong government that’s pro-business?” he said. Continue Reading Ken Griffin to Meet with NY Governor Over Mamdani’s ‘Personal Attack’ on Luxury Real Estate
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