Bisnow Commercial Real Estate News

The space can be residence to the world’s tallest hotel, the JW Marriott Marquis. Residential real estate consists primarily of residences, but there are also suburban complexes. To date, the most well-liked projects are the Menara Tower residential tower and the premium Reva Residences advanced from DAMAC, as nicely as the impressive futuristic Opus skyscraper from Omniyat. The crazy-competitive housing market over the last year-plus let sellers be extra picky when weighing a number of bids. The result’s that many consumers who had FHA and VA mortgages struggled to break through, as a end result of sellers typically see these offers as much less sure than money or a standard conforming loan.

In August 2020, constructing permits licensed for brand new housing items fell by zero.1% y-o-y, based on the US Census Bureau. While the nation is experiencing an enormous leap in foreclosure activity , it’s really a way decrease …