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Greysteel has brokered the sale and acquisition financing of Ironwood Crossing and Rush Creek Apartments, a 528-unit, two-property affordable housing portfolio in Fort Worth and Arlington. 
Ironwood Crossing is at 2600 Western Center Blvd. in Fort Worth. It is a 280-unit multifamily community north of Downtown Fort Worth, and was developed in 2004. The property consists of two- and three-bedroom units with an average unit size…
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Study: California Mostly Using Opportunity Zones As Intended, While D.C. And NYC Packed With Higher-End OZsSome opportunity zones will attract investor interest much more strongly than others because of the gentrification that is taking place within them, according to a new report by RCLCO. These gentrified zones tend to be in Rust Belt and Mid-Atlantic cities, as well as markets with strong tech industry concentrations. 
While the vast majority of opportunity zones fall within economically challenged neighborhoods, there are gentrifying (and already gentrified) outliers. RCLCO found 70 qualified OZs in high-end neighborhoods. RCLCO considered changes in real estate investment, household income levels and associated demographic…
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Bracing For A Recession: Industry Experts On What Preventive Measures They Are TakingWhen is the commercial real estate property bubble going to burst? Depending on whom you speak to, a market correction or even a recession is already happening or could occur later this year or next year or 2021 or 2022. No one is quite certain of the date. No one is quite certain of the impact. But what experts do know is a downturn is bound to happen. We spoke to industry insiders across sectors and got their take on what they see in the economy and what they are doing — if anything — to soften the blow if the market crashes this year. |
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These Are The Cities With The Least Affordable Housing In The World. London And New York, You're Not Even Close.The gap between house prices and global income hit $740B in 2018, as housing became less affordable for residents of most of the world's big cities, according to new research by Knight Frank. Rapid urbanization, the transformation of housing into a financial asset, politics and lack of supply of land all had an impact in making the price of housing grow faster than incomes, the brokerage said. Knight Frank also created a global housing affordability monitor, ranking 32 cities in terms of housing affordability, using three metrics: house price to income ratio, rent as a proportion of income and real house price growth compared to real income growth. |
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