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Millennium Tower's sinking and tilting problems are fast becoming a developer's worst nightmare. The team behind the problematic building is facing multiple lawsuits and years of highly contentious litigation. 
This year began what will likely be long legal battles over who should pay for the fix, and reported declines in home values as condo owners argue the building's problems have led to sharp declines in resale value. In 2016, the…
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Hundreds More Housing Units Planned For Downtown Oakland
The Martin Group and a Brookfield-sponsored private real estate fund have partnered to bring additional housing to Downtown Oakland. The JV will develop a mixed-use project with 333 residential units and about 24K SF of retail. Station on 12th will…
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America's Roads Are Crumbling And Packed With CarsAmerica's infrastructure is crumbling, possibly at a faster rate than federal, state and local governments can repair it. More than $2 trillion is needed to repair 4 million miles of road in the U.S., according to the American Society of Civil Engineers. At present, there is funding for less than half of that task, not counting President Donald Trump's proposed $1 trillion infrastructure stimulus package, which he pushed heavily during the first weeks of his presidency but which remains in limbo. |
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Longtime Retail Pariah Now A Mall-Industry DarlingGyms today have secured some of the most prime retail real estate around the country. That was not always the case. 
For years, gym tenants were unwanted by mall landlords as they were believed to provide little value, attracting visitors who were unlikely to spend money at any of the shops in the vicinity. Now, gyms are a valued addition to the…
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German Co-Living Brand Readies Major U.S. ExpansionAfter opening its first U.S. co-living location in Manhattan earlier this year, Medici Living Group is gearing up for a major expansion in 2018 as the niche housing type grows in prominence. Medici plans to open one of the country's largest co-living spaces in one of the country's biggest cities in 2018. It is just one of many Quarters locations coming to market in the coming years. The Quarters brand is fashioned for the U.S. compared to the sparser Medici Living flat-sharing locations it has operated for years in its native Germany and across Europe. |
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