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CoStar Economy: Trade Deals Bring Relief, for Now

CoStar Economy: Trade Deals Bring Relief, for Now

Plenty of Headwinds Still Pose Risk “By 2020, tariffs already imposed or announced would shrink global GDP by 0.8%. That is equivalent to the whole economy of Switzerland.” - New IMF Managing Director Kristalina Georgieva, as the IMF further cut its global growth...

DeMarcay Luxury Condos Set Groundbreaking Date

The condo project will mark the beginning of the process for preserving the two historic façades and selected interior materials from the former hotel and cigar factory situated on the current site. A rendering of the new DeMarcay condo. IMAGE: COURTESY PHOTO The...

Florida Gulf Coast Condo Nears Completion

Florida Gulf Coast Condo Nears Completion

  Blvd Sarasota to Offer City, Water Views A luxury condominium on Florida’s Gulf Coast has reached a construction milestone that puts the 18-story building on pace to open in the spring. Core Development of Wichita, Kansas, said its Blvd Sarasota project at 1224...

CoStar Economy: Trade War Looms Over Fed Deliberations

CoStar Economy: Trade War Looms Over Fed Deliberations

"Economists are really good at saying we just had a recession. They are not so good at expecting a recession.” –NY Fed President John Williams The trade war left its bruises all over the latest data reports. The ISM Manufacturing Index, an index of business confidence...

Life Insurers Boost Multifamily Lending as Rental Demand Grows

Life Insurers Boost Multifamily Lending as Rental Demand Grows

Industry May Finance Up to $120 Billion Over Five Years, Insurance Companies Say Life insurance companies, already increasing their lending for multifamily property sales this year, say their appetite for that type of financing could go higher in 2020. Industry...