The city is poised for a prolonged economic expansion. As 2019 ended, several Florida cities hit the headlines for incredibly low unemployment. Tampa, Florida, was near the top of the list. With a 2.2% increase in jobs and just 2.7% unemployment, the city sometimes called “The Big Guava” is poised for a prolonged economic expansion in 2020 and 2021. This is good news for real estate investors in all sectors
Read More
Sidebar to January 2020 Regional Spotlight: Why Chicago Works for Investors in 2020 Local brokers are finding it difficult to find enough positive adjectives to describe Chicago’s warehouse market. “The demand has been unbelievable,” said Fred Regnery, principal broker at the Colliers Rosemont office, noting that even trade tensions with China have not dampened demand for this type of property. “The underlying fundamentals have been so good the tariffs haven’t
Read More
Sidebar to January 2020 Regional Spotlight: Why Chicago Works for Investors in 2020 One thing you will hear repeatedly from real estate investors with capital in Chicago is to “know your neighborhood.” For Scott Larson, vice president at Chicago-based bridge lender Pangea Mortgage Capital, that means his company focuses on certain areas of south and west Chicago. For Mike Wojcik, chief marketing officer at Fay Servicing LLC, it means identifying
Read More
The Windy City is weighted with opportunity if you know where to look. Chicago, Illinois, was dubbed “The City That Works” during the more than two decades that Richard J. Daley was mayor. Daley, whose son also served as Chicago mayor for a record-breaking 22 years before refusing to run for a seventh term in 2011, used the slogan as part of his own mayoral campaign. The phrase implied that
Read More
For investors willing to work for it, Beantown rewards are waiting. Two words will nearly always come up in any discussion covering Boston real estate: “tight” and “expensive.” Given a decade of population growth and a phenomenal jobs market based in high-demand, recession-resistant sectors like the life sciences that attract young professionals in droves, “tight” and “expensive” seem almost inadequate descriptors by today’s Beantown standards. But, thanks to a nearly
Read More
The Real Estate Investor’s Ongoing Love Affair with Atlanta Housing By Carole VanSickle Ellis It had been more than three years since Atlanta, Georgia, had posted a double-digit temperature, but it did so this past June when the heat index hit 100. It’s also been about three years since the city’s housing market posted double-digit gains in value, but that doesn’t really worry local investors, local businesses or even local
Read More
