Housing Market News And Commentary

JLL’s Hotels & Hospitality group introduced at present that it arranged the $171 million sale of the Hilton Back Bay hotel, a 390-key resort in Boston. JLL Capital Markets introduced at present that organized the sale of Clovis Barker Logistic Park, a two-building, gentle industrial park in San Marcos, Texas. JLL’s Capital Markets group organized a $290M building mortgage for Parkside Uptown, a Class AA workplace tower being in-built Dallas. JLL Capital Markets closed the $102.6M sale of a trophy, beachfront condominium development site in Naples, Florida. JLL’s National Director of Healthcare Markets, Jay Johnson speaks to Modern Healthcare about healthcare’s shift to outpatient sites and what this implies for real estate.

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TD economist Rishi Sondhi predicts gross sales volumes to remain relatively low in the coming yr, though higher than what the numbers had been in 2023. High interest rates, inflation and a slowing economy hit Canadian wallets onerous in 2023. CBC’s Peter Armstrong breaks down the monetary outlook for 2024 and why there’s still lots of uncertainty forward. MLS platform Perchwell was born out of CEO Brendan Fairbanks’ desire to create “a more quantitative approach to understanding the market.” How expertise drives the industry, and the innovators who are pushing it ahead.