Billionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
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The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.
Mortgage rates in the US increased for a fourth straight week.
Sep 7, 2021
The Canadian Press
MONTREAL -- The Quebec Professional Association of Real Estate Brokers says August home sales and new listings in the Montreal region were down about 30 per cent each from last year.
The real estate association says sales in the region amounted to 3,372 in August, down from 4,847 during the same month last year.
New listings for the month totalled 4,487, a 27 per cent drop from 6,174 last August.
The association says median prices continued to rise sharply in August, increasing by 17 per cent year-over-year to $500,000 for single-family homes.
The median price of a condominium rose by 20 per cent year-over-year to $375,000, while the average price of plexes jumped by 13 per cent to $679,750.
The association says the Montreal real estate market is still showing significant overheating conditions, but the proportion of sales concluded above the asking price has weakened over the past four months.