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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. next year and to reach 2% in 2026, he added. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. a year earlier. “The this year, 2.5%

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DataDigest: Water wars in the Southwest

Housing Wire

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. For buyers, they can only hope.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre Estimated opening is 2026. acre lot where Northeast 8 th Street meets 110 th Avenue Northeast.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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