Strong Canadian investment in the Manhattan commercial property market is expected to continue in 2016 after quadrupling and hitting a record level in 2015. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with investment swelling to $8.3 billion from $1.97 billion a year earlier, according to data from Real Capital Analytics.
Rising purchase prices and a weaker Canadian dollar, which fell more than 16 percent against the ...

Condominium-plan submissions to the New York State Attorney General are the highest they’ve been since 2007, according to a The Real Deal Magazine analysis of applications data. The final unit count for 2015 will come nowhere close to pre-crash 2005 and 2006 levels. However, some argue that the lower numbers are healthy for the market. Through the end of November 2015, applications for approximately 12,650 residential condo units were submitted to the AG. That’s more than the 12,000 submitted for ...

Governor Cuomo recently proposed more than $100 billion in infrastructure plans for New York. The projects include: a new La Guardia Airport, massive redevelopment of Penn Station and the nearby Farley Post Office, and an overhaul of the Javits Center.

According to Cuomo’s secretary Bill Mulrow, these projects make up the largest development agenda since Robert Moses. “The governor thinks it’s time to reignite the ambition, the creativity, and the capacity of New York,” Mulrow said in a statement. Let’s make ...

Miami is all about water. So while waterfront properties are still popular, condo buyers are now upping the ante. These days, they are looking for resort-style perks like those of the two-and-a-half-acre Continuum South Beach, with its restaurants, private beach club and private tennis clubs.

Buyers are also increasingly enticed by more than just proximity to the beach. For instance, there’s a boat dock at Iris on the Bay where people have access to boating, kayaking, paddleboarding or rowing.

Another amenity that ...

International buyers accounted for $6.1 billion or 36 percent of South Florida’s home sales in 2015, according to the recently released report by the Miami Association of Realtors and the National Association of Realtors. From September 2014 to August 2015, foreign buyers picked Florida above other states when buying homes. Venezuela, Brazil, Argentina, Colombia and Canada accounted for 62 percent of those sales.

The survey covers Miami-Dade, Broward, Palm Beach and Martin counties, finding that Florida leads the country with 21 ...