Development Project Manager - New York, NY, US | Jobs archinect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archinect.com Daily Mail and Mail on Sunday newspapers.
NYC’s $45 Billion Luxury-Condo Glut Set to Start Easing Soon
Bloomberg 3/9/2021 Oshrat Carmiel
(Bloomberg) Manhattan’s glut of luxury condos has been nearly a decade in the making. This could be the year the logjam starts to break.
Professional deal-seekers are amassing investment funds, ready to pounce at the chance to purchase unsold apartments in bulk. And developers with towers that started sales years ago are finally dropping unit prices to levels ordinary buyers are willing to pay.
At the same time, lenders are getting more aggressive, moving in to foreclose on long-lingering projects whose builders have fallen into delinquency. Those actions could potentially spill more deeply discounted homes onto the market.
Israeli skyscraper wins top honours at 2021 CTBUH awards
CHICAGO, February 25, 2021 An Israeli office development project, ToHA Tower 1, located in capital Tel Aviv, has won big at The Council on Tall Buildings and Urban Habitat (CTBUH) 2021 Awards in the Interior Design category. Located in the Israeli city s Nahalat Yitsak neighbourhood, the ToHA tower complex features three office skyscrapers. ToHA 1 is the first development on the site and a second 75-storey tower is also underway. The two buildings will be connected via an elevated walkway, and the taller will also be elevated on a slim support to maximise the open space on the ground floor.
Israeli skyscraper wins top honours at 2021 CTBUH awards tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.