Ingrid Tunberg

Ames, New York

Recognition Programs Editor at GlobeSt

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Articles

Developers Lock In $237.5M for Edge-on-Hudson Redevelopment and Luxury Daymark Condos

1 week ago | globest.com | Anthony Russo |Ingrid Tunberg |Erika Morphy

Biddle Real Estate Ventures (BREV), King Street Capital, and PCD Development have secured $237.5 million in refinancing for two communities along the Hudson River in New York. The loan, provided by Hudson Bay Capital, and brokered by Walker & Dunlop, applies specifically to the Edge-on-Hudson redevelopment and luxury residential community, The Daymark. Both are located in Sleepy Hollow. Edge-on-Hudson is a project taking up a total of 70 acres that will feature a total of 1,177 residential units.
Honoring CRE's Best Places to Work

1 week ago | globest.com | Ingrid Tunberg |Erik Sherman |Kristen Smithberg

Companies today increasingly focus on workplace credibility and the well-being of employees – A trend that has not been overlooked by the commercial real estate industry.
Terra and Turnberry Get $392M Loan for Miami Beach Hotel After 7 Years of Planning

1 week ago | globest.com | Anthony Russo |Ingrid Tunberg

Finally, Terra and Turnberry appear to be set to begin the groundbreaking process for their Miami Beach hotel project after years of planning. The two developers have secured $392 million in construction financing from TYKO Capital. The project, called Grand Hyatt Miami Beach, calls for 800 hotel rooms and 17 stories, with about 12 floors reserved for guests.
Acquire, Redevelop, Sell: The Winning Formula for Office Properties

1 month ago | globest.com | Erik Sherman |Anthony Russo |Erika Morphy |Ingrid Tunberg

However, that is the bright side. The shadier one showed up in the fourth quarter of 2024. According to MSCI, U.S. office vacancy rates reached a high of 19.7%. That is an average, and “there remain pockets of strong demand for high-quality, well-located assets.”For properties outside of those pockets of strong demand, work on upgrades or redevelopment is likely necessary to make them marketable.
Rents Soar Near Wildfire Zones as Housing Shortages Worsen

1 month ago | globest.com | Kristen Smithberg |Ingrid Tunberg |Jack Rogers

Rents and home prices near the Southern California wildfires are rising as the housing market in the area, which already lacked affordable options, tries to absorb thousands of newly displaced families. Nearly 13,000 homes and thousands of commercial properties were destroyed in the January fires, one of the costliest natural disasters in U.S. history.
Seeking CRE's Best Bosses

1 month ago | globest.com | Ingrid Tunberg |Kristen Smithberg |Anthony Russo |Erika Morphy

Stepping up and persevering as reliable constants within the industry, certain commercial real estate executives continue to drive their companies forward, while offering support and transparent communication to employees and colleagues during uncertain times. These executives stay on top of industry and workforce trends and display attentiveness to the well-being and success of staff.
Developers Making Plays to Buy Burned Lots in L.A. Fire Zones

1 month ago | globest.com | Jack Rogers |Ingrid Tunberg

Two months after wildfires swept through Pacific Palisades and Altadena, destroying an estimated 12,000 homes, a growing number of property owners are selling their burned lots rather than rebuilding. As of last week, there were 60 burned lots for sale in Pacific Palisades and 32 on the market in Altadena, the reported.
Cook County Wrestles Over CRE Property Valuations

1 month ago | globest.com | Erik Sherman |Ingrid Tunberg |Anthony Russo

To set the stage, in December 2024, a report that looked at country valuations of office, warehouse, and large apartment properties for 2020 through 2023 said values were set too low, the Chicago Tribune reported. The “unprecedented report” found “little uniformity” in assessments. Appeals didn’t add to accuracy. The study, commissioned by County Board President Toni Preckwinkle’s office, followed “years of squabbling” between the office of Assessor Fritz Kaegi and the Board of Review.
Major California Cities Moving to Allow Single Stairwell Multifamily Developments

1 month ago | globest.com | Jack Rogers |Ingrid Tunberg |Anthony Russo

Falcon Edit Post News Los Angeles eyes code change facilitating apartments with family-sized units. By Jack Rogers | March 14, 2025 at 07:57 AM California’s largest cities are preparing to change building codes to permit single-stairwell multifamily buildings up to six stories tall, a reform that will allow apartment developments with affordable, family-sized units. It comes after that motion was introduced this month by a Los Angeles City Council member.
Nominations Open for Industrial Influencers

1 month ago | globest.com | Ingrid Tunberg |Kristen Smithberg |Erik Sherman

The industrial market continues to be a top-performing commercial real estate sector, despite the headwinds that have kept transactions at lower levels than the industry would like. Still, demand for these assets by investors and tenants alike remain high amid multiple drivers such as e-commerce and nearshoring. Another bright sign for the sector: capital remains robust for industrial. Once you are an ALM Digital Member, you’ll receive: Already have an account?