The developer, Glenroy Coachella LLC, filed for Chapter 11 protection after the project’s manager has faced allegations of fraud.
High materials prices and some uncertainty on fundamentals cloud the picture for multifamily development in the near term.
Centara Hotels & Resorts, a unit of Central Plaza Hotel Pcl, will reopen existing properties and open eight new international ones.
Smaller cities look set to see the biggest increases in new multifamily stock compared to the prior year.
The 30-story tower is one of the largest new developments proposed in the city’s financial district since the start of the pandemic.
What will a high-end property cost your clients in these cities?