[UrbanRevival]

A couple of interesting real estate articles today:

Taconic Talks NYC Life Sciences and the Firm’s Second Look at Boston and Philadelphia

Taconic Partners has been one of the busiest investors the past year in the life sciences space — which itself has been one of commercial real estate’s busier asset classes.
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Part of the intention with launching Elevate is the development, leasing and operation of those existing assets, as well as the growth of the portfolio, not only here in New York City, but in other strategic markets in which we’re currently seeking investments, such as Philadelphia and Boston.

https://commercialobserver.com/2023/...-philadelphia/

House Prices Will Rise Fastest in These 6 Cities

Home prices have slowly started declining across the U.S. since the end of 2022, as higher mortgage rates—combined with low inventories and skyrocketing new and existing property prices—made homebuying unaffordable for many.

However, while analysts expect the housing market to become more affordable in the next two years on a national level, some areas of the U.S. will not experience significant home-price declines, according to investment bank Goldman Sachs—quite the opposite.

While the Pacific Coast and Southwest regions—which have seen the largest increases in inventory on average—will report the largest price declines, according to Goldman Sachs, the Mid-Atlantic and Midwest will experience significantly more-modest falls.

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In Miami and Baltimore, home prices will continue growing, though modestly, in 2023, with an expected increase below 1 percent. In Philadelphia, New York, St. Louis, and Chicago, home prices will decline by less than 5 percent.

In 2024, home-price growth in these cities is expected to recover quickly. Baltimore, Philadelphia and New York are expected to report home-price increases of just below 5 percent, while Miami, St. Louis and Chicago will report ones of around 3 percent.

https://www.newsweek.com/house-price...cities-1776721