CGI+ Real Estate Strategies has received full entitlements to develop a hotel, multifamily and retail mixed-use project at the intersection of Wilshire Boulevard and La Brea Avenue in Los Angeles’ Miracle Mile district.
Read more about this project on Rebusiness Online: https://rebusinessonline.com/cgi-real-estate-strategies-to-construct-mixed-use-development-on-los-angeles-miracle-mile/
The real estate market is currently facing a period of uncertainty due to the economic impacts of the COVID-19 pandemic. Investors are worried about the potential for a prolonged recession, which could lead to a decrease in property values and a decrease in rental income. The uncertainty surrounding the future of the economy has caused investors to become more cautious about investing in real estate.
Aaron Cohen was interviewed by Multi-Housing News on how supply delays and inflation are slowing apartment renovations.