Second homes make a comeback, but mainly for wealthier white Gen Xers

The gap shows up most clearly in the outlook numbers. Of the 110 developers, owners, investors and housing providers surveyed between May 28 and July 13, only 37% were optimistic about rental feasibility over the next five years, and 49% were negative. Looking beyond five years, optimism rose to 53% and negative sentiment fell to…

Mayor Brandon Johnson announced his reelection bid Sunday morning, joining a crowded field of challengers vying to become the next mayor of Chicago. Bisnow/Ryan Wangman Chicago Mayor Brandon Johnson Johnson’s announcement, posted in a video on social media, touts his administration’s accomplishments over his multiyear tenure and ends months of speculation over his political future….

Kimco Realty, one of the biggest owners of grocery-anchored retail centers in the country, has acquired two more in Broward County for a combined $109 million from KPR Centers, property records show. In the largest transaction, the Jericho, N.Y.-based REIT paid $56 million for Sunshine Plaza, a 245,744-square-foot property between 4017 and 4299 West Commercial…

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The Mamdani administration in a press release Thursday celebrated the “transfer” of three long-neglected Brooklyn buildings to new ownership.  The mayor’s office said the buildings were “sold” the previous day to investor Mark Schwartz. That’s not exactly what happened with the properties, which have made headlines. But you almost can’t blame the mayor for simplifying:…