AGP Executive Report
Last update: 9 hours agoU.S. Housing: Home sales sank in October to their slowest pace in more than 16 years as rates climbed. Condo sellers outnumber buyers by more than two to one, adding pressure to a sluggish market. Development: Godrej Properties has acquired 31 acres on Indore-Ujjain Road for a planned residential project with an estimated 700,000 square feet of saleable area. New York Policy: Mayor Zohran Mamdani signed COPA, giving eligible nonprofits and community land trusts first chance to buy certain distressed or subsidized apartment buildings. Qualified groups get 145 days to negotiate, plus a year to match an outside offer. Chicago Proposal: Developers unveiled a $10 billion plan for the former Michael Reese Hospital site, combining a possible Bears stadium with housing, retail and transit upgrades. The revised proposal aims to address the team’s concerns about the site.
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