John Nelson Joins FBT Architects as Hospitality Design Principal in Dallas

The Manhattan real estate market is showing signs of a seasonal shift heading into summer 2025, with supply beginning to outweigh demand for the first time in ten months, indicating a potential reduction in seller leverage. Although overall signed contracts have increased about 12% compared to last summer, demand varies significantly by price segment, with the $2 million to $4 million range experiencing a 23% rise in demand, while more financing-dependent price points under $1 million see a slight drop in demand amid rising supply. Buyer caution is increasing, as indicated by a slight dip in the UD Climate Ratio, though it remains relatively high compared to the post-pandemic period, suggesting deals continue to close but without a runaway frenzy. Meanwhile, in Dallas, FBT Architects has appointed John Nelson as Principal and Director of Hospitality and Interior Design, aiming to expand their presence in luxury hospitality and mixed-use developments, leveraging Nelson's extensive global experience. Additionally, Philadelphia has published its 2025 list of top real estate producers, highlighting agents with outstanding sales volumes despite market challenges such as rising prices, limited inventory, and increased mortgage rates. Together, these developments highlight ongoing dynamics and leadership shifts within the U.S. real estate market across various regions and sectors.