Newly released data and analysis from several sources illustrate a major obstacle to a fully healthy housing market in the United States: the nation is not building nearly enough new residential units.
An attorney by training and chair of the Department of Valuation and Taxation at the Lincoln Institute of Land Policy, author Joan Youngman presents a crisp and balanced review of the complex administrative and political challenges posed by the assessment and collection of the annual property tax.
Back-to-school is the second biggest shopping season for U.S. retailers. But shoppers are favoring discounters more, including off-price chains, dollar stores, and lines like Macy’s Backstage and Nordstrom Rack. Plus, interest rate survey data from Trepp.
Called by GQ magazine “the Capital of Cool,” downtown Los Angeles is seeing some 22,000 residences now under construction or in planning. What lessons does DTLA’s resurgence hold for other U.S. cities?
Mercantile Place is a rental apartment community in downtown Dallas consisting of four separate and diverse buildings with a total of 704 apartments. Two of the apartment buildings were converted from office buildings, one of which was historic; the third is a renovated historic apartment building previously converted from office space; and the fourth is a new 15-story apartment building. Though the buildings are located on three separate blocks, they share amenities and parking, and the four buildings have been positioned and marketed together as one residential community.
In mid-July, New York City’s Deputy Mayor for Housing and Economic Development Alicia Glen and the New York City Economic Development Corporation announced the selection of the Lowline as the designated developer for the underground trolley terminal at the base of the Williamsburg Bridge that has been disused for nearly seven decades.
After four decades in Stockholm’s city center, Swedbank had outgrown its headquarters. The banking group wanted a new building that embraced the working methods and technology associated with banking in the 21st century and that reinforced its brand as an innovative financial institution.
Macy’s has announced plans to close 100 of its 675 traditional full-price locations and to increase investment in its online channel, which heightened concern about bricks-and-mortar retail versus e-commerce and led regional mall REITs lower. Plus, interest rate survey data from Trepp.
The U.S. Congress has thrown its support behind new legislation that aims to fix some of the problems in the condo financing program of the Federal Housing Administration (FHA). The Housing Opportunity through Modernization Act (H.R. 3700) will loosen some of the more stringent regulatory requirements specific to condo mortgage insurance that were introduced in the wake of the housing finance crisis.
This is a book that educates, entertains, and astonishes. It is an effort that progresses along multiple paths of utopian impulse, while at the same time gushing forth with a bravado of egocentric, architectural hubris.