News
Most industries are embracing technology, which is getting better, faster, and more affordable and is profoundly affecting all types of real estate. In the real estate industry itself, one way that technology is being used is to more fully utilize properties, which in turn can enhance property values. Plus, interest rate survey results from Trepp.
A new report from the Urban Land Institute, Bay Area in 2015, suggests that the San Francisco metropolitan region is at risk of losing millennials in the years ahead because high housing costs are making them increasingly skeptical about their ability to eventually move into homes in neighborhoods with the high livability attributes they desire.
Over the past year, global real estate firms have reduced energy consumption in buildings by the equivalent of almost 280,000 barrels of oil and cut carbon emissions by the equivalent of removing 25,000 cars from the road, according to a new report, Greenprint Performance Report: Volume 6, released by the ULI Greenprint Center for Building Performance.
With the United Nations General Assembly, Pope Francis, and President Obama converging on New York City, booking a hotel room there has become next to impossible. Room prices have spiked—at least temporarily—throughout much of the city. Yet, it is at odds with a real estate investment trust (REIT) sector where total returns are down 16.41 percent year-to-date in 2015. Plus, interest rate survey results from Trepp.
Last week, the U.S. Federal Open Market Committee opted to not raise its benchmark interest rate, which has been near zero since late 2008. The lack of an interest rate increase was positive news for real estate and real estate investment trusts, which gained 1.10 percent for the day. Plus, interest rate survey results from Trepp.
Macy’s and Best Buy have announced plans to open 300-square-foot (28 sq m) consumer electronics departments in ten Macy’s stores in early November. The announcement seems innocuous, since the store-within-a-store concept is not new, but it is important to these retailers, both of which have struggled as consumers increasingly shop online and at discount retailers.
As of August 18, the FTSE NAREIT All Equity REIT average monthly total return was up 2.38 percent; but by month’s end, it had lost its gains and more. The FTSE NAREIT All Equity REIT average declined 5.82 percent during August. Plus, interest rate survey data from Trepp.
U.S. stock markets turned dramatically lower during much of the past week, but markets ended the six-day downturn by surging ahead on Wednesday and posting additional gains on Thursday. Positive economic news on U.S. second-quarter gross domestic product, consumer confidence, and home sales indicated that the domestic economy should be able to withstand the slowdown in China. Plus, interest rate survey data from Trepp.
Jeff Speck, planning expert and author of Walkable City and coauthor of Suburban Nation , has created a series of videos that illustrate how cities are reducing on-street parking and better utilizing their existing roads to create calmer traffic patterns, wider sidewalks, and dedicated bike lanes.
Former U.S. Secretary of State Condoleezza Rice, Airbnb chief executive officer and cofounder Brian Chesky, Wells Fargo chairman and president John Stumpf, and California Governor Jerry Brown headline the list of innovators and thought leaders scheduled to speak at ULI’s 2015 Fall Meeting, set for October 5–8 at the Moscone Center in San Francisco.