The world’s sixth largest economy loses $140 billion per year in output (6 percent of the state’s GDP) to the housing shortage, according to a McKinsey Global Institute paper. About $90 billion of this loss is in missing construction investment … Continue reading →
During the summer the per-square-foot price for Trump-branded condos in Manhattan averaged $1,974/sf, compared with $1,873/sf for all other units, a five percent premium, according to MarketWatch There are many procedures for the same. viagra online store That’s why Experts … Continue reading →
The Trump name will be removed from the “Trump Place” apartment buildings in Manhattan’s Upper West Side, according to The New York Times. Equity Residential owns the apartment buildings at 140, 160 and 180 Riverside Boulevard (between 66th and 69th … Continue reading →
Vornado Realty Trust will spin off and merge some of its DC area portfolio with The JBG Companies to form JBG Smith Properties. The new REIT will include 11.8 million square feet of office space, 4,451 multifamily units and a … Continue reading →
British luxury carmaker Aston Martin, in partnership with G and G Business Developments (owned by Argentina’s Coto family), will develop its first-ever real estate project. Located on the Miami River at 300 Biscayne Boulevard Way and overlooking Biscayne Bay, Aston … Continue reading →
On Wednesday, DC officially took possession of 66 acres of the 110-acre former Walter Reed Army Medical Center campus. The District paid $22 million for the Ward 4 property and intends to ground lease it for $25 million to a … Continue reading →
New York State has enacted a law authorizing fines of up to $7,500 for short-term apartment rentals (fewer than 30 days) when the owner or tenant is not present. The law targets Airbnb which, as of August 2016, had 45,000 … Continue reading →
Skanska USA Commercial Development has started work on a $112 million, LEED Gold residential building which it calls “Resa”. The 12-story, 326-unit luxury building will have 10,000sf of amenity space and 7,000sf of street-level retail. The project is located at … Continue reading →
Apartment rent rates in the U.S. rose by 0.4 percent in May, the 67th consecutive month of increase, according to USA Today (citing consumer price index data). Rents climbed by about five percent in the first half of the year … Continue reading →
The vacancy rate in LA’s multifamily sector is 3.8 percent. Developers in Los Angeles County will deliver 10,000 rental units in 2015, surpassing the 9,300 units delivered to market last year. Another 50,000 units are in the planning Now everyone … Continue reading →