A Brookings report breaks down the component costs for a mid-rise (four- to six-story) multifamily project into three categories (land costs, hard and soft costs) and estimates the contribution of each category to the total development costs as follows: Land … Continue reading →
Using data from the financial statements of all publicly traded firms covering all sectors of the U.S. economy over the period 1955-2016, a paper by Jan De Loecker, Jan Eeckhout and Gabriel Unger finds that aggregate markups (the cost-weighted average … Continue reading →
Average retail asking rents in New York fell for the tenth consecutive quarter to $714/sf during Q1–2020 – a nine percent decline year-over-year, according to CNBC (citing data from CBRE). Retail rents in Times Square dropped by 15.7 percent from … Continue reading →
Foreign institutional investors were net buyers of Chinese commercial real estate, totaling $2.7 billion in Q1–2019, according to The Wall Street Journal (citing data from Real Capital Analytics). This is a reversal from most of the period between 2013 to … Continue reading →
On July 1, the DC government announced that the development team consisting of Monument Realty, Morningstar Community Development, The May Firm, and Community Housing Partners was selected out of six proposals for the development of 2 Patterson NE – a … Continue reading →
The AnnA Villa, a luxury property located in Boulogne-Billancourt in the western suburbs of Paris, is the first European property to be sold entirely via blockchain transaction, according to Forbes. Ownership of the property, valued at €6.5 million, was transferred … Continue reading →
WashREIT has entered into two agreements with separate institutional buyers to sell a total of eight retail assets. The first sale agreement includes the following five retail assets: Gateway Overlook, Columbia, MD; Wheaton Park, Wheaton, MD; Olney Village Center, Olney, … Continue reading →
One year after switching to fresh beef in its quarter-pound burgers, McDonald’s has gained market share in the “informal eating out” category for the first time in five years, according to Business Insider (citing a company report). The change from … Continue reading →
Downtown Miami has one of the highest retail vacancy rates in Miami-Dade County, according to Law.com. About 21.5 percent (more than 3 million square feet) was vacant in Q4-2018 and the average direct asking rent was $59.43/sf NNN, according to … Continue reading →
The total value of U.S. commercial properties selling for $2.5 million or higher totaled $562.1 billion in 2018 – a 15 percent increase compared to 2017, according to The Real Deal (citing data from Real Capital Analytics). Property prices increased … Continue reading →