"In January, home prices nationally were up an average 6.2% from a year earlier, according to the S&P CoreLogic Case-Shiller home price index. Prices have risen nearly 50% from their 2012 bottom. Supply shortages, combined with a healthy job market that’s fueling demand, are blamed for the recent price run-up..."
"Former Uber Chief Executive Travis Kalanick talks to the media during an event at the 2016 Breakthrough Prize awards ceremony at NASA Ames Research Center, in Moffett Field Mountain View, on Sunday, Nov. 8, 2015. Kalanick said late Tuesday that he’s buying a controlling stake in a distressed real estate company called City Storage Systems for $150 million and installing himself as CEO..."
"A Brooklyn building may be the first foray into a new investment model that could allow people to invest in a piece of real estate with just a few dollars and the click of a few buttons. Next month, accredited investors can own fractional shares of the five-unit building, represented by tokens purchased through a website built on the ethereum blockchain. Those investors would reap a proportionate amount of rental income. If the building grows in value, so would those shares..."
"On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the 'Act') into law. The Act provides the most sweeping change to the U.S. federal income tax laws in decades and will impact taxpayers engaged in the real estate industry. This alert provides brief answers to some of the important questions we are being asked by real estate owners, developers, and investors concerning the Act and the new partnership audit rules that apply beginning with the 2018 tax year..."
"A lack of supply and thriving buyer demand in San Francisco’s real estate market has the city’s housing market hot under the collar. The market is 'about as heated now as it has been at any time in the past 10 years,' according to a report Thursday by Paragon Real Estate Group, though the brokerage warned that it’s still early in the year to come to any definitive conclusions about where the year is going..."
"As housing prices continue to soar, would-be homebuyers on Oahu are turning to a more affordable alternative: Condos. Condo sales increased 6.4 percent in February, compared to the same month last year, according to the Honolulu Board of Realtors. Meanwhile, the median price for a condo on Oahu hit $409,000 in February. That's up from $385,000 a year ago..."
"The blockchain technology that underpins cryptocurrencies such as bitcoin could change the way property deals are done and recorded more than any other new technology, real-estate and technology experts say. And Sweden’s nearly 400-year-old land mapping and registration authority is likely to become one of the first government agencies to test using blockchain technology for conducting property sales..."
"'Real estate might be the industry that is most transformed by autonomous vehicles,' said David Silver, who teaches self-driving engineering at Udacity Inc., an online university that has enrolled more than 10,000 students who want in on the transport of the future. 'It could change real estate from a business that is all about location, location, location...'”
"GPS 'is a critical element of digital services in our lives outside of work,' said Chris Kelly, co-founder of the tech-focused office services firm Convene. 'There’s just one problem with GPS: It can’t see inside buildings.' But beacons — tiny devices that can be placed almost anywhere in a room — can. And they are slowly starting to reconfigure the use of commercial real estate..."
"As real estate investors, prospective homebuyers and brokers look back, 2017 could probably be called 'The Year of Real Estate Records.' Dozens of major real estate markets saw rent and home prices continue to rise, sometimes even hitting all-time highs, while building on years of steady growth since the housing collapse a decade ago. It’s truly striking, and with each day that passes, 2018 shows few signs of slowing down..."
"Despite the trend of modernizing back office real estate processes, a surprisingly high percentage of real estate owners and operators are still using spreadsheets and paper to manage their properties. A new report out today outlines just how large the divide is between what tenants expect and how the commercial real estate industry actually operates..."
"New York City has added an estimated 488,478 housing units since 1991. For a city that has added 1.1 million jobs over that same period, that's not great, but it's not terrible, either. Where things get complicated -- and in some ways less encouraging -- is in exactly what kind of housing it has added..."
"When private equity giant Blackstone Group went public in 2007, fewer than a quarter of its $79 billion in assets under management were tied to real estate. Soon after the listing came the worst real estate downturn in at least a generation and it sat at the epicenter of a severe financial crisis. That tumult proved to be an opportunity for the head of Blackstone's real estate business, billionaire Jonathan Gray..."
"In addition to the Visionary Award, 22 finalists have been named in seven categories, including Office Deal of the Year, Land Deal of the Year, Industrial Deal of the Year, Mixed Use/Special Use Deal of the Year, Retail Deal of the Year, Rehab/Renovation Deal of the Year, and Residential Deal of the Year..."
"They're just starting to think about what to do with all the space that could be freed up in a world where cars no longer sit idle for an estimated 95 percent of the time, whether unloved areas without mass transit might soon become more attractive, whether out-of-the-way greenfield sites will become valuable locations for warehouses..."
"Brownstoner announces the Brownstoner RADD Awards, celebrating 50 leaders in Brooklyn real estate, architecture, design and development. The winners will be selected by a panel of judges comprising principals from Apartment Therapy, Alchemy Studio, CWB Architects, FXFOWLE and REBNY, as well as Brownstoner..."
"The digital transformation is more than just another buzzword. As the millennial workforce prepares for middle age, Gen Z is now also entering the workplace and continuing the drive for better technology and mobility. The future of commercial real estate is forcing landlords to evolve and meet a new set of tenant demands..."
Realtor.com® was out Thursday with a report, "State of the Housing Union," that shows the strong U.S. economy and unprecedented housing shortage pressuring potential home buyers striving to attain home ownership. According to the analysis, strong buyer demand, constrained inventory, and ready-to-buy first timers are the key underlying dynamics driving today's housing market...
The Boston Society of Architects/AIA announced the winners of 2017 design awards at its annual gala that was held on Thursday. More than 400 people attended the event. The awards were given Housing Design, Unbuilt Architecture and Design, Honor Awards for Design Excellence, the Harleston Parker Medal and the People’s Choice Award, selected among the Harleston Parker Medal finalists...
"At its 122nd Annual Banquet on January 18th, the Real Estate Board of New York (REBNY) honored top industry leaders for their civic achievements and contributions to the industry with a spotlight on outgoing REBNY Chairman Rob Speyer, who led New York’s leading real estate trade association with distinction for the past five years..."