DAILY READS: JAN. 15, 2020
- Jan 15, 2020
The 50,000-square-foot coworking space, which is set to open during the last three months of 2020, is the seventh to be announced under CBRE’s Hana brand of collaborative offices and will be its first to open in the northeastern United States.
Austin was the city most expected to outperform the, country according to the survey. Southern markets in general topped the results, with Charlotte, North Carolina; Atlanta, Georgia; and Nashville, Tennessee among the markets at the top of the charts for predicted home value growth.
Chinese buyers were not buying real estate in Miami five years ago, said Knight Frank Global Head of Research Liam Bailey. But now, they make up 4 percent of the foreign buyer pool, according to the most recent data published in 2018 from the National Association of Realtors.
Unibail-Rodamco-Westfield officials said the company plans to transform the 160K SF vacant department store that once anchored the Westfield Topanga mall in Canoga Park into a food hall with other types of dining and entertainment experiences.
—Bisnow Los Angeles
“’The people that are putting properties on the market right now tend to have a lot of equity, and they can be more discretionary sellers,’ said Michael Tortorici, an investment sales broker at Ariel Property Advisors. ‘These are generational families that are moving on or splitting up partnerships. Or it’s owners that have some holdings [in which] they have a decent amount of equity, and maybe [the property] doesn’t fit in with the rest of their portfolio.’”
“Prices rose relative to operating income for student housing properties in these secondary and tertiary markets in the first half of 2019, driving cap rates down. But potential buyers are resisting these lower cap rates—they are demanding higher yields to compensate for the risk of buying near smaller schools. That’s leaving some property owners stranded in deals, experts say.
—National Real Estate Investor
“‘Attom’s analysis incorporated its own sales-deed data, 2020 fair-market rent data from the U.S. Department of Housing and Urban Development and wage data from the Bureau of Labor Statistics. ‘Home ownership is a better deal than renting for the average wage earner in a slim majority of U.S. housing markets,’ Todd Teta, chief product officer at Attom Data Solutions, said in the report.”