"Nine of the best real estate projects in Central Texas won big Wednesday night at Austin Business Journal's 2018 Commercial Real Estate Awards, along with a longtime executive who's had a hand in the transformative wave sweeping the region. About 350 attendees were on hand at the awards dinner at the Four Seasons Hotel Austin..."
"For many Americans, the most valuable asset in their investment portfolio is their home. Properly managing this asset and ensuring that it plays into other long-term financial goals requires real estate expertise, which is a skill set most financial advisors lack. However, putting financial advisors and realtors under one roof can create a cross-pollination of ideas and expertise that provides homeowners with a holistic picture of their assets and how to maintain them..."
"L.L.C.s shield property owners from personal liability while obscuring their identities. In some cases, so much anonymity also enables money laundering, and it can mean that tenants struggle to hold landlords accountable, that cities fail to fix blight and that researchers can’t answer basic questions about the housing market. As much as people may want to keep their financial dealings private, the housing market has long been an unusually transparent place..."
"DailyRealEstateBuzz.com ('The Buzz') editorial staff announces launch of the real estate industry-focused online periodical with emphasis on bridging industry peer and home market consumer interests. The launch places in motion established content partnerships as well as best practice tips and advice gathered from across multiple industries by The Buzz’s research staff..."
"At this week’s meeting, City Council is scheduled to consider changes to how members of the city’s Planning Commission are selected. The city attorney’s office has offered two alternative approaches – one of which could have a radical impact on the number of engineers, architects and other design professionals allowed to serve on the commission..."
"A new real estate brokerage with plans to disrupt the Washington housing market started out with a big surprise: From now through May 31, sellers who list their house with the brokerage will be paid $1,000 rather than pay a commission to sell their property. After the initial launch, sellers will pay a flat fee of $995. In all cases, the sellers pay the buyer’s agent commission of 3 percent..."
"This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for years in their parents’ basements or expensive apartments. The only problem: Much of the food at the party is gone, and what’s left is priced like caviar..."
"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..."