Photo: Getty It is difficult to believe that it’s been 12 years since the subprime mortgage crisis and subsequent recession of 2008. Yet 12 years have in fact passed, and we now face a new — and in many ways, even more daunting — challenge to economic survival and prosperity. While the coronavirus pandemic that
Real Estate
Photo: Getty VUCA, like all good acronyms, was coined by the U.S. military, and stands for volatility, uncertainty, complexity and ambiguity. Corporate real estate has largely been stuck in VUCA, forgoing forward-thinking trends in the age of accelerations for dated strategies that are largely linear, long-term and inflexible, making them particularly ill-prepared for the rapidly
The extra $600 in weekly unemployment benefits from the federal government expires in July. … [+] Apartment industry experts fear rent payments will plunge as a result. Getty As rent comes due in June, the third month since the onset of the pandemic, and as Congress mulls additional aid to inject into the coronavirus-battered U.S.
Photo: Getty In 1908, the National Association of Real Estate Exchanges was founded to bring agents and brokers together “for the purpose of effectively exerting a combined influence upon matters affecting real estate interests.” In 1913, the real estate industry adopted its first draft of the Code of Ethics. In 1916, the association became the
Photo: Getty WeWork has seen its fair share of stumbles in the past year: an indefinitely postponed initial public offering, a sharp leasing slowdown in two of its biggest markets, accusations of insider dealings and a sudden crash in valuation. In October 2019, SoftBank Group Corp. agreed to take majority control of the company, but WeWork isn’t out of
Photo: Getty There are two types of investors when it comes to commercial real estate investing: speculators and smart investors. The former take bets on the asset’s appreciation over time based on the market, aka organic appreciation, and rely purely on an increase in value over time based on the market conditions. Smart investors, however,
Photo: Getty Technology has reshaped our lives in so many ways — instant transportation at the click of a button, instant grocery or food delivery and the ability to communicate via video with anyone in the world are just a few of the perks technology brings to the table every day. While the real estate
Hardship forbearance is an option for those who are unable to make monthly mortgage payments. Getty Homeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, according to the Federal Housing Finance Agency. The reach of the pandemic across
Architect Ileana Schinder outside the accessory dwelling unit (ADU) she designed in the 16th Street … [+] Heights neighborhood in Northwest Washington, D.C. in January, 2020. (Photo by Amanda Andrade-Rhoades for The Washington Post via Getty Images) The Washington Post via Getty Images Accessory Dwelling Units, or ADUs, are secondary houses or apartments that share
This an extraordinary Budget in an extraordinary time, and there are many questions left unanswered … [+] over how the government will pay for their considerable borrowing spend. Getty Images The new Chancellor of the Exchequer, Rishi Sunak, on Wednesday, March 11 set out the Conservative government’s Budget 2020 against the unprecedented backdrop of a
The policy applies to all reservations booked in the U.S. on or before March 13 with a check-in date of April 1, 2020 or earlier. ANKARA, TURKEY – DECEMBER 30: Logos of Airbnb are seen with a house mock-up onto it, on December 30, … [+] 2019 in Ankara, Turkey. (Photo by Metin Aktas/Anadolu Agency
A Wing location in New York. Tory Williams/The Wing Topline: Shared corporate space providers Convene and The Wing are shutting down multiple locations for at least two weeks because of the global coronavirus outbreak. Convene, which leases office and event space, is closing more than half of its locations after learning of a confirmed case
New York City landlords have pledged a 90-day moratorium on evictions due to the COVID-19 pandemic. Getty New York City property owners, along with the city’s major real estate trade association, pledged Friday that landlords will not pursue eviction against tenants for the next 90 days due to the COVID-19 pandemic. “Starting immediately, we are
Photo: Getty There’s a reason many high-net-worth individuals still consider real estate the best investment you can make today: it’s a solid foundation for building wealth. If you invest wisely in one property that appreciates over time, you can use the residual income generated to acquire more properties and continue to expand your assets. Real
Quarters bedroom. Lehrter Strasse Following the migration of hipsters and millennials, the European co-living company Quarters is putting down roots in Brooklyn. Founded in Germany in 2012 by a pair of serial entrepreneurs, who famously got their start in business by selling sausages online, the brand, geared toward traveling professionals, will soon have 3,000 beds
Keep you neighborhood in mind when choosing exterior paint colors for your house. (Photo by: … [+] Avalon/Universal Images Group via Getty Images) Universal Images Group via Getty Images After surveying 43 home design experts, Fixr has published the results of its annual color study. The results confirm what many interior designers have been predicting
Having sold its property overlooking Buffalo Bayou west of downtown Houston, The Center for Pursuit, … [+] which serves adults with intellectual and developmental disabilities, kicked off its new facility in the East End. Rendering courtesy of The Center for Pursuit An interpretation of mixed-use development, The Center for Pursuit’s next generation facility broke ground
LONDON, ENGLAND – The private office of Hong Kong property magnate Cheung Chung Kiu is purchasing … [+] the U.K.’s most expensive home. (Photo by Dan Kitwood/Getty Images) Getty Images The private office of Hong Kong property tycoon Cheung Chung Kiu is under contract to purchase the U.K.’s most expensive home, located on the south
Sekisui House, Ltd., president Yoshihiro Nakai at CES 2020, unveiling new smart home health … [+] technology. TAK S ITOMI Japanese developer Sekisui House doubled down last week at CES on its imminent roll-out of a game-changing—life-altering—smart home health technology. Sekisui House’s foray offers a sensor-centric early-detection and split-second ambulance response solution that triggers at
Share to facebook Share to twitter Share to linkedin Guests can stay in the Be More Active suite at 25 Broad St. for $20.20 a night through a promotion … [+] by travel site Booking.com Booking.com In a quirky promotion to ring in 2020, hotel reservation site Booking.com has transformed 20 units at 25 Broad