- Luxury Rental Buildings Take ‘Working From Home’ to the Next Level “Developers across the nation are doing what they can to make remote work more convenient to lure prospective tenants, setting off an amenities war as luxury rental buildings and condos dangle must-have conveniences like private offices, conference rooms, task lighting, wall-mounted monitors, podcasting booths and high-speed internet.” (The New York Times)
- First Came the Urban Transplants. Now Come the Concerts “As the pandemic spurred people to move from big cities to smaller metro areas, a new wave of venues like the Orion, opened in May, are cropping up across the country. Artists are routing tours to play for fans in new markets like Fort Worth, Texas; Colorado Springs, Colo., and Gainesville, Ga.” (The Wall Street Journal)
- Homebuilding Giant Shifts Focus To Rental Business As Housing Market Cools “D.R. Horton, the nation's largest homebuilder, has begun to focus more on growing its rental platform as rising interest rates and inflation shift its housing sales projections.” (Bisnow)
- China plans real estate fund worth up to $44 billion for distressed sector, source says “China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter.” (Reuters)
- He Runs a New York Real Estate Empire. Did He Steal It? “His case exemplifies the slow and stumbling fight against deed theft, which often targets immigrants and Black and Latino homeowners. Despite repeated pledges from the New York State attorney general and legislature to curtail the fraud, only a small fraction of thousands of complaints are ever prosecuted.” (The New York Times)
- DeSantis: China Should Not Be Able To Buy American Real Estate “Gov. Ron DeSantis (R-FL) warned allowing the Chinese Communist Party and CCP-affiliated people to buy American real estate will bring ‘undue influence from rogue states’ in an interview on Friday with FOX News host Laura Ingraham. DeSantis spoke about the effort in Florida to prevent CCP-affiliated organizations and people from purchasing land.” (Real Clear Politics)
- New York Developers Figure Out the Electric Building “As New York City landlords grapple with official pressure to reduce their carbon footprint, many are wondering how, exactly, they can convert their aging steam heat systems and gas stoves to energy efficient, all-electric options.” (Commercial Observer)
- ‘Offices are toast’: CEO of real estate investment platform Fundrise is betting workers won’t return to city centers “In Miller’s view, the coronavirus pandemic stimulated a larger cultural awakening that questioned the efficiency of working in-person in an office after nationwide lockdowns didn’t deter white-collar workers from continuing to work from home.” (Marketwatch)
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