There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Julie Satow via The New York Times
The most well-known developer in New York today may be a man with national aspirations and a propensity to talk off the top of his extravagantly coifed head, but a century ago, the headlines were commanded by a real estate family with an aversion to publicity and the trappings of wealth. In the early 20th century, the Wendels were perhaps the most powerful landlords in New York City, a dynasty with more than 150 properties in Manhattan worth over $1 billion in today’s dollars.
By Laura Kusisto via The Wall Street Journal
The housing market in Calgary, capital of Canada’s struggling energy sector, has been hit so hard it makes the challenges faced by U.S. oil towns look relatively mild. March home sales volume tumbled 11% from the same period last year, according to the Calgary Real Estate Board. Some 2,000 miles to the south in the headquarters of the U.S. oil industry, Houston, home sales were up 2% in February—the most recent data available—compared with the same month last year, according to the Houston Association of Realtors.
By Ely Razin via Forbes
Earlier this month, Forbes published a list of the 20 richest real estate billionaires in the world in 2016. CrediFi went beyond the rankings to see which U.S. commercial real estate properties are in the portfolios that helped these billionaires make it to where they are today. Here’s what we found. Wang Jianlin : The world’s richest real estate baron, according to Forbes, is Wang Jianlin of China. With a net worth of $28.7 billion, he is the richest person in Asia and the world’s 18th-richest person overall.
By Ariel Stulberg via The Real Deal
Queens developers dominated the list of March’s largest real estate permit filings, accounting for half of the top 10 projects. Monadnock Development’s affordable, 226,000-square-foot One Flushing project took the cake, leading a field composed primarily of medium-sized residential projects with ground floor retail. It was a relatively quiet month on the whole. Just half of March’s largest projects crossed the 100,000-square-foot mark, and only one – New Empire Real Estate’s 122-unit Midtown East condominium tower – is slated to rise higher than 20 stories, according to data from PropertyShark.
By Eliot Brown via The Wall Street Journal
The U.S. office market grew at a strong pace in the first quarter, an indication of strength in the economy as employers continue to expand. The amount of occupied office space grew by 10 million square feet in the quarter, and 45 million square feet over the prior 12 months, the strongest yearlong period since 2007, according to real-estate research firm Reis Inc.
Did you like these articles? What were your favorite articles this week?