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:
Japan’s real estate investment trusts have soared in value to become the priciest in the world. More purchases by one of the biggest investors in the landlord business — the Bank of Japan — may help propel prices even higher. Buying by the BOJ has helped boost premiums on J-REITs, which manage rental properties such as apartments, offices and malls, to 62 percent as of June 8, meaning investors would pay almost two-thirds more than the appraised value of properties they own, according to S&P Global Market Intelligence estimates.
A real estate investment can give you the best of both worlds – current income at good rates and long-term gains with high upside potential. Add in the possibility of leverage with borrowed money and you can see why more fortunes are made in real estate than any other business . You can start your own empire on a small scale.
Investors in recent years have been ho-hum about online shopping’s potential as a growth engine for companies that own warehouses and distribution centers. Now Wall Street is giving that a rethink. Shares of real-estate investment trusts that own industrial space have soared 17.3% this year, compared with 6% for all equity REITs and 1.7% for the S&P 500, according to Green Street Advisors.
If a Brooklyn developer gets his way, New Yorkers will soon hear screams coming from Penn Station. No, not because of the soul-crushing decor, but due to a free-fall tower Brooklyn Capital Partners hopes to build on top of Madison Square Garden or the James A. Farley Building. The firm has proposed building a 1,200-foot-high ride called “The Halo” in order to help pay for the planned $3 billion redevelopment of Penn Station and the post office, known as Moynihan Station, the New York Daily News reported.
While Chris Wilson, 59, was moving to Bushwick from Clinton Hill, Brooklyn, with his husband, Karl Brown, 57, and their two children a year ago, he was amazed that a nearby resident offered to move his car to accommodate the moving truck. “This is a place where street parking is prime,” said Mr. Wilson, who bought a two-bedroom two-bathroom condominium with Mr. Brown at 330 Bleecker Street for $750,000. “And somebody said, ‘Would you like me to move my car so we could fit the truck in there?’ And that says a lot about a community.”
Did you like these articles? What were your favorite articles this week?