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:
On September 17, Standard and Poor’s will start a new Real Estate sector which will include all of the real estate investment trusts (REIT) that are currently classified in the Financial sector. Many institutional investors, mutual funds, and exchange traded funds are going to be required to move capital into this new sector when it becomes official. Sam Miklosko tells us what to expect and how we can take advantage of this situation.
“Real estate, historically, is a very gut kind of business,” WeWork’s chief product officer David Fano said Wednesday. He’s out to change that. The $16 billion company is looking to gather a slew of data on its members to guide how it designs its spaces. Speaking to journalists on the sixth floor of WeWork’s Times Square location — which the company has turned into a testing site for new technology — Fano likened the ideal office building to an iPhone: all parts are connected and governed by technology.
Paul Massey, a real estate executive, announced Thursday that he is officially running for mayor. While Massey, a Republican, is known in the industry he is an outsider to politics, according to The New York Times. Massey said he would not participate in the city’s matching funds program and he would self fund his campaign with donations from others. Despite the announcement, the Campaign Finance Board said it was not aware of Massey’s filing to run for mayor. Earlier this year, Massey, who sold his commercial brokerage Massey Knakal Realty Service to Cushman & Wakefield for a reported $100 million last year, launched a political action nonprofit, 1NY Together, to “foster a dialogue in the city” about issues related to education, infrastructure, crime and the economy.
By Josh Barbanel via The Wall Street Journal
The High Line enthralls thousands of tourists every day who walk through its mix of industrial ruins and flowers on track beds above the streets of Manhattan’s West Side. But new data show that this aerial park has also helped transform real-estate values for apartment owners in the surrounding blocks since its first section opened in 2009. Resale values of properties already nearby rose a cumulative 10 percentage points faster than areas only a few blocks farther away.
By Christian Brazil Bautistavia Rew-Online
Xinyuan Real Estate has just acquired 135-35 Northern Blvd. in Flushing, Queens for $66 million. The property, which was once a movie house called RKO Keith’s Theater, will be converted to a 269-unit condo building. “We are very pleased to be developing our third major project in the New York residential real estate market. The location for this project in downtown Flushing is ideally situated particularly as there is a shortage of inventory in the higher-end condominium segment. Given the location of this project, we expect it will be appealing to both local and foreign buyers and investors.
Did you like these articles? What were your favorite articles this week?