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 Tanner McGraw via Forbes
Thousands of tech startups launch in the United States every year, which is great news for commercial real estate (CRE) brokers. Almost every one of these companies needs office space, after all. These emerging businesses have a lot of growth potential: just think, one of them could be the next Airbnb or Pinterest, and the relationships brokers cultivate while they’re just starting out are critical to keeping their business as they grow.
Google parent Alphabet Inc. has legions of Web developers. Soon it might be in need of real estate developers. In coming weeks, top executives at the Mountain View, Calif., technology giant are set to weigh a pitch from Alphabet’s urban technology-focused subsidiary, Sidewalk Labs, on a plan to delve into an ambitious new arena: city building.
By Kenneth Rapoza via Forbes
China’s real estate market is at it again. In particular, commercial real estate sales prices rose 10% year-over-year in the first quarter to $2.8 billion, according to Jones Lang Lasalle in China. “The large gap between buyer and seller expectations resulted in a scarcity of assets,” said Anthony Couse, head of capital markets for Jones Lang said. “Institutional investors are still looking for core stabilized assets in major cities, which are scarce after a record year of investment in 2015,” he said. Real estate remains a stronghold of mainland China savings.
By Joanne Kaufman via The New York Times
When Donal Burke and his wife, Monica Goel, decided to leave their rental and buy an apartment a few years ago, they knew what they wanted: a newly built condominium. “We like modern design, big windows and plenty of light, and new buildings tend to have those and they mostly have better amenities,” said Mr. Burke, 54, a computer consultant. But after considering shiny new possibilities across Manhattan and in Brooklyn, the couple grabbed a one-bedroom co-op at the Carlton Regency, an apartment house on East 36th Street that was built in 1966.
By Ariel Stulberg and Will Parker via The Real Deal
Old money vs. older money. Lincoln Center vs. Lincoln Town Car. “Seinfeld” vs. “Gossip Girl”? There are many ways to compare the Central Park West and Fifth Avenue, but when it comes to real estate, the numbers say it all. Co-op and condominium units in elevator buildings on Fifth Avenue along Central Park are, according to the city, worth far more on average than their Central Park West counterparts. But because the West side has so many more units, the buildings on CPW are actually valued higher, The Real Deal‘s analysis of the Department of Finance data found. The current “market value” of the average parkside Fifth Avenue co-op unit stood at about $609,175 according to the records, compared to about $406,838 on CPW.
Did you like these articles? What were your favorite articles this week?