As Middle, Low-Income Californians Migrate To Texas, Class-B Apartments Benefit
Trendmaker Homes president Will Holder sees enormous demand from California for his Texas homes that have price points around $500K. “We count on migration for our business,” he said. Many luxury apartment and homebuilders across Texas have counted on an influx of price-hardened Californians to drive their rents up.
But the housing demand from California might be largely misunderstood, according to the U.S. census. The real beneficiary may be Class-B and Class-C apartments.
From 2000 to 2015, California exported more people than it imported, and those Californians leaving the Golden State were mostly poor and without college degrees. Higher-income Americans tended to migrate into California, according to U.S. census research from the Sacramento…
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QUIZ: Are You A Tech-Savvy Building Professional?
In an age where efficiency means money, smarter buildings can help increase the productivity of tenants' businesses. Are you a tech-savvy building professional? Take this quiz to find out!
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Frost Bank Tower Breaks Ground Wednesday
On Wednesday afternoon, San Antonio's newest skyscraper, Frost Bank Tower, is breaking ground. West Urban and partners will develop the 23-story project that includes 430K SF of office space and 20K SF of ground-floor retail.
Due for completion in 2019, Frost Tower…
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Texas AG Clears The Way For Eminent Domain Use For Trump's Wall
Critics of President Donald Trump's proposed border wall have pointed to the prolific use of eminent domain required to acquire the land for the wall as a concern. But he has unexpected backing in Texas. On Monday, Attorney General Ken Paxton said he has…
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4 Ways Tenants Of The Future Will Behave
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Technology has changed the way tenants interact with their home environment. It has altered unit layouts, installed smart devices in walls and ceilings, and shifted residents' routines.
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Brexit: What Experts Predicted vs. What's Actually Occurred So Far
The United Kingdom's exit from the European Union begins March 29, triggering a two-year process that will impact global financial and real estate markets.
But how? When the Brexit referendum passed June 23, economists and commercial real estate experts made dozens of predictions about the probable impact on the UK and U.S. economy, and the commercial real estate economy in particular.
Check out some of those predictions and whether they have been fulfilled, proven wrong or are yet to come true.
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Builders Turn To Mixed Density Developments To Cater To Young, Aging Millennials
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Ascent West Takes Dealmaking To A New Level
You do not need Donald Trump to tell you how to master the art of the deal. Just make sure you are in Scottsdale, Ariz., April 24-26 for Ascent West, the exclusive retreat for real estate's top owners, developers and investors under 45-ish.
You cannot be there without an Ascent membership, though, and the window is closing fast on your chance to secure a spot in the real estate industry's most prestigious invite-only community. (Do not be left out in the cold when…
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