If Irvine Builds Amazon's HQ2, The Company Will Only Have To Pay The Rent
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In the competition to woo Amazon's HQ2, Irvine Co. has stretched beyond the promises of many other cities to make Irvine, California, a contender, offering up a turnkey solution for the new headquarters without any upfront capital from Amazon.
The company's strategy could save Amazon the $5B it would cost the tech giant to buy and entitle land and design and build its new campus.
If Amazon chooses Orange County for its second headquarters, the e-commerce leader could walk into the fully financed and fully approved Irvine Spectrum district. Irvine Co. is offering the full 8M SF Amazon has requested from cities vying for HQ2. Amazon would…
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Amazon Received 238 Bids For HQ2. Now, A Continent Waits
Amazon's hands are full sorting through hundreds of bids for its second headquarters.
The tech giant received 238 proposals, from 54 states, provinces and districts across North America, for HQ2. The only U.S. states that did not apply were Arkansas, Hawaii, Montana, New Hampshire, Wyoming and North and South Dakota, The Real Deal reports.
As it…
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WeWork Acquires Coding Academy, Plans Nationwide Expansion
The co-working industry leader announced Monday that it has acquired The Flatiron School in its entirety. The programming school, which focuses on accelerated programs for adult students, is in 11 Broadway, also known as the Bowling Green Building, overlooking its namesake…
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Why Your Brain Makes You Get Real Estate Investing Wrong
Many assume the real estate investment decisions they make are rational, but what if they are not?
A new research paper called "Addressing built-in biases in real estate investment," produced by Fidelity International, takes the tenets of behavioral psychology and economics and applies them to institutional commercial real estate investment.
Author Matthew Richardson shows how the decisions commercial real estate investors make, which they think are rational, often lead to herd-like behavior and emotional reactions that cause the bubbles and crashes the sector experiences on a fairly regular basis.
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Success On Tap: 6 Breweries Anchoring Major Developments Around The U.S.
Craft beer production in the United States has nearly tripled over the past decade, and with that rise has come a host of new breweries in American cities. With many of them featuring taprooms and restaurants, these breweries have become valuable anchors for large mixed-use projects. Here are six breweries that anchor major developments across the U.S.
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Millions Of Americans Are Still Sharing Apartments And You're Worried About A Bubble?
Though the number of apartments under construction has reached a cyclical high, fears of an approaching bubble may be premature.
Those wary of the impact on fundamentals of 480,000 units under construction this year can be assuaged by the fact that apartment demand in the U.S. is still exorbitant, National Association of Real Estate Investment Trusts Senior Economist Calvin Schnure said.
“Whatever level of supply there has been so far, it hasn't been enough to meet population pressures and is nowhere near beginning to address the past buildup of population pressures,” Schnure said.
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