How President-Elect Donald Trump Could Impact Commercial Real Estate
In a shocking turn of events that neither the polls nor financial markets predicted, Donald Trump will become the 45th president of the United States of America, after defeating Democrat Hillary Clinton.
His path to victory was an unprecedented one, grabbing crucial battleground states like Florida and Ohio before breaking through the “blue wall” of typically Democratic-leaning states such as Wisconsin, Pennsylvania and Michigan that were imperative for Clinton's success.
Trump's victory signifies a coming shift in global policies surrounding free trade, immigration and international finance promised on the campaign trail. The win has certainly dealt a shocking blow to global financial markets, with stock futures plunging election night.
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Editor's note: This story will be updated throughout the day.
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Seattle Power Women!
Bisnow was thrilled to celebrate the top women in Seattle commercial real estate with friends, supporters and sponsors last week at the Westin Seattle.
Bisnow's Power Women are those who push boundaries and change the built environment and the commercial real estate industry. They're also leaders and role models who are inspiring and nurturing the next generation, many of whom joined us for great…
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Bisnow 2016 Election Coverage
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Amazon At Work On Third Tower In Seattle
Work has started the third tower in Amazon's high-rise Seattle campus, with completion slated for 2019. The structure will include a 37-story tower and a seven-story building with a total of 1.1M SF of office, more than 43k SF of…
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Top 3 Advantages Of Subdivision Loans
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Colorado Federal Savings Bank |
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In theory, subdividing a property is a magic charm for your wallet; chop up the land, develop the parcels, and sell or use them for residential (or up-zone for commercial) use, and watch the profits roll in. Subdivision loans can help you get a head start on that. The following are three of the biggest benefits to utilizing acquisition and development loans to finance a subdivision investment.
1. Cheaper upfront costs
Subdivided estates are generally more cost effective for buyers looking to invest in well-to-do suburban areas or located close to (or in) upswinging business and metropolitan centers. For homeowners, less land usually equates to less expensive upkeep and lower maintenance overall, while a reduced…
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How Washington State Initiatives Turned Out
Besides the high-profile races settled yesterday, local measures were up for a vote, including those affecting Seattle-area real estate.
Voters approved Proposition 1/Sound Transit 3 (ST3), Sound Transit's $54B ballot measure to expand light-rail service in the Puget Sound region, at the cost…
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Retailers Around The Globe Are Paying Top Dollar To Be On These Streets
Luxury retailers are still willing to pay top dollar for prime retail space in the world's most expensive markets. Global prime rents were up by 3.7% in Q2, according to a recent CBRE report.
New York remains the most expensive retail market in the world, with rents on Fifth Avenue between 56th and 58th streets as high as $4k/SF. Markets in Hong Kong, London and Paris follow New York with the most expensive retail rents in the world. Regionally, prime rents have grown by the most in Europe, the Middle East and Africa, up by 6.9% year-over-year compared to the Americas 3.9% increase.
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Chain Restaurants Suffer From Declining Traffic, Sales In Q3
The restaurant industry has been taking some hits as of late, particularly chain restaurants, which posted their fourth consecutive month of same-store sales declines. Industry experts point to growing competition from independent restaurants and the prepared food business for the drop in traffic.
“There are other parts of the industry growing faster than chains,” TDn2k (Transforming Data Into Knowledge) director of insights Victor Fernandez tells Bisnow.
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