How Stadium Development Is Killing
Loyalty In American Sports
Pandemonium will ensue inside NRG Stadium on Sunday. As the opening kickoff between the New England Patriots and the Atlanta Falcons sails through the air, 75,000 fans will be blinded by flashbulbs and deafened by their collective roar.
But 1,500 miles away in San Diego, Qualcomm Stadium will be as silent as a graveyard, not just because the Chargers didn't make it to the Super Bowl, but because the team will never play in the city again. The abandoned stadium stands as a solemn symbol of an NFL franchise system that exploits American cities and tosses away fans.
"The institutions create a system that is designed to minimize competition. That benefits the owners and the established league, but it harms fans and people who own lesser teams or want to own teams,” said Roger Noll, a senior fellow…
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Analysts: South Florida Apartment Rents Will Continue Upward Momentum
Multifamily rent growth in Miami slowed down its rocket-like growth pace last year. But don't worry, say analysts, the sky's not falling.
According to a RentCafé report, average apartment rents in Miami rose nearly 6% year-over-year in December to $1,562/month…
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5 NFL Franchise Owners With Impressive Real Estate
With Super Bowl weekend fast approaching, Bisnow zoomed in on some of the real estate holdings of NFL team owners — many of whom have a background in commercial real estate.
Check out the impressive portfolios of the owners of the Super Bowl LI teams — Atlanta Falcons owner Arthur Blank and New England Patriots owner Robert Kraft — and several others.
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Commercial Real Estate Pricing Remained Flat In January, With Office, Retail And Industrial Price Growth Contracting
Commercial real estate pricing remained flat in January, with office, retail and industrial markets experiencing a contraction in growth.
That's according to online real estate transaction marketplace Ten-X's CRE Nowcast, which uses proprietary technology, Google trends data and investor surveys to determine what's happening with CRE pricing in real time. Though commercial pricing growth was somewhat anemic last month, year-to-year gains remain 8.1% higher than this time last year. Ten-X senior quantitative strategist Chris Muoio said the one-month stall should not cause investors concern.
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