With the hot rental market, rental prices are continuing to rise, the issue of rental affordability has become a major topic of conversation. With many of the newer apartment developments focusing on luxury and resort style living, are some people being priced out of the rental market? Now, even a moderate income earner is having problems affording rental living.
Is there an alternative to the continuous upward spiral of rents and can owners and developers provide affordable housing to the vast majority of the population? What are the benefits to the development of affordable housing and can it be provided with a good standard of living?
You may be surprised to hear that a national economist may not be the one with their ear on the track waiting for the economic train coming. The economist goes to the people in the trenches, who are dealing with the effects of economic conditions on a day-to-day basis. Those people include............. Read more
I've heard a lot lately about the EB-5 program and how developers intend to use the immigration program to raise funds for their real estate projects, but I have yet to talk to someone who has actually, successfully used the program to raise funds for billion dollar project. Loren Cohen, Manager, Legal Affairs for MC Construction, spends some time with me discussing how MC raised a significant portion of the capital for their 1.2 billion dollar Point Rustin development using the EB-5 visa program. Read more
For the last year or so, Faith Hope Consolo, Chair of the Retail Division of Douglas Elliman Real Estate has been promoting her increased involvement in the culture and real estate of Harlem. I finally get the opportunity to discuss her move to Harlem during an interview at the CREW Network Annual Convention in Bellevue, Washington.
Faith long known in real estate circles as the Queen of Retail is best known for her representation of high end, luxury retail tenants. She and I discuss how she Read more
This is the second in a series of videos produced from my interview with Dr. Chandan.
In this video, Dr. Chandan gives a scholarly perspective on who the winners and losers will be, not if, but when the Federal Reserve increases interest rates.
After a summer of decreased unemployment and high expectations that the Federal Reserve would begin to raise interest rates in September, the Feds balked at an increase, surprising most people. Was it the volatile stock market in August, a sputtering economy in Canada or the sputtering of the Chinese economy?
Well known economist, columnist and radio show host, Dr. Sam Chandan, Dr. Sam Chandan, Professor in the Associated Faculty of Real Estate The Wharton School & Host of the Real Estate Hour SiriusXM Business Radio, explains, in detail, how the Fed's action, or inaction, as the case may be, effects commercial real estate.
Dr. Marci Rossell, former chief economist for CNBC and featured speaker at the CREW Network National Convention in 2015 previews her presentation at the convention. Marci discusses how the turmoil in China may affect the capital markets and commercial real estate, here in the United States. Read more
You can see the shock on my face when Bill gave me this and other examples of how investors are repurposing real property after the recession. Can you imagine, buying an old mothballed hotel for $2,000,000, refurbishing it and selling it six months later for $90,000,000? That's right, you read this correctly. Read more