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Saturday, May 16th, 2020

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Posted by: | Posted on: May 16, 2020

After COVID Dip, Potential Tenants Re-Start Office Space Searches

In the worst of the COVID-19 pandemic in March, there was a noticeable dip in the number of potential tenants searching for commercial real estate, but this may have started turning around in April and May.

A new online survey and data analysis suggests that would-be tenants are resuming their hunt for office space, although some prefer remote viewings instead of going in-person.

An online survey and internet search trend analysis by CommercialCafe found that a large percentage of potential tenants were ready to commit to signing a lease when they found the right space.

“Their responses suggest a sense of optimism, and a hope that–despite the slowdown–things will revert to business as usual,” wrote Commercial Cafe reporter Diana Sabau.

In April, more people were searching the commercial real estate listings on CommercialCafe. For example, there was a low point in the week of March 15 because listing searches were

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Posted by: | Posted on: May 16, 2020

LIHTC Properties Have a History of Riding Out a Recession

The COVID-10 crisis is leading to economic uncertainty and it is predicted will result in an economic recession. Yet, according to studies, the low-income housing sector won’t be greatly affected and will recover quicker than other real estate categories.

Skeptical? Let’s take a look at the historical data.

According to a recent report by Novogradac, a national accounting and consulting firm, occupancy rates and rental income at low-income housing tax credit properties recover quickly after economic downturns. Their survey, containing more than 1000,000 individual properties indicates that the national occupancy rates for two-bedroom LIHTC properties for residents at or below 60 percent of the area median income never dropped below 95 percent from 2009-2019 (the period studied). And starting in 2009 there was a gradual increase through 2019.

Additionally, rent receipts for LHITC two-bedroom apartments were not dramatically affected by the great recession either. In fact, in early 2008 the

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Posted by: | Posted on: May 16, 2020

Safehold to Join MSCI REIT Index, Which Now Recognizes Ground Leases As Eligible Property

Safehold,  a REIT that specializes in ground leases, will join the MSCI US REIT Index.

The New York-based REIT is the first company to join the index’s new category, which now recognizes ground leases as an eligible property type. Safeguard is the first and only company in the category.

The RMZ is a free float-adjusted market capitalization weighted index. It includes securities classified under the Equity REITs Industry according to the Global Industry Classification Standard, which have core real estate exposure, and carry REIT tax status.

“We’re pleased to see growing adoption of modernized ground leases, not only among customers and investors, but also from the index community, as we continue to educate the marketplace about our unique business,” said Jay Sugarman, Safehold’s chairman and CEO. “Our inclusion in one of the most widely followed REIT indices will increase our visibility and allow us to reach a broader pool

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Posted by: | Posted on: May 16, 2020

Think Pink! Kameron Westcott of ‘Real Housewives’ Selling Dallas Mansion for $5.1M

“Real Housewives of Dallas” star Kameron Westcott has listed her custom home for $5,125,000. It’s filled with plenty of pink, her signature color.


“Real Housewives of Dallas” star Kameron Westcott has listed her custom Dallas home for $5,125,000.

The reality TV celebrity and her husband, Court Westcott, built the home in 2008, and have lived there since then.

“This is truly a unique property, because of the thought and attention to detail that went into designing it,” says the listing agent, Kelli Macatee of Compass.

“Kameron wanted to feel at home in North Texas, so she was inspired by her Santa Barbara upbringing, with the fresh, airy,

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Posted by: | Posted on: May 16, 2020

5 Decor Ideas From Instagram To Give Your Bedroom a Beautiful Bohemian Makeover

These five favorites from Instagram will help you freshen up your bedroom and restore your space to its days of pre-quarantine glory.


If you’ve somehow managed to get this far into the quarantine without turning your bedroom into an “everything room” (dining room, playroom, home office, etc.), we congratulate you. But for the rest of us, let’s just say our bedroom has seen better days.

Which is why we chose to focus this week’s trending decor on bringing some of that pizzazz back into your boudoir, with a little help from some of the hottest looks on Instagram. Here are five favorites from the ‘gram that will help you restore your bedroom to its days of

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Posted by: | Posted on: May 16, 2020

Private Island Paradise Listed for $13M Sits Just 30 Minutes From Manhattan

Isolation is all the rage nowadays. Life on a private island just might be the antidote.

For $13 million, you could buy not one but two islands just off New Rochelle, NY, in Long Island Sound.

One of the islands comes complete with a house with a fascinating backstory. Measuring in at 2 acres, Columbia Island is the smaller of the two islands, and its neighbor, Pea Island, is about 5 acres.

The two-story brick home sits on Columbia Island and has four bedrooms, two bathrooms, a sleek kitchen, and a huge amount of living space. It is 5,625 square feet, with views of the New York City skyline from the roof.

“There are giant windows in the living room, kitchen, and dining areas,” says the listing agent, Patti Anderson. “Every bedroom has a door to

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