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Saturday, September 5th, 2020

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Posted by: | Posted on: September 5, 2020

U.S. real estate pain leaves foreign investors holding the bag

Foreign investors who backed real estate projects in return for U.S. visas are emerging as losers in the pandemic-driven commercial property crisis.

In Manhattan, Chinese investors who helped fund Related’s Hudson Yards have called for arbitration to pressure the developer into returning their money. On Long Island, a separate group assumed the lease to the Nassau Coliseum, after billionaire Mikhail Prokhorov’s Onexim Sports and Entertainment decided to walk away from the project.

The investors,

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Posted by: | Posted on: September 5, 2020

These 5 Outdoor Looks Are Trending This Week on Instagram—and Here’s Why

Get design inspiration to transform your backyard, front porch, or patio—just in time for Labor Day weekend.


As we cruise into the unofficial final weekend of summer, you’re probably looking to your backyard as a place to kick back and enjoy this Labor Day break without the crowds. But while you lounge, you may notice it’s due for a style refresh.

We’ve got just the thing. Like every other week of this crazy year, we’re back with some Insta-fresh decor therapy, this time with a focus on your favorite outdoor spaces.

So whether your long weekend consists of hosting a few friends for a socially distanced cookout or sipping iced tea on the front porch while catching up on your latest pandemic book club read,

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Posted by: | Posted on: September 5, 2020

Real Estate Industry Turns to ‘Digital Twins’ to Model Back-to-Work Contingencies

The COVID-19 pandemic is causing some property owners and managers of commercial office space to create digital twins of their buildings to model everything from the ability of workers to maintain a safe social distance to how the flow of air generated by HVAC units could carry the virus. 

That’s according to  JLL, which says that digital twins—virtual replicas of physical spaces that property managers can use to simulate things such as vacant indoor environments before people return to them en masse—are surging in use in real estate and other industries during the pandemic. The technology, originally developed for use by the aerospace industry in the 1960s, has gained new steam with the introduction of better Internet of Things (IoT) sensors and advanced computer modeling. JLL reports that research firm MarketsandMarkets has projected the digital twin industry will grow to $35.8 billion in 2025, compared to the $3.8 billion it

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Posted by: | Posted on: September 5, 2020

The Fed Has a New Approach to Inflation: What It Means for Your Mortgage Rate

The Federal Reserve is shaking things up — which is both good and bad news for consumers.

The Fed made some of the biggest changes to its policy in years following an extended review. The central bank has revised its approach to inflation and the labor market in a move that could usher in an extended period of low interest rates.

But the new approach won’t mean that consumers will save money across the board. “The Federal Reserve’s new strategy could divide the landscape for the various financial products important to consumers,” said Lynn Reaser, chief economist at the Fermanian Business & Economic Institute at Point Loma Nazarene University.

Here’s how the Fed’s new policy will affect Americans’ finances:

What did the Fed change?

The Fed is now officially less concerned about high inflation. Moving forward, central bankers will target inflation that averages 2% over time. This means that

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