• Beware of Expensive Real estate.

    To be successful in real estate, you must always and consistently put your clients' best interests first. When you do, your personal needs will be realized beyond your greatest expectations.
  • From Our Real estate to Yours

    Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground. That's the way you sell houses... that's also the way you win over constituency.

September, 2020

now browsing by month

Posted by: | Posted on: September 30, 2020

Global Capital Flows to US Multifamily Fall Nearly 50%

Global capital inflows into American apartments dropped precipitously in the first half of the year.

As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE. 

A nearly 80% decline in foreign investment in Q2 accounted for most of the drop off, which CBRE attributed to limits on “international travel, difficulty in conducting due diligence and declines in occupancy and rent levels.”

New York, which suffered tremendously from the COVID crisis this year, was the only market with year-over-year foreign investment growth, posting $10.6 billion in sales. Yet, its 641% increase was primarily attributable to two megadeals, according to CBRE. 

Behind The Big Apple, Sun Belt markets Tampa (-28%), Phoenix (-39%), Los Angeles (-55%) and Austin (-69%) were the strongest performers.

When global investors were buying, they had

Read More
Posted by: | Posted on: September 30, 2020

Carefully determine changing demand for real estate as average prices fall

The following editorial appeared in Wednesday’s Japan News-Yomiuri:

– – –

Land prices in Japan, which had been on an upward trend, have begun to fall due to the spread of the novel coronavirus. The government and related industries need to closely watch developments in real estate demand.

The national average of land prices for all categories of use as of July 1 this year dropped for the first time in three years, according to a report on benchmark land values released by the Land, Infrastructure, Transport and Tourism Ministry.

By category of use, the national average of land prices for commercial areas, which are susceptible to economic fluctuation, dropped for the first time in five years. Commercial land prices in regional areas, which rose for the first time in 28 years last year, dropped again. The national average of land prices for residential areas further increased the range of

Read More
Posted by: | Posted on: September 30, 2020

U.S. Home-Price Growth Picks Up Pace Amid Pandemic Buying Rush

Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.8% in the year ending in July. On a monthly basis, prices rose 0.8 percentage points from June to July, after staying flat during the previous month.

Meanwhile, sales of existing homes have surged, rising 10.5% on an annual basis in August, according to the National Association of Realtors. That included a 44% increase in the sales of homes costing more than $1 million.

Home sales during the pandemic have been boosted by more families deciding to buy single-family homes where they can more comfortably work from home and have their children do remote learning. Their purchases have been aided by historically low mortgage interest rates.

Read More
Posted by: | Posted on: September 29, 2020

How Retailers are Rethinking the Customer Experience

Traditional retail formats are evolving to meet modern consumer demands. So said a session last week at the CREW Network Convention, a Virtual Event. In a breakout session, panelists talked about how to embrace omnichannel marketing, pros and cons of smaller and more targeted store formats, testing brand collaborations, pop-up stores and more.  

According to Smita Butala, SVP of global real estate and associated general counsel at Ralph Lauren Corp., New York City’s The Polo Bar restaurant, did delivery for the first time during this time. “Many retailers have to rethink how to give the customer the same experience.”

Clinenteling became a really big thing, she said. “Figuring out how to sell but fulfill those sales through the in-store inventory and bringing that journey virtually is about creative thinking,” she said. “Bringing the experience to your front door and still give you that one on one connection.”

The consumer, she

Read More
Posted by: | Posted on: September 29, 2020

Get in the Spirit! The Best Halloween Decor You Can Buy Online Right Now

Halloween is going to look quite a bit different this year. The coronavirus pandemic has put the kibosh on costume parades and door-to-door candy hunts in many communities across the nation.

In fact, according to the latest research from Morning Consult, 47% of families will be canceling their usual holiday parties altogether this season, and that includes Halloween celebrations.

While your annual Halloween bash might be postponed to 2021, you can still bring the spooky vibes in a number of other ways. We fully endorse stocking up on all your favorite fun-size candy and planning a scary movie marathon. But there’s no better way to bring the spirit of All Hallows Eve to your home than by decorating.

To help you in this frightening endeavor, we’ve gathered a whole host of festive and stylish (and weird) items. No tacky decorations here! Just seasonal accessories that’ll stand the test of time

Read More
Posted by: | Posted on: September 28, 2020

Landlords Focus on Improving Indoor Air Quality

There is nothing like an airborne virus to put a focus on indoor air quality. 

Since COVID-19, landlords and property managers are looking at everything from HVAC systems to particle monitoring technology as they try to improve indoor air quality to attract and retain tenants, according to JLL. 

For sustainability advocates, this push is nothing new. They have been arguing for these changes long before COVID.

“Whether your building is giving you better air or not matters to your health,” Dr. Aaron Bernstein, USGBC board chair and also the co-director of Harvard’s Center for Climate, Health and the Global Environment (Harvard C-CHANGE) told GlobeSt.com earlier this year. “Ventilation is critical, and indoor air quality is critical. Many of the volatile organic compounds that come out of building materials are bad.” 

In many buildings, the air moves from one room to another, which can increase the risk of transferring airborne

Read More