Covid pushes real estate into the future
The coronavirus could be the crisis that finally propels the tech-averse real estate industry into the 21st century.
Location matters less, now that the office is the kitchen. Size matters more, now that everyone is at home. And the best way to justify exorbitant prices is no longer the building’s amenity package — it’s peace of mind walking from the lobby to the living room.
The New York Times • November 13, 2020
How a vaccine could upend real estate markets -- again
In just a matter of months the coronavirus pandemic dramatically changed the landscape of the housing market, especially in big cities. But now news of a promising vaccine could turn the market on its head again.
CNN • November 18, 2020
Housing shortage keeps capital flooding into multifamily
While the pandemic has destabilized multifamily, investors continue to be bullish on the long-term fundamentals of the asset class. CGI Strategies is among the confident. The firm plans to acquire $500 million in apartment product in the next 12 months, and it has a longer-term goal of increasing its assets under management to $1 billion to $5 billion in the next five years. The housing shortage is among the reasons to have a positive outlook, but it isn’t the only reason.
GlobeSt • November 16, 2020
If Joe Biden wants to fix the housing crisis, he should start in New York's suburbs
President-elect Joe Biden has a plan for fixing the housing crisis, squarely targeting the shortages, costs, and discrimination that have made it difficult for many people to find a place to live. If he’s looking for a good place to begin this work once in office, he should look no further than the suburbs of the country’s most populous city. According to a new report, overly restrictive land use regulations in New York City’s suburbs have made housing there more expensive, limited, and segregated than almost anywhere else in the country.
Fast Company • November 12, 2020
Amazon to donate $9 million to charitable groups in Washington region
Amazon plans to donate $9 million to community organizations in the Washington region working to help residents avoid eviction after losing their jobs during the coronavirus pandemic, groups helping military families and veterans, and those working to improve racial equity, the company announced Monday.
The Seattle-based retail giant has worked to create deeper ties in the region after early criticism of its plans for a second headquarters in Arlington County, including worries that the 25,000 jobs expected to be created at the National Landing site would drive up housing prices and rents in the region.
The Washington Post • November 16, 2020