Small Ontario town to offer second round of generous incentives to move there  [LINK]
A northern Ontario town that offered generous incentives to potential newcomers in a bid to revitalize the community says its efforts were successful enough to merit a second round. Officials in Smooth Rock Falls, Ont., recently launched a campaign to… The post Small Ontario town to offer second round of generous incentives to move there appeared first on Building Magazine.... [Read More]
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Want Miami Beach oceanfront property? Here’s how to make it happen  [LINK]
The key for developers looking for property along Miami Beach’s crowded beachfront is to look for older buildings that can be “recycled,” instead of land to construct new projects. “Any condo can be recycled in Florida,” said CraneSpotters.com’s Peter Zalewski to Mansion Global. The problem is recycling is a slow, costly process. Buying an older building means c... [Read More]
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Ready for a Roman holiday? Here’s where to buy a lasting souvenir  [LINK]
One of Rome’s booming housing markets is district called Pinciano, not often frequented by tourists despite its proximity to the city’s historic areas. With low property taxes and older buildings, the neighborhood is picturesque and a savvy buy, according to Mansion Global. “When things go on the market, they get sold within weeks, and when people buy here, they tend to stay,&rdq... [Read More]
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Which of these high-tech utopias would you live in?  [LINK]
Smart cities with high speed internet functioning at a city-wide level are popping up from the deserts of Saudi Arabia to suburban Phoenix and Melbourne. Along with these built-from-scratch cities, the market for the technology that holds them together is projected to be worth $34.4 billion per year by 2020, according to Curbed. Most cities are incorporating the technologies within pre-existing in... [Read More]
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Why one expert isn’t optimistic about China’s new smart city  [LINK]
Smart cities are all the rage; everyone wants one, but can they truly sustain one? One Chinese researcher says no. Xiongan was envisioned in April by Chinese President Xi Jinping as a smart city with high tech amenities and an economy that would run off green technologies instead of its historic industry. But an expert affiliated with the state planner recently stepped forward to cast doubt on the... [Read More]
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Will anyone save Sweden’s housing market?  [LINK]
Sweden’s housing market — the biggest in Scandinavia — may face correction due to its central bank, Riksbank, deciding to take a hands-off approach, but now price declines are beginning to effect the country’s currency. According to Bloomberg, there are signs that the ripple-effect of housing markets prices is making Riksbank rethink its approach: in a recent meeting, the b... [Read More]
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Worried your presale condo might be cancelled? Research the developer first  [LINK]
With a sigh and hesitant pause, Jason Paris confides that in retrospect he wishes he’d done more research before putting down a deposit on the now defunct Museum FLTS condominium project in Toronto’s trendy Lower Junction area. The 43-year-old television… The post Worried your presale condo might be cancelled? Research the developer first appeared first on Building Magazine. [Read More]
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Mattamy Homes purchases North Carolina’s Royal Oaks Building Group  [LINK]
Mattamy Homes, North America’s largest privately owned homebuilder, is pleased to announce that the company has signed an agreement in principle to purchase the Royal Oaks Building Group, the largest privately owned builder in the Raleigh-Durham, North Carolina, area and… The post Mattamy Homes purchases North Carolina’s Royal Oaks Building Group appeared first on Building Magaz... [Read More]
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Ontario Securities Commission to review TSX approval in HBC land deal  [LINK]
The Ontario Securities Commission held a hearing Wednesday at the request of a Hudson’s Bay Co. activist investor to review a Toronto Stock Exchange decision concerning shares involved in the sale of a New York City property. Land & Buildings… The post Ontario Securities Commission to review TSX approval in HBC land deal appeared first on Building Magazine. [Read More]
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The Retail Apocalypse And Mall Die-Off Goes From 'Big Short' To Contrarian Buy  [LINK]
Many took the retail and mall stock slump in a steadily growing economy as a sign of their impeding doom. The smart money is beginning to put billions behind a different trade: It's early innings in a much needed retail evolution and stock bargains abound. [Read More]
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The Best REITs For 25%+ Annual Dividend Growth  [LINK]
Let’s pay special attention to REITs that are actually benefiting from the big change in shopping habits. [Read More]
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Since 1978, 12 Counties Have Accounted for a Third of U.S. Flood Insurance Claims  [LINK]
The National Flood Insurance Program bails out (literally) underwater homeowners, providing primary flood insurance to properties with significant flood risk. The homeowners who have been buoyed most by flood insurance live in a small number of places with high-value homes. [Read More]
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The World's Best Helicopter Estates Including A New $18 Million Superhero Compound In Malibu  [LINK]
Rising dramatically from the hillside overlooking the Pacific Ocean is a top-secret private compound including helicopter pad and hi-tech security. This is the ultimate spec home ready for the perfect celebrity buyer. [Read More]
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Home Capital CEO confident its mortgage business will return to historical norms  [LINK]
Home Capital is recovering week by week from a disastrous third quarter, when a dire shortage of liquidity and a new vetting process restricted its ability to originate new mortgages, chief executive Yousry Bissada said Wednesday. He said Home Capital… The post Home Capital CEO confident its mortgage business will return to historical norms appeared first on Building Magazine.... [Read More]
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The New Tax Plan And The Death Of Homeownership  [LINK]
People don’t buy homes as part of a tax strategy. People buy homes to live in and to have a base of operations for family and career journeys. The tax implications are certainly part of the equation but not the primary motivator [Read More]
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Will Tax Bill Produce A Real Estate Debacle Or Is A Boom Ahead?  [LINK]
There have been some movements within the real estate market that are reminiscent of the environment leading up to the Great Financial Crisis of 2008. But, many of these signals may cause investors to miss potential opportunities in the property market. [Read More]
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The true cause of the demise of big-box retail (and it’s not Amazon)  [LINK]
Though all the trappings that historically indicate a boom in retail are accounted for — consumer confidence, low unemployment and a growing economy — stores continue to shutter. Explanations of behavioral economics dominate the discussion, however a Bloomberg investigation found a common cause underlying most of the relentlessly hemorrhaging sector (almost 7,000 stores closed so far t... [Read More]
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This Real Estate Developer Has A Passion For Sustainability  [LINK]
Veronica Mainetti, President of Sorgente Group of America, believes that redeveloping historical structures offers a critical way to build a more sustainable future, as reflected in her work on New York's Flatiron Building, the Santa Monica Clock Tower, and other iconic buildings. [Read More]
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Double tap: Here’s a look at the best shots shared on Instagram this week  [LINK]
A lot went down in the world of real estate this past week — and Instagram was there for us to document it all. Here’s a look at some of the best uploads from around New York, Miami and Los Angeles. 1. The sun sets and reflects on Midtown Manhattan in this twilight shot by architectural photographer Pavel Bendov. Midtown A post shared by Pavel Bendov (@archexplorer) on Nov 8, 2017 at 5... [Read More]
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The augmented reality RE apps are coming!  [LINK]
Apps where users can alter an apartment to show their furniture or design preferences as they walk through the space are coming — but they will take some time to get good enough to use seamlessly. “I think augmented reality will find a large audience when people can’t tell the difference between the real thing and the computer-generated image,” said Matthew Miller, founder ... [Read More]
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Airbnb’s “easy growth” may be ending  [LINK]
For the time being, at least, Morgan Stanley believes the future for hotels is looking brighter, while the newness of Airbnb wears thin and safety concerns loom large. A new Morgan Stanley survey showed Airbnb’s growth is slowing — a finding which resulted in the firm increasing its forecast for the hotel industry’s revenue per available room. Though the number of travelers booki... [Read More]
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Mixed-use is the new mall. Case in point: New Jersey’s new Riverton project  [LINK]
What was supposed to be a 2.2 million-square-foot mall with enough digital signage to compete with Times Square in Sayreville, New Jersey is now, pending approvals and securing financing, going to be mixed-use waterfront pedestrian zone called Riverton. The change of direction for the $2.5 billion project came from a new partner, North American Properties, which convinced the team to rethink its m... [Read More]
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REIT Investors Should Get To Know 'AFFO'  [LINK]
In my role as the Editor of the Forbes Real Estate Investor, I get many requests from REIT investors and one of the most frequently asked questions is “what is FFO and AFFO?” [Read More]
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Report sheds light on Toronto’s shortage of two-bedroom condos  [LINK]
A new paper by the Ryerson City Building Institute and Urbanation examines condos under development in the GTA to understand how well the incoming supply will accommodate the region’s housing affordability challenges and changing demographics. Bedrooms in the Sky: Is… The post Report sheds light on Toronto’s shortage of two-bedroom condos appeared first on Building Magazine.... [Read More]
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