Flight to Quality
At a dinner party the other night with a Manhattan real estate agent and a couple from New Jersey the conversation shifted suddenly from spouses dying of aneurysms to the local residential property markets. In the city, top-end brokers find themselves in a back-to-the-future circa 2006 frenzy—it's a seller's market and bidding wars ramp up prices with all or mostly cash buyers having a major edge. Developers of skyscraper condos nearing completion have timed the market extremely well, attracting nervous offshore money looking for a safe haven.
SANTA ANA, CA—MyPark allows users to reserve parking spaces up to six months in advance of using them and uses barrier technology to keep the space, while partnering with other parking apps, Luis Mayendia tells GlobeSt.com.
LOS ANGELES—“We realized that the retailer so often has to do more with less,” says CBRE’s Todd Caruso about the Retailing University course that the University of Arizona designed for the firm.
SAN DIEGO—In an office environment where new spec buildings seem to be popping up regularly, there’s still plenty that landlords of existing space can do to entice tenants to choose them instead, Bingham Construction’s Jeff Bingham tells GlobeSt.com.
RICHARDSON, TX—"Price optimization creates real opportunity to increase asset values and yields from the nearly $3 trillion of apartment stock in the US," says RealPage chairman and CEO Steve Winn.