Real Estate

Forget private islands — now you rent out an entire private mountain for yourself. As part of a special one-time listing, vacation-rental company Vrbo is offering outdoor adventure seekers the opportunity to book a brand-new five-bedroom ski chalet in Beaver, Utah — along with the entire ski resort and mountain that surrounds the property. The
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Today’s professional workplace is continuing to undeniably undergo a dramatic transformation. Since the onset of the pandemic, companies have been required to evolve countless practices and implement new policies for a positive impact on the industry and continued success. Companies across all industries have transitioned to full online operations, added innovative technology for streamlined processes,
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Large coastal markets will face the most challenging path forward, according to a new special report from Marcus & Millichap. In its latest data from Beyond the Global Health Crisis fourth quarter report, Marcus & Millichap notes that Northeast and West Coast with large population centers will face the most challenges regaining normalcy following the
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Today’s global travel sector, which many characterize as being “on the brink of collapse,” is simply unprecedented.  Seven months into a 100-year worldwide pandemic which caused a swift, wide, and deep economic recession has decimated key travel and leisure related industries including airlines, car rentals, cruise lines, ridesharing, and tour operators.  While stock markets have
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Though all successful, professional leaders share the similar qualities of ambition, financial prowess and people skills, there are the one-in-a-million professionals who lead by example as inspirational, innovative executives. These rare individuals are not only profoundly accomplished within their field, but they serve as a boon for their organizations and the people within it. They
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The pandemic has triggered a slew of changed for the commercial real estate industry, and lease structures are no exception. Gary Glick, a partner at Cox, Castle & Nicholson LLP, has spoken about new lease provisions that are on the table at retail lease negotiations. One push from tenants is to link rent to gross
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Having already significantly upgraded, it’s none too surprising that comedian turned Hollywood polymath Nick Kroll has hoisted his former home in L.A.’s Los Feliz area up for sale at close to $2.35 million, nearly $900,000 more than the $1.475 million the famously sophomoric standup comedian and busy voiceover artist (“The League,” “Sausage Party,”) paid for
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Like most Americans, Chris Pappas, associate director with Marcus & Millichap’s Net Lease Division, is keenly attuned to what is happening in the Presidential race.  If former Vice President Joe Biden wins, Pappas is prepared for the demise of the 1031 exchange program. In July, Biden proposed ending 1031 “like-kind” exchanges for investors with annual
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Well before the coronavirus disrupted Miami’s condo market, luxury developers were pushing a cutting-edge amenity: on-site concierge medical services for residents. Now, with so many people avoiding crowded doctors’ offices, those forward-thinking wellness amenities have become hits with buyers. The 126-unit, Piero Lissoni-designed Ritz-Carlton Residences on Miami Beach come with an exclusive one-year membership to
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Amazon’s Prime Day benefits brick-and-mortar retail as well, a new study shows. This year, Prime Day—October 13 and 14—drove offline visits, according to data from Placer.ai. The activity illustrates how general excitement around a retail event can benefit sales both online and offline. During the two-day event, Walmart, Target, Whole Foods and Best Buy all
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Rents for sky-high buildings have fallen to decade lows. Median Manhattan rents dropped to $2,990 in the third quarter — marking the first time that figure has dipped below $3,000 since 2011, according to a market report released Friday by real-estate listings portal StreetEasy. This downward trend is picking up steam from 2020’s second quarter,
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During the last six months, The Federal Reserve has acted aggressively to thwart the COVID economic crisis. It pushed interest rates to near zero and purchased massive amounts of securities. Add these moves to the $2.2 trillion CARES Act, and you have an enormous increase in money supply and the federal budget deficit. In a
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Right now, there are nearly 400 vaccines for Covid-19 in development. When some of those are approved for widespread use, they’ll need to be stored and distributed from temperature-controlled spaces. Companies are already lining up giant cold storage facilities, also known as freezer farms, to securely store millions of vials of a vaccine, according to
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In an effort to get iPhone 12 models to consumers during the pandemic, Apple is expanding its Express store concept, according to Reuters.  Express stores will have a wall built in front of its store with sales counters protected by plexiglass. The stores will have shelves of accessories, which could include phone cases and AirPods,
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“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower cost and lower density regions of the Southeast.”  As people move,
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