Warren Buffett wants Berkshire Hathaway HomeServices to do 10% of all residential real estate transactions in the U.S., currently it does 3%.
Major mall REITs are opening locally curated food halls at their spaces to lure and retain shoppers, while developers of new residential and commercial buildings count on food halls to help it fetch higher rent from tenants, who would not want to leave because of the amenity.
Eatertaiment isn't exactly a new concept, but millennials and the consumers' increasing desire for experiences and good food all in one convenient location are driving industry players like Punch Bowl Social and Dave & Buster's Entertainment to grow.
Major retailers are spending well over $2,000 per square foot to have a storefront in Times Square, which attracts up to 420,000 visitors (mainly tourists) a day. The hefty price tag is worth it given that retailers get exposure 24 hours seven days a week.
The housing market is ending 2017 with a bang. And in the new year, the market will likely cool down, especially on the high-end, mainly because of tax reform.
Urban Umbrella has created a much-needed update to the ugly sidewalk sheds and its stylish system will finally be installed in the U.S. at buildings in New York City and Boston, after debuting in Toronto five years ago.
The S&P CoreLogic Case-Shiller U.S. National Price Index recorded a 5.9% annual gain in July, up from 5.8% in June. The national average was 5.1% above the July 2006 peak.