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Three-Year Condo Conversion Scheduled for NYC Waldorf Astoria

New York City’s iconic landmark hotel, the Waldorf Astoria, has announced that it will close for up to three years starting Spring 2017 to convert the majority of the hotel’s 1413 rooms into luxury condos, according to Bisnow. The extensive move will significantly decrease the hotel room count down to between 300 and 500, thus also eliminating hundreds ...

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Amazon Continues to Grow its Brick and Mortar Presence

In a somewhat ironic twist, e-commerce powerhouse, Amazon, has announced plans to continue expanding the company’s brick and mortar retail experience. According to Fortune, Amazon recently announced plans to open a third location of the company’s Amazon Books in Portland, OR. The company has already opened one bookstore in Seattle where Amazon’s HQ is located. The second location ...

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Colorado Population Growth Far Outpacing Available Housing

Colorado continues to be a popular destination for people relocating from other parts of the country. A strong economy, a vibrant city atmosphere, unmatched natural beauty, and a growing tech industry are just a few of the reasons why Colorado is one of the fastest growing states in the nation. With the large swell of new residents comes the need ...

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Denver Has Third Hottest Apartment Market in Nation

According to a recent report from Zillow, Denver is the third hottest market in the country for apartment rentals. It seems new apartments in the Mile High city are getting snapped up by renters as quickly as they can be built. Only Columbus and Seattle have stronger rental markets. To compile the list, Zillow considered three points of criteria, ...

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World’s Largest Co-Living Building Opens in London

London is home to many big things – Big Ben, the London Eye, the Tower Bridge, and now the largest co-living building in the world. West London’s Old Oak is a brand new 11-story, 550-unit, co-living property that features furnished en-suite bedrooms and shared kitchens, along with 10,000 square-feet of communal gathering spaces, a gym, spa, rooftop terrace, library, ...

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Google to Build City of the Future?

Those who work in the tech and city planning industries are likely aware of Sidewalk Labs – the latest venture from Alphabet, the parent company of Google. Sidewalk Labs is in the process of opening bidding to counties and states for the construction of a “digital district.” This futuristic mini-city is designed to experiment and demonstrate state-of-the-art projects, such ...

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Sustainability’s Top Five Trends

Green building practices and sustainability are the hot trend in real estate development. While there are many benefits to green development, there too are a number of trends that can guide developers when creating new projects. According to Brenden McEneaney, director of USGBC Northern California, there are five top trends to keep in mind. LEEDv4. The LEED rating system ...

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CoWorking Spaces – the New Office Trend

The popularity of coworking spaces is growing at a rapid pace, and for good reason. Coworking spaces are membership-based workspaces where start-ups, freelancers, remote workers and independent professionals work together in a shared, communal setting. These spaces can manifest success in a number of ways by including a variety of workers in different jobs and varying industries together in one ...

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Housing Starts Better Than Expected in February

Construction of new homes in the U.S. in February rose more than economists had forecasted, according to Bloomberg. The increase represents the strongest single-family building in more than eight years, and affirms continued consumer confidence in demand for residential real estate. According to the article, housing starts in February grew 5.2 percent to a 1.18 million annualized rate from a 1.12 ...

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The Underserved Market Developers Can Capitalize On

Developers of multifamily housing love to create Class-A properties with the latest and greatest bells and whistles. And renters, who can afford rental rates of Class-A properties, love the architecture, technology, and amenities, too. However, there is a significant untapped market around the country that is widely underserved. According to David Schwartz, CEO and chairman of Waterton, a Chicago-based multi-family ...

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America’s First Mall Gets Facelift With Micro-Lofts

As the first indoor shopping mall in the United States, the Arcade was built in 1828 in the now-historic heart of downtown Providence, RI. The classic structure is adorned with Greek Revival columns, granite walls, and classic facades, and looks nearly the same today as it did 185 years ago. As a staple of the city’s financial district, the Arcade ...

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Denver Projected to Have Highest Increase of Multifamily Rents in Nation in 2016

According to estimates by Yardi Matrix, multifamily rental rates will continue to rise in 2016. The top five ‘hot markets’ of 2015 are expected to lead a 4.6% increase in apartment rental rates in 2016, which is actually down from 2015’s 6.5%, but still ahead of the eight-year 2.8% average. Denver, once again, is the top market in the country with ...

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Sustainable Development on the Rise in Colorado

Sustainable development is on the rise across the country, and according to the U.S. Green Building Council, Colorado ranks 5th in the nation for LEED green building in 2015. LEED-certified spaces require less energy and water resources, reduce carbon emissions, and save money for families, businesses and taxpayers. In 2015, Colorado certified 95 projects; 10 of which were platinum certified, representing ...

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Seven Urban Development Trends to Watch in 2016

As the urban development trend continues to grow, a new way of city living is being created in the nation’s metropolitan areas. Urban development is being driven by demographic changes to a younger set, thus creating the need for mixed-use and mixed-income models of urban design. The result of this growth, with proper development, includes higher density in downtown areas, ...

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Mixed-Use on the Rise in Urban Environments

Mixed-use developments – those properties that encompass a mix of uses in one location – continue to grow in popularity, in large part because of the ability to live, work and play in a concentrated area. Unlike the suburban sprawl that took place between WWII through the 1990s, where land parcels were dedicated to single uses such as residential neighborhoods, ...

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