Category: Real Estate
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Battery-operated homes may soon be a thing
[dropcap] B[/dropcap]attery-operated homes may soon be a thing, developers are getting ready to cut the cord on electricity, and a battery may take its place, according to the Wall Street Journal.(Credit: Getty Images) Homes are incorporating batteries that resemble modern versions of outdoor neighborhood junction boxes, but these can be put inside the house, according to…
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PulteGroup plans at least 137 homes at Babcock Ranch
[dropcap]A[/dropcap]tlanta-based home builder PulteGroup plans to build at least 137 houses at Babcock Ranch, a master-planned development near Fort Myers that will run mainly on solar power. Pulte and Miami-based Lennar Corp. will build the lowest-priced houses at Babcock Ranch, an 18,000-acre development in Lee County that will draw electricity from a 440-acre photovoltaic power…
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The Florida Lounge 2nd Edition
The Florida Lounge is going back to Rio de Janeiro from November 24th to December 30th of 2017.
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Domestic migrationhe: 10 metro areas highly-educated people flock to
[dropcap]D[/dropcap]omestic migration, Americans moving around within the country, is at the lowest level since 1948, when one in five people packed up and crossed state lines, according to City Lab.(Rouge/Wikimedia Commons) The most likely people to move are highly-educated — those who’ve obtained a bachelor’s degree or higher — and, according to data by the…
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China’s effort to fill empty houses has created a wild cycle of debt
[dropcap]A[/dropcap]n attempt by the Chinese government to fill empty apartments is pushing indebted cities farther into debt.(Credit: Getty Images) Over the past three years, more than 200 Chinese cities have been buying surplus apartments from developers and moving in families who live in neighboring villages or on condemned city blocks, a program it plans to…
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KKR places $1.1B bet on high-risk CMBS
[dropcap]K[/dropcap]KR is betting $1.1 billion on the riskiest commercial mortgage backed securities, trying to capitalize on new rules under the Dodd-Frank Act. The private equity firm closed on an investment fund to buy so-called CMBS B pieces. In December federal risk retention rules went into effect, requiring CMBS issuers to keep 5 percent of bonds…
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Real estate investor buys industrial building in the Weston Park of Commerce
[dropcap]R[/dropcap]eal estate investor Leo Ghitis just bought a vacant industrial warehouse at the Weston Park of Commerce for $8.1 million, according to the firm that brokered the deal. Ghitis bought the 90,620-square-foot warehouse at 1500 North Park Drive through UBS Realty Advisors, according to a release. The trade breaks down to about $90 per square…