Despite trade tensions between the U.S. and nearly all of its major trading partners, the cost of many materials used to build apartments has remained relatively stable in 2019. But the prices of many construction materials may rise again in 2020.
While the numbers are bullish and generally consistent with what NREI has found for other property types, the level of optimism in the hospitality sector is more muted. In NREI's first exclusive research on hospitality real estate, investors point to growth but also competition from third-party room and home sharing apps.
Although foreign investment has been robust over the last few years, investors should consider the potential review of a transaction by the Committee on Foreign Investment in the United States (CFIUS).
A few blocks makes all the difference when it comes to rent on Manhattan’s Fifth Avenue. “It’s two completely different stories,” said Patrick Smith, vice chairman at JLL’s retail brokerage.
Marriott International Inc. reported third-quarter profit that missed estimates, and the company lowered full-year projections in the face of slowing travel demand.
Two of the world’s biggest real estate owners accumulated millions of square feet in warehouse space, according to the Wall Street Journal. Technology is beginning to transform construction, reports Forbes. These are among today’s must reads from around the commercial real estate industry.
