Commercial Real Estate Estate Weekly Roundup Vol. 9

Big Tech Is Getting Into The Housing Market

Big Tech Is Getting Into The Housing Market|

Residents across the country are grappling with a lack of housing stock and spikes in costs of living spurred by high-paying tech giants like Amazon and Facebook dominating their markets.  To help assuage concerns regarding a lack of affordable and workforce housing, major tech players like Facebook, Google and LinkedIn are venturing into real estate to provide their talent with an affordable place to live.



US Land Developers Flock To Dubai

US Land Developers Flock To Dubai|

The Dubai Land Department (DLD), the emirate’s property legislator, entered into a strategic cooperation and partnership agreement with Aqari Global Ltd ‘Century 21 United Arab Emirates to promote Dubai real estate in the United States.

“We pay close attention to the US market, especially as US investors are among the top foreign nationalities to invest in Dubai’s real estate market each year,” said Sultan Butti bin Mejren, director general of the DLD. “The US is full of investors looking for exceptional investment destinations around the world, and Dubai is certainly capable of answering this demand with the city’s diverse investment opportunities.”



Florida Reality Company Closes Another Real Estate Sale Using Bitcoin

Florida Reality Company Closes Another Real Estate Sale Using Bitcoin|

The Keyes Company’s Elizabeth Perez Team completed the sale of a Miami townhouse on Wednesday. This is believed to be the third such transaction to close in Florida as both real estate buyers and sellers are starting to embrace cryptocurrency, the company said.

Manuel Perez of the Coral Gables, Fla.-based Elizabeth Perez Team listed the 1,321-square-foot townhouse on behalf of the seller and closed the sale for 41.35 Bitcoin, or $338,878, at the time of sale. The transaction’s seller and buyer were not disclosed.



Databank and Georgia Tech Partner For a New Data Center In Atlanta

Databank and Georgia Tech Partner For a New Data Center In Atlanta|

DataBank, a provider of data center, cloud and interconnection services, announced it will develop a 94K SF data center in downtown Atlanta. Georgia Tech will be an anchor tenant, and university students will have the opportunity to work with advanced equipment and computing systems. The data center will enable students to gain research experience and work alongside business professionals.





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