Commercial Real Estate News Weekly Round Up Vol. 6

National Apartment Investor Battling Airbnb…Again

Aimco asserts that “Our residents do not want to live in a de-facto hotel for spring-break partiers, vacationers and other unvetted strangers who disturb the peace at all hours, who have caused significant property damage, and who pose a safety risk to our residents,” said Keith Kimmel, Aimco executive vice president of operations, in a statement.

 

Don’t Believe The Hype, Amazon Already Know Their HQ2 Location

Amazon’s founder and CEO, Jeff Bezos, who bought the Washington Post in 2013, is now building a second home in D.C. Montgomery County and Northern Virginia are connected to D.C. by the Metro system, and are closer to the District than Westchester is to Manhattan. Now, Amazon certainly knew all this when they sent out the requests. I mean, what a great public relations ploy! Not only do they get the three jurisdictions’ best suggestions, but they tricked them into thinking they were going to have to compete with most of North America.

 

Goldman Sachs Invest In Fintech Startup Cadre

Goldman’s strategic investments group, which makes venture-capital-like investments, now owns 80 portfolio companies.  One such company is Cadre, a fintech company involved in online commercial real estate investing that Goldman funded in its Series B, C, and D funding rounds. The start-up, which happens to be led by some Goldman alumni, also just received a $250 million investment from Goldman’s private wealth clients. Here’s what the partnership is all about and what it could mean for other big Wall Street asset managers.

 

More Real Estate Investors Opting To Buy And Sell With Bitcoin

Buy Sell Real Estate With Bitcoin| ureaholdings.com

Slowly but surely, sellers are broadening their buyer pools by accepting bitcoin transactions when trading property, and landlords across the country are increasingly accepting bitcoin for rent payments.

“Cryptocurrency is becoming the biggest move in terms of modifying the way people make transactions, most notably in real estate. So if you pit residential against commercial — it really depends,” Tariq AlWahedi, founder of new travel platform Cryptobnb said. “Right now we are seeing the craze hit both industries, equally.”

 

 

Top Cities With The Most Millennial Population Growth

Millennial Population Growth|ureaholdings.com

 

A new report by the Brookings Institution’s Metropolitan Policy Program, The Millennial Generation: A Demographic Bridge to America’s Diverse Future, examines how this generation, poised to become ever more consequential on economic, cultural, and governmental levels, is changing—and where it’s settling across the country.
This sizable demographic—which the report defines as being born between 1981 and 1997—now make up a quarter of the country’s population, 30 percent of the voting age population, and nearly two-fifths of the working-age population, giving credence to those mayors, developers, and business leaders trying to be more millennial-friendly.

 

 

Luxury Development Slated To Open In 2018

Auberge Beach Residences & Spa|Ureaholdings.com

Auberge Beach Residences & Spa Fort Lauderdale just hit a construction milestone. The two-tower luxury development’s 23-story South Tower just reached full height, which is happening a few months after the 17-story North Tower topped off.
The North Tower, which is 97 percent sold, is expected to be completed this spring and the South Tower, which is 70 percent sold, is anticipated to be completed this summer.

 

 

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