Month: May 2018

Facebook exec tells investors it's working to address the 'existential issue' of the Bay Area housing crisis

A Facebook executive on Thursday called the Bay Area’s housing affordability crisis an “existential issue” that’s forcing the company to grapple with its future in the region, even as it plans new campuses for tens of thousands of additional employees in San Francisco and Silicon Valley. “Our position is that Silicon Valley has been this …

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Steve Case’s Virginia estate sells for $43M — a new record for DC region

Steve and Jean Case’s McLean, Virginia, estate has sold for a record-setting $43 million, about a year after the property hit the market for $49.5 million — which, at the time, was the highest list price the region had evern seen. Now, it grabs the title as the most expensive Greater Washington property to sell, …

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Miami-Dade’s taxable property values rise in 2017 at a slower pace to $289B

Four Seasons Residences at The Surf Club in Surfside Miami-Dade County’s taxable property values rose 6 percent to $288.86 billion in 2017, despite the condo market slowdown. The county’s property appraiser, Pedro J. Garcia, released the June 1 estimates, showing that property values are growing at a slower pace than in previous years. Garcia said …

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Economist says Silicon Valley's economy is great despite Trump, traffic and housing

Christopher Thornberg says Silicon Valley’s tech industry is driving out other industries and lower paid workers but it will survive. Source: http://feeds.bizjournals.com/industry_21

How this East Bay housing developer is protecting construction sites against arson

Housing developers have been on edge since a spate of fires have ravaged under-construction-apartment buildings in the East Bay. Here’s how one developer is pushing back. Source: http://feeds.bizjournals.com/industry_21

These are the top commercial sale brokerages across the country

The MetLife campus in Bridgewater, New Jersey, was part of the biggest portfolio sale of the last 12 months. Sales of retail properties may be down compared to last year, but executives at the country’s top brokerages remained characteristically upbeat, confident that opportunities are out there for the right types of properties — and for …

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Trump’s latest steel tariffs to hit Mexico, Canada and EU

Donald Trump and a steel factory (Credit: Wikimedia Commons, Pexels) President Donald Trump isn’t softening his stance on tariffs for steel and aluminum imports. The Trump administration announced it would no longer exempt Mexico, Canada, and the European Union from tariffs on the imported metals, despite strong protests from the leaders of its closest trading …

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The 7 big ways Prop. 13 has reshaped California

Born as a taxpayer revolt, Prop. 13 continues to ripple through our economy and society. Source: http://feeds.bizjournals.com/industry_21

Blackstone, Solus settle Hovnanian credit default swap dispute

From left to right: Jon Gray, Ara Hovnanian, Chris Pucillo (Credit: Pixabay, University of Miami, Getty Images, and Salt Conference) A showdown between a lender and a gambler over a New Jersey and South Florida home-construction empire has ended. Solus Alternative Asset Management withdrew its lawsuit against Blackstone Group subsidiary GSO Capital Partners on Wednesday, …

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This Portland company is making multifamily buildings smarter

The firm is making smart home technology a reality in multifamiily buildings. Source: http://feeds.bizjournals.com/industry_21

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