Amazon HQ2 Promotes 50,000 High-Paying Jobs (And A Shock To Your Housing Market)
After a six-week-long coast-to-coast civic competition, bids for Amazon's $5B second headquarters were due Thursday.
The company's request for proposals pit city against city as major markets laid their economic toolkits on the table to see whose was best. In exchange for landing the promised 50,000 jobs (many paying over $100K a year) and bragging rights, cities are throwing anything and everything at the Seattle-based e-commerce behemoth. But those who have shared their city with Amazon for years say the results may not be worth the hefty bargaining chips.
“Economic growth is a wonderful thing,” Seattle retiree Maryelyn Scholz said. “But if it comes with traffic congestion, rising real estate prices, huge commute times and less family time, it's time to be looking elsewhere.”
North American cities may rightfully…
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Portland Eschews Incentives, Touts Workforce In Amazon HQ2 Bid
The public-private economic development organization Greater Portland Inc. and its partners submitted a proposal Thursday for Amazon HQ2. The Oregon cities of Beaverton, Milwaukie and Portland, and Clark County, Washington, all proposed sites as an ensemble. A regional distributed campus…
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R&H Construction Takes 52K SF In Slabtown For New HQ
Portland-based R&H Construction inked a long-term lease for 52K SF in two buildings at The Hopper, a 167K SF industrial campus on more than five acres in Portland. The space will be the company's HQ starting next year.
R&H Construction will…
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Millions Of Americans Are Still Sharing Apartments And You're Worried About A Bubble?
Though the number of apartments under construction has reached a cyclical high, fears of an approaching bubble may be premature.
Those wary of the impact on fundamentals of 480,000 units under construction this year can be assuaged by the fact that apartment demand in the U.S. is still exorbitant, National Association of Real Estate Investment Trusts Senior Economist Calvin Schnure said.
“Whatever level of supply there has been so far, it hasn't been enough to meet population pressures and is nowhere near beginning to address the past buildup of population pressures,” Schnure said.
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The Demise Of Physical Bank Branches Is Far Off
As digital banking continues to permeate the industry, traditional brick-and-mortar bank branches have experienced a shift.
Consolidations have increased over the last two years while branch openings have decreased. But according to analysts, this does not necessarily mean the demise of the physical bank, CoStar reports.
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