Tax Reform Could Create A Tailwind
For NYC And Bay Area Real Estate
Major metro centers could experience an extension of economic growth once the effects of recent tax reform take hold. In strong knowledge-center markets such as New York, the San Francisco Bay Area, Seattle, Boston and Raleigh-Durham, additional investment could result in rent growth and spillovers into other real estate asset classes, according to a recent Cushman & Wakefield report.
“The overall economies and commercial real estate outlook of both high- and low-tax states and regions will benefit from tax reform,” Cushman & Wakefield Head of Capital Markets Research David Bitner said in a statement.
Most corporations will receive an…
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Oakland A's Want To Buy Coliseum Site Before Someone Else Does
With the search for a new ballpark for the Oakland A's going into extra innings, the team proposed Monday to buy the entire Oakland Coliseum site, including its stadium, Oracle Arena and parking lots. The A's said they would buy the…
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Communities Build Local Training Programs, Combat Construction Labor Shortage
When Cassandra Puletapuai was a young girl, her favorite TV show was "Home Improvement." She remembers Heidi, the show's “tool girl” character. Puletepauai always wanted to build things, and as an adult, she enrolled in a technical program at Kansas…
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Bay Area Power Women: 5 Questions With Moroso Construction Owner Justine Sears
This limited series profiles Bay Area Power Women, who have helped shaped Bay Area cities, neighborhoods, businesses and lifestyles. These women will be honored in San Francisco on May 30.
Moroso Construction owner Justine Sears has about 17 years of experience in construction and focuses on pre-construction, construction and post-construction services in both residential and commercial. She is part of the steering committee for SheBuild SF, a program of Rebuilding Together, that brings together women from local companies, tradeswomen and community partners to repair homes owned by women and facilities that support the needs of women.
Bisnow: How do you describe your job to people who are not in the industry?
Sears: Fortunately, most people know what a general contractor is. The biggest issue I run into is that when I say that I'm a builder…
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Brookfield Reaches Deal To Buy GGP, Form New REIT
Brookfield Property Partners is acquiring mall owner GGP for $9.25B in cash in a merger that will form one of the U.S.' largest publicly traded owners of retail properties.
Under the deal, announced Monday after the markets closed, GGP's shareholders can choose to get $23.50 in cash or one unit of Brookfield stock for each GGP common share.
Brookfield is creating a new REIT as part of the sale,…
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The Country's Heartland Is Just As Flood-Prone As Coastal Markets
While coastal cities are combating a triple whammy of rising sea levels, storm surges and flood risks, flooding is occurring in areas farther inland away from major bodies of water.
Though major storms last year were concentrated along the coast in Houston, Florida and California, the Midwest experienced six severe weather events in 2017, including flooding in Missouri.
“Even in areas that don't have major rivers, depending on the topography, the level of rainfall and severity of rainfall, you can get extreme flooding almost anywhere,” ULI Executive Director for the Center of Sustainability and Economic Performance Billy Grayson said.
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Beyond The Bio: 16 Questions With Veritas Investments Chief Financial Officer Nina Tran
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Nina Tran's 25-plus-year career in real estate and financial management started at PricewaterhouseCoopers. A bulk of her career was at AMB Property Corp., now known as Prologis, where she spent 18 years and served as chief global process officer and chief accounting officer. She later served three years as chief financial officer at Starwood Waypoint Residential Trust. She currently manages Veritas Investments' finance, accounting, human resources and business process improvement activities. She also serves on the board of directors at AIMCO.
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