Real Estate Tech News



THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

N THE LOW-SLUNG hills of El Salvador, building a house is not an easy task. The land is vulnerable to earthquakes, flooding, volcanic eruptions. The roads are rugged, electricity sparse. For the past several years, New Story—a housing charity based in San Francisco—has built over 150 homes there, ...
Developer gets green light for $100M Drivers Club Miami project

Developer gets green light for $100M Drivers Club Miami project

South American developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami. Miami-Dade County commissioners unanimously approved the developer’s proposal to turn county-owned land just west of Miami Gardens into a “country club for cars,” according to a press release.
WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork has signed agreements with CBRE, Cushman & Wakefield and JLL in North America, offering brokers at the firms greater compensation if they find and fill coworking space, Commercial Observer has learned. WeWork is unique in that as we become more sales driven with our real estate approach we can partner with ......
AMAZON AIMS TO ADD 2,000 MORE JOBS IN BOSTON

AMAZON AIMS TO ADD 2,000 MORE JOBS IN BOSTON

Amazon is set to hire at least 2,000 employees in Boston’s Seaport District over the next few years, according to the city’s mayor. Mayor Marty Walsh announced Tuesday night that Amazon would be bringing the jobs to downtown Boston. The Seattle-based online retailer is in negotiations to rent space in a building set to begin construction this summer.
Home prices accelerated in December, Case-Shiller shows

Home prices accelerated in December, Case-Shiller shows

The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the three-month period ending in December, and was up 6.4% compared to a year before. The 20-city index rose a seasonally adjusted 0.6% for the month, and 6.3% for the year.
Airbnb Plus Is for People Who Hate Airbnb

Airbnb Plus Is for People Who Hate Airbnb

With "Plus," the company will give its stamp of approval to inspected, higher-quality listings. It’s only been ten years since Airbnb entered our world, and damn, has it done some damage. The vacation rental company that became its own verb celebrates its birthday in a big way this week, in the place where it all started. Today, in San Francisco (at a historic Masonic temple-turned-concert venue), CEO Brian Chesky announced Airbnb’s next iteration: Plus.
Tight supply, rising prices weigh on US home sales

Tight supply, rising prices weigh on US home sales

U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market. The National Association of Realtors said on Wednesday that existing home sales dropped 3.2 percent to a seasonally adjusted annual rate of 5.38 million units last month. It was the second straight monthly decline and reflected decreases in all four regions.
Want to buy Richard Garriott's $45M estate on Lake Austin? Using bitcoin allows 'significant discount'

Want to buy Richard Garriott's $45M estate on Lake Austin? Using bitcoin allows 'significant discount'

Video game developer Richard Garriott is offering a discount to the buyer of his Texas ranch if they pay in bitcoin. Garriott listed his 69-acre Lake Austin Ranch last year for $45 million. The property is the most expensive home in the area and offers 1,300 feet of waterfront on Lake Austin as well as a haunted forest and a Shakespearean theater. Bitcoin is increasingly becoming accepted for luxury home purchases. Earlier this year a Miami estate transacted which was listed for $6.2 million transacted for 455 bitcoin.
Trump’s proposed 2019 budget gives HUD’s funding a boost

Trump’s proposed 2019 budget gives HUD’s funding a boost

President Donald Trump announced today his proposal for the fiscal year 2019 budget, which would allot for a slight bump in funding for the U.S. Department of Housing and Urban Development. The budget requests $41.24 billion for 2019, an increase of 1% from the $40.7 billion in 2017. Last year, the president cut the department’s budget by 13.2% or $6.2 billion.
Aspen’s St. Regis Will Become US’ First Public Single-Asset REIT

Aspen’s St. Regis Will Become US’ First Public Single-Asset REIT

Stephane De Baets’ Elevated Returns, a New York-based asset management outfit, may be riding an express chairlift into the history books. The firm, which acquired the St. Regis resort in Aspen, Colo., in 2010, won approval from the Securities and Exchange Commission late last month to spin off the property under the ownership of a newly formed real estate investment trust (REIT) called Aspen REIT.
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