The 10 top emerging trends that will shape real estate in 2019

The 10 top emerging trends that will shape real estate in 2019

The Urban Land Institute’s annual look at the year ahead focuses on technology and transformation at an uncertain moment

By Patrick Sisson  Updated Dec 26, 2018, 11:23am EST

It’s complicated. In the course of compiling its annual Emerging Trends report, the Urban Land Institute found that the only certainty in its outlook for 2019 was uncertainty. Expert analysis points to a more complex, multi-layered series of overlapping trends, with unpredictable results, as opposed to a few strong narratives.

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THE DOLLAR STORE BACKLASH HAS BEGUN

THE DOLLAR STORE BACKLASH HAS BEGUN

Tanvi Misra December 20, 2018 This post originally appeared on CityLab

The U.S. has added 10,000 of these budget retail outlets since 2001. But some towns and cities are trying to push back.

It has become an increasingly common story: A dollar store opens up in an economically depressed area with scarce healthy and affordable food options, sometimes with the help of local tax incentives. It advertises hard-to-beat low prices but it offers little in terms of fresh produce and nutritious items—further trapping residents in a cycle of poverty and ill-health.

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HOW THE 2017 TAX LAW WILL AFFECT REAL ESTATE INVESTORS

HOW THE 2017 TAX LAW WILL AFFECT REAL ESTATE INVESTORS

 

One thing, for sure, about the new tax bill is that real estate investors are big winners.

This article is not meant to be a comprehensive analysis of the new law. I have just excerpted some parts of the bill that I thought would be relevant to real estate investors.

Almost all of these changes begin on January 1, 2018, and revert in 2025.

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HOW IMPORTANT IS CULTURE? AN INSIDE LOOK AT KELLER WILLIAMS REALTY

HOW IMPORTANT IS CULTURE? AN INSIDE LOOK AT KELLER WILLIAMS REALTY

My posts on this blog are usually real estate news or important real estate transactions. I have never discussed the company I am affiliated with in these pages. But today I am going to.
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LA CITY COUNCIL APPROVES SPORTSMEN’S LODGE DEVELOPMENT

LA CITY COUNCIL APPROVES SPORTSMEN’S LODGE DEVELOPMENT

The Los Angeles City Council on Wednesday unanimously approved a developer’s plan to demolish Studio City’s landmark Sportsmen’s Lodge event center and replace it with a nearly 100,000-square-foot outdoor mall.

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The proposed $60 million Sportsmen’s Landing retail center by Weintraub Real Estate Group of Malibu will feature five restaurants, 20 shops and a 40,000-square-foot Equinox fitness center.

The project will be not break ground immediately, however.

A lawsuit challenging previous planning commission approval of the project has been filed in Los Angeles Superior Court by the owners of the adjacent, 39,000-square-foot Sportsmen’s Lodge Hotel. In May, Ventura Blvd Associates LLC, a North Hollywood holding company representing the New York family that has owned the hotel since 1961, sued Weintraub and the city to stop the development.

Land use attorney Alicia B. Bartley, who represents Weintraub, said she expects the lawsuit to get a court date sometime in the first half of next year. L.A. Superior Court Judge John Torribio is hearing the case.

Earlier this year the project drew opposition from neighbors, who said they had not been adequately notified about the development and complained that it would worsen traffic and parking congestion in the neighborhood.

BIG DATA A BIG DEAL IN COMMERCIAL REAL ESTATE

BIG DATA A BIG DEAL IN COMMERCIAL REAL ESTATE

One of the most lucrative businesses in the world is still done based on manual data gathering. That’s about to change, says Ely Razin

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An Israeli start-up is hoping to bring order to one of the most lucrative businesses in the world and one of the most disorganized — the commercial real estate market.

And what’s more, said Ely Razin, CEO of CrediFi, which provides the first source of hard data about the industry, his Jerusalem-based start-up consists largely of immigrants from the US and other English-speaking countries,

“Israel is usually known for its strong tech skills, and as a big data company, we have our share of data geeks,” Razin told The Times of Israel. “But to make this work as an Israeli company, we needed a lot of people who were experts in the commercial real estate, and we were able to find them among Western immigrants to Israel.”

CrediFi is an idea that has long been needed, said Razin.

“The commercial real estate market is worth trillions, but until this year there has not been a central depository of objective information about buildings, investors, landowners, and other essential, basic information an investor needs to make a good deal. That kind of data has long been around for the stock market and other investment markets – why not for commercial real estate?”

Razin is very familiar with those other sources of data. A former top executive at Thompson Reuters, he was recruited two years ago to help develop CrediFi. “The idea was puzzling to me, because it was hard to imagine that there was no automated source of information about this market – but an extensive study we conducted indicated that that was indeed the case.”

Thus, the market was wide open for CrediFi, which has as its goal helping investors make sense of the market they are investing in. “We automatically gather information from a large number of sources, digest it and then present it to clients, who use it to make decisions on what properties to buy,” said Razin.

That information fills a major void in the market. As incredible as it sounds, said Razin, most commercial real estate deals today are done based on word of mouth.

“Even among the biggest investors, who spend tens of millions on buildings, projects, malls, and other real estate, one of the most common ways for them to find a deal is the ‘some guy’ system, as in ‘some guy’ told them that there was a good property at a certain location. It’s in an industry that has until now been based on manual data gathering methods to compile, digest, and share crucial data for vital investment decisions.”

CrediFi aims to change that with up-to-date information about everything an investor needs to know – who owns a property, what bank and/or investor is financing a deal, how much other similar properties in the same area sold for, whether the bonds companies issue to finance transactions are safe, what the zoning issues are, whether the tenants of properties are doing well enough to pay the rent, and other details an investor should know before entering into any deal.

“Because the data is so scattered, we have to work on a painstaking city-by-city basis to get all the information about properties, from municipal and other government resources, banks, the SEC and other federal agencies, from contracts and mortgage documents, and from information we cull from the web, social media, and many other sources,” said Razin. “It’s very much a big data play, taking into account a wide variety of data, from local real estate news to world events. All that can affect the price of real estate, and we scan, digest, and present the information to clients in an actionable form.”

The point is not to predict where prices are going, but to give investors the tools they need to make intelligent choices.

“Our big data solution gets that information and presents it in a way investors can actually use,” said Razin. “To date we’ve covered data about more than $2 trillion in loans, and have data on 1.5 million properties, with dozens of top investors as our customers. Data gathering and analysis in this area has turned out to be a real Israeli specialty, given the talent and capabilities we have here. With a start like this we believe our chances for success are great.”

 

Source: Big data a big deal in commercial real estate, says CrediFi | The Times of Israel

HOW ABOUT A ‘GRANNYPOD’ INSTEAD OF A NURSING HOME?

HOW ABOUT A ‘GRANNYPOD’ INSTEAD OF A NURSING HOME?

We all know how expensive nursing homes can be, often running into five figures each month.

And it’s not just cost, most of us would be happier close to our families when we become too old to cope alone or we require nursing care. Well check this out, this nifty idea combines a nursing home environment with a ‘Granny Pod.’

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Grannypods

The MedCottage supports the idea of family-managed healthcare. The MEDCottage is a mobile, modular medical home designed to be temporarily placed on a caregiver’s property for rehabilitation and extended care. Simply stated, it’s a state-of-the-art hospital room with remote monitoring available so caregivers and family members have peace of mind knowing they are providing the best possible care.

granny-pod-N2-careThese pre-fabricated and pre-equipped medical cottages can be installed in a backyard behind a caregiver’s home (zoning laws permitting), and hooked up to the existing sewer, water and power lines.

The inside maintains a comfortable home, using the space efficiently to create sleeping, living and bathing areas. Equipped with the latest technical advances in the industry, MEDCottage was made to assist with many care-giving duties. Using smart robotic features, it can monitor vital signs, filter the air for contaminants, and communicate with the outside world very easily. Sensors alert caregivers to problems, and medication reminders are provided via computers.

  • 3 models: 288 sq ft – 299 sq ft – 605 sq ft
  • Electricity and water connected directly to homeowner’s utilities
  • A kitchen with a small refrigerator, microwave, and medication dispenser.
  • Bedroom and additional accommodation for a caregiver’s visit.
  • The bathroom is handicapped accessible.Medcottage

The units are equipped with interactive video an devices that monitor vital signs like blood pressure and blood glucose, and transmit real-time readings to caregivers and physicians. The basic MEDCottage is about 12 by 24 feet, or the size of a master bedroom, has vinyl siding, double French doors (to accommodate a wheelchair and hospital equipment) and looks like a small bungalow.

 

 

 

Source: How about a ‘Grannypod’ instead of a nursing home? – Self-Reliance Central