Lumber and plywood prices have jumped through the roof in the U.S. Building materials prices will retreat in 2022, returning to pre-pandemic levels by 2023. They reflect housing-specific issues, not general inflation. (The general inflation is coming, I have argued, but lumber is not an early sign.) Wood products prices typically fluctuate more than most
Real Estate
In a sea of flashy amenities and larger-than-life mega-mansions, it can be challenging to stand out in Los Angeles’ speculative development scene. But one development firm is redefining the idea of luxury living in L.A. by leveraging a highly bespoke approach. Viewpoint Collection is a premier real estate developer that works with the most renowned
The question might seem so ridiculous that it borders on idiotic—after all, Malibu is known around the world for its epic coastal hills that slope dramatically into soft-sanded beaches lining the Pacific, as well as its Mediterranean climate and famous residents that include the likes of Will Smith, Leonardo DiCaprio and Pierce Brosnan. But if
CEO and Co-Founder of Green Generation, which engineers and implements comprehensive integrated energy efficiency solutions. This year’s Earth Day held particular importance. I didn’t need to revisit the doomsday statistics or look to signs of progress to substantiate that point. After all, measures of the efforts to mitigate and ultimately reverse anthropogenic climate change were front
Actor Steve Hytner has sold his Mid-City Los Angeles home for $1.59 million, which is nearly $200,000 more than the listing price for the newly-remodeled property. As Hytner’s most well-known character, Kenny Bania on the hit NBC sitcom Seinfeld, would say, “That’s gold, Jerry! Gold!“ The “Seinfeld” actor’s home received more than 50 offers after hitting
San Miguel de Allende, located about a three-hour drive from Mexico City at 6,135 feet above sea level in the state of Guanajuato, is a prime destination for American retirees. COVID has only increased this gem of a city’s desirability. These ex-pats move for a mild climate, five-star dining, accessible art and culture, Baroque/Neoclassical colonial
At first glance, you might not call this estate in Carpinteria a contemporary. The innovative design takes many of its cues from adobe or Pueblo Revival architecture. But here, the stucco walls have clean, crisp corners rather than rounded edges. Overhangs replace exposed beams on the exterior. The trapezoid is the predominant structure shape, not the rectangle
In March 2020, Procore CEO Tooey Courtemanche had his bags packed to go on an investor roadshow to pitch his construction cloud software business to analysts ahead of an initial public offering. Founded in 2002, Procore had taken a long path to IPO. But it would have to wait longer yet, as the Covid-19 pandemic
In the wake of downturns, real estate recovery is often heralded by a clearing out of distressed assets. Opportunistic investors typically look to struggling, over-leveraged or mismanaged properties. Low-interest debt and the promise of a market swing—often as well as some value-add strategy—drive activity and signal an industry turnaround on the way. 2021 is already
A contemporary waterfront mansion on Florida’s Marco Island is on the market with a $14.25 million price tag, claiming the title of the most expensive residential listing for sale since 2005 at the Gulf Coast retreat. Forget the beach crowds. This property on a nearly one-acre double lot has it all, with an idyllic 180 feet
James Shaffer, guitarist for Grammy-winning rock band Korn, has listed his Beverly Hills home for $5.495 million. Built in 1978, the traditional Hamptons-inspired home was recently renovated, according to the listing with Jonah Wilson of Beverly Hills-based brokerage Hilton & Hyland. Set on lower Deep Canyon Drive, the gated and hedged property includes a pool and spa
Chairman and Chief Executive Officer of Zoned Properties, Inc., a strategic real estate development firm. Across the United States, hundreds of cities, towns and counties are discussing and deciding the fate of local planning and regulatory code for the emerging cannabis industry. The results of those conversations will have a tremendous effect on billions of dollars in
Jonathan Keyser is the founder of Keyser, the largest occupier services commercial real estate brokerage firm in Arizona. A major question facing today’s business leaders is “How should my company operate on the other side of this pandemic?” Over the past year, companies have been working remotely out of necessity. While it may have been uncomfortable
Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City. New York City has suffered deeply from Covid-19. Its economy was destroyed, people fled in droves and the population registered over 30,000 deaths. Nevertheless, the Big Apple is beginning to make a strong comeback: A large
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. On March 10, 2021, Freddie Mac and Fannie May announced that they will buy fewer second-home and investment mortgages. Although the news did not set the real estate market into a downward spiral, it is now raising concerns for consumers as well as for real estate
Twelve years in the making, the highly anticipated Four Seasons Private Residences at 706 Mission, San Francisco is now open and welcoming its first residents. Located in the city’s Yerba Buena District, the ambitious project includes the historic Aronson Building reimagined as luxury residences and a newly constructed tower featuring estate-style homes. The newly opened Four Seasons Private Residences
A quadruplex penthouse in Midtown Manhattan that comes with seven terraces and nearly 2,000 square feet of outdoor living space has hit the market for $9.995 million, according to a new listing with Forbes Global Properties. The sprawling residence is owned by licensing executive Al Kahn and his wife, Jillian Crane. Khan, who has decades
An earlier post made clear this economy’s powerful near-term growth momentum. It also warned about longer-term economic risks, especially given Washington’s efforts to hype the economy. Against this background of conjoined economic optimism and worry (common enough in almost all economic analyses) the expansion in residential real estate seems so far to rest on a remarkably
California is extremely challenged by the nation’s ongoing housing crisis. Developers there are pressured by these challenges, so are coming up with innovative ideas that can go to scale, reducing the need in California and beyond. One such solution also is one of this year’s finalists in Fast Company’s World Changing Ideas Awards for Spaces,
Following the latest Centers of Disease Control guidance, mass confusion reigns about the role of mask-wearing. As summer seasonal activity opens up after a full year in limbo, and as corporate and commercial America take on the challenge of rebooting normalized workplaces as an anchor of economic dynamism in the period known as “learning to
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