Hurricane Harvey
Natural Disasters Create Demand Fluctuations, Investor Concerns
Real estate owners, operators and REITs are facing an uncertain outlook for damage repair and changes in demand at their properties, according to BDO Partner Stuart Eisenberg and Managing Director Basil Karampelas.
Economic Costs of Twin Disasters
The two storms will rank among the costliest in U.S. history, and that goes for the real estate industry, too, notes Avison Young Principal Jay Maddox.
Past Storms Offer Clues About Impact on CRE
It is too early to make definitive conclusions about Harvey and Irma’s impact on CRE valuations, but it is reasonable to expect CRE investment conditions to return to normalcy in the long term, argues Situs RERC President Ken Riggs.
Planning & Building for Severe Weather
In the wake of Hurricane Harvey and Hurricane Irma, developers, designers and cities themselves need to ensure their current and future buildings can withstand extreme weather events, notes WXY architecture + design Co-Founder Claire Weisz.
Economy Watch: Consumers Unnerved by Recent Storms
Consumers responding to the University of Michigan’s latest survey expressed concerns that Hurricane Harvey and Hurricane Irma would negatively impact the overall economy, leading to a drop in the Sentiment Index in August.
Economy Watch: Recent Hurricanes Impact Hospitality Industry
Most major hotel markets in Florida saw dramatic performance declines in the days leading up to Hurricane Irma, according to STR’s preliminary analysis. Hurricane Harvey’s impact on Houston’s hotel markets is a little less clear.
The Houston CRE Market in Hurricane Harvey’s Aftermath
The metro’s office market emerged mostly unscathed following the Category 4 storm, while the retail, industrial and hotel industries were affected in certain areas. The flooding did the most damage on residential properties, according to a CBRE report.
Providers Grapple with Flood Insurance’s Hazy Forecast
An experienced litigator in the areas of bad faith law and unfair business practices, Royal Oakes analyzes the challenges and opportunities that insurers face in the wake of hurricanes Harvey and Irma.
Online Assessment Tool Enables Hurricane Preparedness: JLL
The professional services firm continues aiding its Houston-area employees in recovering from Hurricane Harvey, while also using its Building Emergency Management Assessment system to evaluate the effects of Hurricane Irma.
JLL Chief Economist Weighs in on Hurricane Harvey
As the firm continues assessing the effects of the disaster, Ryan Severino provides an early forecast of its economic implications.
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