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Lenders Enter 2020 Willing to Fund New Apartment Construction<\/a><\/strong><\/p>\n“Even if the economy shrinks sometime in 2020 or 2021, multifamily pros believe demand for apartments is still strong enough to prevent major damage to apartment properties in most markets\u2014even with the thousands of new apartments recently opened by developers across the country. \u201cThere is clear evidence that multifamily is the asset class best equipped to weather a downturn,\u201d says David G. Shillington, president of Marcus & Millichap Capital Corp., based in Atlanta, pointing to overall fundamentals in the sector that remain healthy.” Net Migration between the U.S. and Abroad Added 595,000 to National Population Between 2018 and 2019<\/strong><\/a><\/p>\n “The population estimates show that net migration from Puerto Rico to the 50 states and the District of Columbia, which rose after Hurricane Maria, reversed between 2018 and 2019. More people are moving to than away from Puerto Rico.” Video: JLL\u2019s Wong Sees Meaningful Drop in Hong Kong Rents, Prices in 2020<\/a><\/strong><\/p>\n “Nelson Wong, Greater China and Hong Kong head of research at Jones Lang Lasalle Inc., discusses his outlook for Hong Kong\u2019s property market in 2020. He speaks on \u201c’Bloomberg Markets: Asia.’\u201d Sales of Manhattan\u2019s priciest apartments plunge almost 40% in fourth quarter<\/strong><\/a><\/p>\n \u201c’I think we\u2019ll see more of the same,’\u201d said Jonathan Miller, CEO of Miller Samuel. \u201c’The problem with saying that 2020 will mark the bottom is that it suggests it will go up after that. And I think we still have another couple of years of moving sideways.’\u201d Dan Gilbert\u2019s Biggest Developments in Detroit, Mapped<\/strong><\/a><\/p>\n “In the last decade, Dan Gilbert and his real estate company Bedrock Detroit have made an enormous impact on downtown Detroit. He\u2019s renovated vacant buildings, built a hotel, proposed new skyscrapers, broken ground on others, and taken advantage of a lot of tax incentives.” Developers Fail Math Class in Student Housing Sector<\/a><\/strong><\/p>\n “Around 3.9 percent of student housing-backed CMBS debt was more than 60 days past due at the end of November, a 1.1 percentage point increase from last year, according to Fitch Ratings Inc.” Site Selection In 2020: The Squeeze Is On<\/a><\/strong><\/p>\n Attracting a relocating business to a particular place is tougher than ever in the current high-employment, incentive-skeptical climate. Yet in the face of such headwinds, economic development organizations have come up with some creative ideas to boost their site selection prospects. Culver City Office Buildings Sell for $74 Million<\/strong><\/a><\/p>\n “The company purchased the property, at 10301-10335, 10361-10375 and 10381-10395 Jefferson Blvd., from Lionstone Partners.” Gen Zers Will Own More Homes Than Millennials in U.S.<\/strong><\/a><\/p>\n
\n\u2014National Real Estate Investor<\/em><\/p>\n
\n\u2014Census.gov<\/em><\/p>\n
\n\u2014Bloomberg<\/em><\/p>\n
\n\u2014CNBC<\/em><\/p>\n
\n\u2014Curbed<\/em><\/p>\n
\n\u2014The Real Deal<\/em><\/p>\n
\n\u2014Bisnow<\/em><\/p>\n
\n\u2014Los Angeles Business Journal<\/em><\/p>\n