The construction industry is massive. It’s one of the largest sectors of the global economy representing $5 trillion in payments annually, with the US construction industry representing a $1T market. Construction payments are not only massive, but also complex, particularly construction loans. Construction loans are considered riskier than traditional mortgage loans and are thus provided in tranches (otherwise known as “draws”), rather than in upfront, lump sum payments.
‘As demographics evolve and consumers demand more and better travel apartments, short-term rental operators like Stay Alfred have been growing their portfolios by taking master leases for dozens of rooms in luxury multifamily buildings.’
‘Data from Cushman & Wakefield, a commercial real estate service company based in Chicago, shows several other cities gaining ground in the tech sector—particularly from a real estate standpoint.’
‘Over the last six years, technology companies have accounted for about 30% of the tenant deals done in downtown Denver, Hammerstein said. About 70% of those deals are companies from both coasts that have decided to open an office in Denver and have taken about 1M SF, according to CBRE’s Tech-30 2018 report released in October.’
‘The U.S. has long been the land of the automobile. We design cities around parking lots, create suburbs “within driving distance” of major metropolises and have highways that span coast to coast. The car is an undeniable part of America’s history and has shaped how much of it looks today. But as more and more people move to cities—the UN predicts that 68 percent of the world’s population will live in urban areas by 2050, up from 55 percent—and the impact of climate change becomes more prevalent, what does that mean for the state of the automobile?’