#Atlanta Commercial Real Estate Trends

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Industrial Property Market Analysis

Stay ahead of the curve in the competitive commercial real estate market in Atlanta with insights from Stratus Property Group. Our industry expertise and local knowledge ensure you make informed decisions!

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Investor Sentiment Shifts Back to Multifamily Amid Broader CRE Decline

As many commercial real estate sectors face challenges, the multifamily sector is making a notable comeback. This resurgence is largely driven by high mortgage rates and rising single-family home costs, which are pushing more people towards rental housing. Let’s dive into the factors contributing to this shift and what it means for investors.

Rebounding Sector

Investor confidence in office, retail, and industrial real estate has waned, but multifamily is gaining ground. According to Altus Group’s Q3 2024 U.S. CRE Survey, 69% of investors expect multifamily to outperform other sectors. This is primarily due to limited housing supply and barriers in the single-family market. However, multifamily transactions are still about 35% below pre-pandemic levels.

Steady Absorption

Sun Belt markets such as Phoenix, Dallas, and Atlanta saw a 20% increase in multifamily completions last year. Despite this surge, absorption rates above 90% have alleviated oversupply concerns. In regions like the Northeast, Midwest, and West, where construction is slower, occupancy rates have reached up to 95%. With pending home sales down 13% year-over-year, multifamily demand is rising as more buyers are priced out of homeownership.

The October 2024 NMHC survey reveals improvements in sales, equity, and debt financing, with all indices above 50. Debt availability increased due to a 28-point drop in the 10-year Treasury yield and a 50-point Fed rate cut. Additionally, equity financing has reached its most favorable level in over two years.

Looser Market Conditions

NMHC’s Market Tightness Index remained below 50 for the ninth consecutive quarter, landing at 37. Despite looser conditions, absorption rates have kept pace with supply. Approximately 40% of respondents now view the market as looser, up from 27% in July. Elevated multifamily deliveries continue, but strong rental demand is absorbing much of the new inventory, indicating the sector’s resilience.

Despite softer market conditions and rising vacancies, multifamily investors see significant opportunities in improved debt and sales conditions. The sector’s adaptability and consistent demand suggest that rental housing isn’t just a temporary trend but reflects a broader, lasting shift in housing preferences.

Join the Conversation: What are your thoughts on the resurgence of the multifamily sector? How do you see these trends impacting real estate investments? Share your insights and engage with our community!

#RealEstateTrends #MultifamilyHousing #InvestmentOpportunities #MarketDynamics

What are your views on the shifting dynamics of the multifamily sector? Let’s discuss below! 💬🏢

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Kanye West Net Worth 2024: Earnings & Investments

Kanye West is a name that resonates throughout the music industry and beyond. Known for his groundbreaking artistry, innovative fashion ventures, and sometimes controversial public persona, Kanye has established himself as a multifaceted figure. In 2024, his net worth continues to be a topic of interest for fans and financial analysts alike. This blog delves into Kanye West net worth 2024, exploring how he achieved it, his various income streams, and what the future may hold for him.

The Rise of Kanye West

Early Life and Career Beginnings

Born on June 8, 1977, in Atlanta, Georgia, Kanye Omari West moved to Chicago, Illinois, at a young age. His passion for music began in childhood, and he honed his skills as a producer before launching his own career as a rapper. Kanye's debut album, The College Dropout, released in 2004, quickly gained critical and commercial success, establishing him as a significant player in the music industry.

Breakthrough Albums and Collaborations

Kanye's early work, including Late Registration (2005) and Graduation (2007), showcased his unique style and lyrical depth. His collaborations with other artists, such as Jay-Z and Kid Cudi, further solidified his place in the music industry. Over the years, he has won numerous awards, including multiple Grammy Awards, which contributed significantly to his rising net worth.

Kanye West's Diverse Income Streams

Kanye West's financial portfolio is as diverse as his artistic endeavors. Understanding the various income streams that contribute to Kanye West's net worth in 2024 can provide insight into his financial success.

Music Sales and Royalties

Kanye's music sales remain a significant source of income. With over 160 million records sold worldwide, he earns substantial royalties from his albums and singles. His ability to create hit songs ensures a steady income stream from both digital and physical sales.

Concert Tours and Merchandise

Concert tours are another significant contributor to Kanye West's net worth. His tours consistently sell out, bringing in millions of dollars. Additionally, merchandise sales during tours and online further boosts his income, creating a lucrative revenue stream that is hard to overlook.

Fashion Ventures

Kanye West has made a significant impact on the fashion industry through his brand Yeezy. The collaboration with Adidas for Yeezy sneakers transformed him into a fashion mogul. In 2024, Yeezy continues to thrive, with sneaker releases often selling out within minutes, showcasing the brand's popularity and contributing substantially to Kanye West's net worth.

The Impact of Yeezy

The Yeezy brand represents a shift in how hip-hop artists approach fashion. Kanye's vision has led to innovative designs and a unique aesthetic that resonates with consumers. The partnership with Adidas was pivotal, as it propelled Yeezy into mainstream fashion, making it a household name.

Investments and Business Ventures

Kanye is not just a musician and designer; he is also a savvy businessman. His investments in various sectors, including technology and real estate, have helped grow his wealth. Kanye's ability to recognize and capitalize on emerging trends is a testament to his business acumen.

Real Estate Investments

Kanye has invested in several properties, including his ranch in Wyoming and luxurious homes in California. These real estate ventures not only provide a personal residence but also serve as lucrative investments. The value of these properties often appreciates, contributing to his overall net worth.

Brand Collaborations and Endorsements

Kanye West's influence extends to brand collaborations and endorsements. He has partnered with various brands, leveraging his fame to promote products ranging from clothing to beverages. These collaborations offer substantial financial rewards and enhance his brand presence in different markets.

Kanye West's Net Worth in 2024

As of 2024, Kanye West's net worth is estimated to be around $2 billion. This figure reflects his successful career as a musician, fashion designer, and businessman. Despite facing challenges in his career, including public controversies and financial difficulties, Kanye has managed to rebuild and expand his wealth.

Factors Influencing Net Worth

Several factors contribute to Kanye West's net worth in 2024. His resilience in the face of adversity, innovative approach to music and fashion, and diverse income streams all play a crucial role. Moreover, his ability to adapt to changing market conditions has allowed him to maintain and grow his financial status.

Conclusion

Kanye West's net worth in 2024 reflects his incredible journey as an artist, fashion designer, and entrepreneur. From his early beginnings in Chicago to becoming a global icon, Kanye's story is a testament to his talent and determination. With multiple income streams and a knack for innovation, he remains a formidable force in the entertainment industry. As he continues to evolve and take on new projects, it will be exciting to see how his net worth changes in the coming years.

FAQs

1. What is Kanye West's net worth in 2024? As of 2024, Kanye West's net worth is estimated to be around $2 billion.

2. How did Kanye West become wealthy? Kanye West built his wealth through music sales, concert tours, and fashion ventures like Yeezy, real estate investments, and brand collaborations.

3. What are Kanye West's major sources of income? Kanye's major sources of income include music sales and royalties, concert tours, fashion sales (particularly Yeezy), and various business investments.

4. Is Kanye West still active in the music industry? Yes, Kanye West is still active in the music industry and is rumored to be working on new projects and collaborations in 2024.

5. How has Kanye's fashion brand contributed to his net worth? Kanye's fashion brand, Yeezy, has significantly contributed to his net worth through successful sneaker collaborations with Adidas and the brand's overall popularity in the fashion world.

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Redfin Real Estate Agents Scraping

Redfin Real Estate Agents Scraping by DataScrapingServices.com

In the competitive world of real estate, having access to detailed and accurate data is crucial for making informed decisions and staying ahead of the competition. Redfin, a well-known real estate brokerage, offers a wealth of information on real estate agents, properties, and market trends. By leveraging Redfin Real Estate Agents Scraping services from DataScrapingServices.com, businesses can access a comprehensive database of real estate agents' information, enhancing their marketing efforts and strategic planning.

List of Data Fields

When scraping data from Redfin, DataScrapingServices.com ensures that you receive a wide array of essential data fields, including:

Agent Name: The full name of the real estate agent.

Contact Information: Email addresses and phone numbers for direct communication.

Agency/Office Details: The name and address of the agency or office the agent is affiliated with.

Specializations: Areas of expertise such as residential, commercial, rental properties, etc.

Years of Experience: Information on the agent’s experience in the real estate industry.

Active Listings: Current property listings managed by the agent.

Customer Reviews and Ratings: Feedback from clients that reflects the agent’s performance and reputation.

Social Media Profiles: Links to the agent’s social media accounts for additional insights.

Benefits of Redfin Real Estate Agents Scraping

Utilizing Redfin Real Estate Agents Scraping services from DataScrapingServices.com offers numerous benefits:

1. Enhanced Marketing Campaigns: With detailed information on real estate agents, businesses can tailor their marketing campaigns to target specific agents who are most likely to be interested in their services or properties. This targeted approach increases the effectiveness of marketing efforts and maximizes ROI.

2. Improved Networking: Access to comprehensive agent profiles allows businesses to establish connections with top-performing agents. Building strong relationships with these agents can lead to fruitful collaborations, referrals, and increased business opportunities.

3. Competitive Analysis: By analyzing the data on various agents, businesses can gain insights into the competition. Understanding the strengths and weaknesses of competitors helps in refining strategies and staying ahead in the market.

4. Data-Driven Decision Making: Having accurate and up-to-date information at your fingertips enables businesses to make informed decisions. Whether it’s selecting the right agents to partner with or identifying emerging market trends, data-driven decisions lead to better outcomes.

5. Time and Cost Efficiency: Automating the data extraction process saves valuable time and resources. Instead of manually collecting and organizing data, businesses can rely on automated scraping services to gather accurate information quickly and efficiently.

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Conclusion

Redfin Real Estate Agents Scraping by DataScrapingServices.com is an invaluable resource for businesses in the real estate industry. By providing detailed and accurate data on real estate agents, this service enhances marketing efforts, improves networking opportunities, and enables data-driven decision-making. With a comprehensive database at your disposal, your business can stay competitive, build strong relationships, and achieve greater success in the dynamic real estate market. Contact DataScrapingServices.com today to learn more about how our scraping services can benefit your business.

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Is Georgia A Good State For Real Estate Agents?

Georgia, known for its rich history, diverse culture, and booming economy, offers numerous opportunities for real estate agents. The state's blend of urban and rural areas, along with a steadily growing population, makes it an attractive market for real estate professionals. In this article, we will explore why Georgia is a good state for real estate agents, backed by facts and figures.

Growing Population and Housing Demand

One of the key factors that make Georgia a promising state for real estate agents is its growing population. As of the latest census, Georgia's population stands at over 10.7 million, reflecting significant growth over the past decade. This population increase drives demand for housing in both urban and suburban areas.

Metro Atlanta, Georgia's largest metropolitan area, is particularly notable. It has seen substantial growth, with the population surpassing 6 million. The influx of residents to Atlanta and surrounding cities like Alpharetta, Marietta, and Decatur has spurred a high demand for residential properties. This trend creates a thriving market for real estate agents to capitalize on.

Diverse Real Estate Market

Georgia's real estate market is diverse, offering opportunities in various sectors including residential, commercial, and industrial properties. Atlanta, for example, is a hub for commercial real estate with numerous corporations headquartered in the city. This creates a steady demand for office spaces and commercial properties, benefiting real estate agents specializing in this sector.

In addition to urban centers, Georgia has a robust market for rural and suburban properties. Areas like Savannah, Augusta, and the North Georgia mountains attract buyers looking for vacation homes or quieter, more scenic living environments. This diversity allows real estate agents to specialize in different types of properties and cater to a broad range of clients.

Affordable Living and Competitive Prices

Compared to many other states, Georgia offers relatively affordable living, which is a significant draw for new residents. The cost of living in Georgia is below the national average, making it an attractive destination for families, retirees, and young professionals. Housing prices in Georgia are competitive, with the median home price around $300,000 as of 2023. This affordability combined with quality living conditions attracts a steady stream of buyers, providing a consistent client base for real estate agents.

Economic Growth and Job Opportunities

Georgia's robust economy is another reason why it is an excellent state for real estate agents. The state boasts a diverse economy with strengths in sectors such as manufacturing, technology, agriculture, and film production. Georgia’s gross domestic product (GDP) has been growing steadily, reflecting the state’s economic health and job creation.

The presence of major corporations, including Coca-Cola, Delta Airlines, and Home Depot, contributes to job growth and attracts new residents to the state. This economic prosperity translates to a healthy real estate market as people move to Georgia for job opportunities, further boosting demand for housing.

Favorable Business Environment

Georgia's business-friendly environment also plays a crucial role in making it a good state for real estate agents. The state has favorable tax policies, low operating costs, and supportive government programs aimed at encouraging business growth. For real estate agents, this means a stable market with plenty of opportunities for business development and expansion.

The Georgia Association of Realtors provides extensive resources and support for real estate professionals, including continuing education, legal assistance, and market data. This support infrastructure helps agents stay informed about market trends, regulations, and best practices, enhancing their ability to succeed in the industry.

Real Estate Trends and Market Dynamics

Understanding the trends and market dynamics is crucial for any real estate agent, and Georgia offers a vibrant and evolving market. According to the Georgia Multiple Listing Service (GAMLS), the state has seen a steady increase in home sales and property values. In 2023, the median sale price of homes in Georgia rose by approximately 8%, indicating a healthy appreciation rate.

Additionally, Georgia's rental market is strong, particularly in urban areas like Atlanta. The demand for rental properties has been growing, driven by factors such as population growth and the influx of young professionals and students. Real estate agents who focus on rental properties and property management can find lucrative opportunities in this segment.

Quality of Life and Attractions

Georgia's quality of life is another compelling factor that attracts residents, indirectly benefiting real estate agents. The state offers a mix of urban amenities and natural beauty, with attractions ranging from the bustling city life of Atlanta to the scenic Blue Ridge Mountains and coastal areas like Savannah and Tybee Island.

Georgia is also known for its rich cultural heritage, historical sites, and vibrant arts scene. The state's warm climate and diverse recreational opportunities, including parks, lakes, and hiking trails, make it an attractive place to live. These factors contribute to a high demand for real estate, providing agents with a steady stream of potential clients.

Education and Infrastructure

Georgia's investment in education and infrastructure also enhances its appeal. The state is home to several top-ranked universities, including the Georgia Institute of Technology and Emory University, which attract students from around the world. This influx of students and faculty creates a demand for housing near educational institutions.

Moreover, Georgia's transportation infrastructure, including Hartsfield-Jackson Atlanta International Airport, one of the busiest airports in the world, facilitates easy travel and connectivity. The state’s extensive highway network and public transit systems support the growth of suburban areas and make commuting convenient, further boosting the real estate market.

Final Verdict:

Georgia offers a wealth of opportunities for real estate agents, driven by factors such as a growing population, diverse market, affordable living, strong economy, and quality of life. The state's favorable business environment and supportive infrastructure further enhance its attractiveness for real estate professionals. For agents looking to build a successful career, Georgia provides a dynamic and promising landscape ripe with potential. Obtaining a real estate agent license in Georgia can be a gateway to tapping into this thriving market.

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Enhance Your Space with Durable Epoxy Flooring in Atlanta

Epoxy flooring has emerged as a popular choice for homeowners and businesses in Atlanta, offering a perfect blend of durability, aesthetics, and easy maintenance. Whether you're looking to upgrade your garage, basement, commercial space, or even your home's interior, epoxy flooring provides a versatile solution that enhances both the visual appeal and functionality of your space. Let's delve into why epoxy flooring is gaining traction in Atlanta and how it can transform your property.

Durability: One of the primary reasons epoxy flooring is preferred by many in Atlanta is its exceptional durability. Unlike traditional flooring options such as wood, laminate, or tile, epoxy flooring Atlanta is highly resistant to stains, chemicals, impacts, and abrasions. This makes it ideal for high-traffic areas like garages, warehouses, and industrial facilities. In Atlanta's dynamic environment, where temperature and humidity fluctuations are common, epoxy flooring stands strong, maintaining its integrity for years to come.

Aesthetics: Beyond its durability, epoxy flooring offers endless aesthetic possibilities. Available in a wide range of colors, patterns, and finishes, you can customize your flooring to complement the existing décor or create a striking focal point in your space. Whether you prefer a sleek, modern look or a more rustic, industrial vibe, epoxy flooring can be tailored to suit your style preferences. In Atlanta, where design trends evolve rapidly, epoxy flooring allows property owners to stay ahead of the curve with cutting-edge aesthetics.

Easy Maintenance: Maintaining epoxy flooring is a breeze, making it a practical choice for busy homeowners and businesses alike. Its seamless surface prevents dirt, dust, and debris from accumulating, simplifying the cleaning process. Regular sweeping and occasional mopping are usually all that's needed to keep your epoxy floor looking pristine. Additionally, its resistance to chemicals and moisture means you can easily wipe away spills without worrying about staining or damage. In Atlanta's humid climate, where moisture-related issues are common, epoxy flooring offers peace of mind and hassle-free maintenance.

Versatility: Epoxy flooring's versatility is another factor driving its popularity in Atlanta. Whether you're renovating your home, upgrading a commercial space, or transforming a garage into a functional workshop, epoxy flooring can adapt to various environments and requirements. It can be installed over different substrates, including concrete, wood, and tile, making it suitable for virtually any area. From residential basements to automotive showrooms to restaurant kitchens, epoxy flooring provides a durable, long-lasting solution that meets diverse needs.

Cost-Effectiveness: Despite its numerous benefits, epoxy flooring remains cost-effective compared to many other flooring options. Its long lifespan and minimal maintenance requirements translate to savings in the long run, reducing the need for frequent repairs or replacements. Moreover, epoxy flooring's energy-efficient properties can contribute to lower utility bills by reflecting light and reducing the need for additional lighting. In Atlanta's competitive real estate market, investing in epoxy flooring can enhance your property's value and appeal without breaking the bank.

epoxy flooring offers a winning combination of durability, aesthetics, easy maintenance, versatility, and cost-effectiveness, making it an attractive choice for property owners in Atlanta. Whether you're seeking to upgrade your home's interior, enhance your commercial space, or revamp your garage, epoxy flooring provides a practical and stylish solution that stands the test of time. With its seamless installation process and customizable options, now is the perfect time to elevate your space with epoxy flooring in Atlanta.

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Atlanta's Real Estate Investment Opportunities: A CHIMPRE's Roadmap to Success

Introduction:

As the vibrant city of Atlanta continues to be a hotspot for real estate investment, CHIMPRE residents have a unique opportunity to capitalize on the growing market. In this blog post, we'll explore the dynamic landscape of Atlanta's real estate and provide a comprehensive roadmap for CHIMPRE individuals looking to embark on a successful investment journey.

Understanding Atlanta's Real Estate Market Trends:

Delve into the current trends shaping Atlanta Realtor real estate market. From rising property values to emerging neighborhoods, gain insights that will inform your investment decisions.

Identifying High-Potential Neighborhoods for CHIMPRE Investors:

A detailed guide to the neighborhoods that align with CHIMPRE preferences and offer promising investment potential. Explore factors like safety, amenities, and community vibes.

Financing Options Tailored for CHIMPRE Investors:

Navigate the financial aspects of real estate investment in Atlanta Realtor. Learn about mortgage options, down payment strategies, and financing solutions that suit CHIMPRE's unique needs.

Leveraging Technology for Smart Investments:

Explore how technology can streamline your investment process. From property search platforms to digital analytics tools, discover the tech-savvy approaches that will set you apart.

Legal Considerations for CHIMPRE Investors in Atlanta:

An overview of the legal aspects involved in real estate transactions. Stay informed about local regulations, zoning laws, and documentation requirements to ensure a smooth investment process.

Spotting Profitable Commercial Real Estate Opportunities:

Diversify your investment portfolio by exploring the commercial real estate sector in Atlanta. Uncover sectors with high growth potential and learn how CHIMPRE investors can capitalize on them.

Networking and Building Local Connections:

The importance of networking in the real estate industry cannot be overstated. Discover local events, real estate meetups, and online communities where CHIMPRE investors can connect with like-minded individuals.

The Art of Negotiation: Securing the Best Deals:

Hone your negotiation skills to secure favorable deals. Learn effective negotiation techniques that CHIMPRE investors can use to maximize returns on their real estate investments.

Mitigating Risks in Real Estate Investment:

Every investment carries some level of risk. Explore strategies and risk mitigation techniques that CHIMPRE investors can employ to safeguard their investments in the Atlanta Realtor market.

Long-Term vs. Short-Term Investments: Crafting Your Strategy:

Tailor your investment strategy based on your goals and timelines. Understand the nuances of long-term and short-term investments and how they align with CHIMPRE's financial objectives.

Conclusion:

Armed with a comprehensive roadmap and insights into Atlanta Realtor real estate market, CHIMPRE investors are well-positioned to make informed decisions that lead to success. By navigating the intricacies of the market, leveraging technology, and building a robust network, CHIMPRE individuals can embark on a rewarding journey in Atlanta's thriving real estate landscape.

[jerrydoney5]

Navigating the Thriving Landscape of Commercial Real Estate in Atlanta

Atlanta, often referred to as the "Gateway to the South," is not only a vibrant hub of culture, history, and business but also a hotbed for commercial real estate opportunities. Whether you're a seasoned investor, a business owner searching for a new location, or simply intrigued by the dynamics of this market, understanding the landscape of commercial real estate Atlanta is essential. In this comprehensive guide, we'll take a deep dive into the key aspects, trends, and opportunities that define this ever-evolving sector.

The Atlanta Advantage

Atlanta's strategic location and robust economy make it a prime destination for commercial real estate investments and ventures. Here's why this city stands out:

Economic Hub: Atlanta boasts a diverse economy, with strengths in industries such as finance, technology, logistics, healthcare, and media. This economic diversity contributes to a stable and growing commercial real estate market.

Thriving Job Market: A strong job market attracts businesses and residents alike. Atlanta consistently ranks among the top cities for job growth, driving demand for commercial spaces.

Transportation Hub: Hartsfield-Jackson Atlanta International Airport, one of the world's busiest airports, facilitates connectivity and business travel. Additionally, the city's strategic location along major highways and railways makes it a logistics powerhouse.

Cultural Hub: Atlanta's cultural attractions, including museums, theaters, and sports venues, contribute to the city's appeal as a place to live, work, and visit.

Key Segments of Commercial Real Estate in Atlanta

The commercial real estate market in Atlanta encompasses various sectors, each with its unique characteristics and investment opportunities:

Office Space: Atlanta's office market is diverse, offering options for corporate headquarters, startups, and co-working spaces. The city's business-friendly environment attracts companies seeking affordable, quality office spaces.

Industrial and Logistics: Atlanta's strategic location and excellent transportation infrastructure make it a logistics and distribution hub. Demand for industrial properties, including warehouses and fulfillment centers, continues to rise.

Retail: The retail sector in Atlanta is evolving, with a focus on mixed-use developments, experiential retail, and neighborhood centers that cater to changing consumer preferences.

Multifamily: Atlanta's population growth, fueled by job opportunities and an attractive lifestyle, drives the demand for multifamily properties. Both traditional apartment complexes and mixed-use developments are flourishing.

Hospitality: The city's tourism industry, coupled with business travel, creates a robust demand for hotels and other hospitality properties. Atlanta's diverse culture and events make it a year-round destination.

Trends Shaping the Market

Understanding the current trends in Atlanta's commercial real estate market can provide valuable insights for investors and businesses:

Tech and Innovation: Atlanta's tech sector is on the rise, attracting tech companies and startups. Areas like Midtown and the Atlanta Tech Village have become innovation hubs.

Sustainability: The focus on sustainability and eco-conscious practices is influencing commercial real estate development. Green building initiatives and LEED certification are becoming increasingly prevalent.

Mixed-Use Developments: Atlanta's development landscape is evolving with mixed-use projects that combine residential, commercial, and retail spaces, creating vibrant communities.

Adaptive Reuse: Historic buildings are being repurposed for modern uses, preserving Atlanta's rich architectural heritage while meeting contemporary demands.

Remote Work Impact: The rise of remote work has prompted discussions about the future of office spaces. Flexibility and innovative office designs are gaining importance.

Opportunities and Considerations

For investors and businesses looking to enter or expand in Atlanta's commercial real estate market, here are some key considerations:

Location: Carefully choose the location that aligns with your business goals. Different neighborhoods offer various advantages.

Market Research: Conduct thorough market research to understand demand, competition, and rental rates in your chosen sector.

Due Diligence: Engage in due diligence to assess the condition of the property, potential renovation costs, and compliance with zoning regulations.

Partnerships: Collaborating with local real estate professionals and legal experts can provide valuable insights and guidance.

Long-Term Vision: Consider your long-term objectives. Atlanta's dynamic market offers opportunities for both short-term gains and long-term investments.

Commercial real estate in Atlanta is a dynamic and lucrative sector, offering a wide range of opportunities for investors, developers, and businesses. Atlanta's economic vitality, diverse sectors, and strategic location make it a compelling destination for commercial real estate ventures. By staying informed about market trends, conducting thorough research, and carefully considering your objectives, you can navigate this thriving landscape with confidence, potentially reaping the rewards of this vibrant city's growth and prosperity.

[elegantislandhomecom]

Darien GA Real Estate

Elegant island home is a top-notch real estate agency based in Georgia that is dedicated to helping clients find their dream homes in the beautiful and diverse communities of the state. Georgia is known for its rich history, stunning natural beauty, vibrant cities, and diverse cultural heritage. From the bustling metropolis of Atlanta to the charming coastal towns of Savannah and Brunswick, Georgia offers a wide range of housing options to suit every lifestyle and budget. Dream Home Real Estate's agents are experts in their respective markets, with in-depth knowledge of the neighborhoods, schools, amenities, and attractions that make Georgia such a desirable place to live.

At Dream Home Real Estate, we are passionate about helping our clients find their dream homes. We understand that buying or selling a home can be a complex and emotional process, and we strive to make it as stress-free and enjoyable as possible. We take the time to get to know our clients and understand their unique needs and preferences, so we can find the perfect home that meets all their requirements. Our team of experienced and knowledgeable agents works tirelessly to ensure a smooth and successful real estate transaction, from the initial consultation to the closing of the deal.

Whether you are a first-time homebuyer or a seasoned investor, Dream Home Real Estate can help you find the perfect home in Georgia. We offer a comprehensive range of real estate services to buyers, sellers, and investors, including:

Home buying services: We understand that buying a home can be a daunting task, especially for first-time buyers. That's why we offer personalized home buying services to guide you through the process from start to finish. We will work with you to understand your needs and preferences, identify suitable homes, schedule viewings, and negotiate on your behalf to get the best possible deal.

Home selling services: If you are selling your home in Georgia, you can count on Dream Home Real Estate to provide expert guidance and support throughout the process. We will help you prepare your home for sale, price it appropriately, create a marketing plan, and negotiate with potential buyers to ensure a successful sale.

Investment property services: Georgia is a great place to invest in real estate, and Dream Home Real Estate can help you find the best investment properties that meet your goals and preferences. Whether you are looking for rental properties, fix-and-flip projects, or commercial properties, we have the expertise and resources to help you succeed.

Property management services: If you own rental properties in Georgia, Dream Home Real Estate can help you manage them effectively and maximize your return on investment. We offer a range of property management services, including tenant screening, rent collection, property maintenance, and accounting.

At Dream Home Real Estate, we pride ourselves on providing personalized and attentive service to each and every client. We understand that buying or selling a home is a major decision, and we are committed to making it a smooth and enjoyable experience. Our agents are always available to answer your questions, provide expert advice, and guide you through the process with professionalism and integrity.

In addition to our real estate services, we also offer a wealth of resources and information to help you make informed decisions about buying or selling a home in Georgia. Our website features detailed listings of homes for sale, market data and trends, neighborhood information, and more. We also offer a blog with tips and insights on real estate, home buying, and home selling in Georgia.

In conclusion, Dream Home Real Estate is a trusted and reliable partner for anyone looking to buy, sell, or invest in real estate in Georgia. With our commitment to personalized service, expert knowledge of the market, and extensive network of industry connections, we can help you achieve your real estate goals and find your dream home in this beautiful and dynamic state. Brunswick GA Real Estate

[anthonyberritto]

Some Commercial Real Estate Trends in 2022

A respected business leader in the Newark trucking and logistics community, Anthony Berritto serves as the CEO of SalSon Logistics, where he provides contracted transport and distribution solutions. In addition to his executive responsibilities at SalSon Logistics, Anthony Berritto concurrently oversees the management of 10 commercial real estate properties.

A 2022 report from Forbes reveals multiple trends in the commercial real estate sector that position the industry as a sector that is inclined to grow. According to the report, commercial real estate funds took out over $152.2 billion in marketable securities appropriated for growth projects as of mid-October 2022.

Some commercial real estate firms have extended projects to smaller markets like Atlanta, Phoenix, and Charlotte. This will create job opportunities and foster economic growth in these regions, while also expanding the overall commercial real estate market.

Many commercial real estate companies are also looking to expand partnerships with PropTechs. PropTechs are companies that leverage the power of information technology to help their partner companies buy, sell, and manage real estate assets. These partnerships will facilitate the advancement of digital solutions for property acquisition and management.

[stratuspropertygroup]

Atlanta Commercial Real Estate

Unlock Opportunities For Your Business in the Atlanta Commercial Real Estate Market

Welcome to the heart of opportunity—Atlanta, Georgia, where our thriving commercial real estate market stands as a beacon for businesses seeking growth and prosperity. Nestled in the bustling southeastern United States, Atlanta offers more than just a strategic location; it's a dynamic hub flowing with possibilities. Learn more as we explore what makes Atlanta the premier destination for your commercial real estate ventures and discover the advantages awaiting your business.

Strategic Location and Connectivity

Our city seamlessly connects us to the world through the renowned Hartsville-Jackson International Airport, ensuring unparalleled accessibility for businesses aiming to expand regionally or nationally. Atlanta’s strategic positioning makes it a coveted choice for those seeking to amplify their reach.

Diverse Industry Sectors

In Atlanta, diversity isn't just a buzzword; it's the cornerstone of our thriving commercial real estate market. From tech titans to healthcare heroes, Atlanta accommodates a plethora of industries, ensuring that every business finds its perfect match in our vibrant landscape.

Growing Economy

Atlanta isn't just growing; it's thriving. Fueled by a potent mix of corporate giants and burgeoning startups, our city nurtures innovation and fosters growth like no other. With each passing day, Atlanta solidifies its status as an economic powerhouse, attracting investment and driving demand for commercial real estate.

Variety of Commercial Real Estate Options

Whether you're dreaming of a sleek downtown office space or a sprawling suburban warehouse, Atlanta has it all. Our diverse portfolio of commercial properties caters to every need and aspiration, ensuring that your business finds its ideal home amidst our dynamic landscape. Additionally, Atlanta boasts mixed-use developments that combine retail, office, and residential spaces, providing a dynamic environment for work, leisure, and living.

Affordability

Atlanta's commercial real estate market offers affordability without compromising quality. Compared to other major cities, our rates are competitive, allowing businesses to stretch their resources further and invest in their growth with confidence.

Supportive Business Environment

At the heart of Atlanta lies a community dedicated to your success. From government incentives to bustling networking events, our city pulls out all the stops to support businesses of every size and sector. In Atlanta, your success isn't just a goal; it's a shared mission.

Conclusion

Atlanta isn't just a city; it's a promise of growth, opportunity, and success. With its strategic location, diverse industries, booming economy, expansive property options, affordability, and unwavering support for businesses, Atlanta stands as the ultimate destination for commercial real estate ventures. So why wait? Contact us today and allow Stratus help your business dreams come to life amidst a landscape brimming with possibilities!

[dkaufmandevelopment]

Must-know real estate trends driving the market in 2023. The emerging trends in real estate that you can't ignore.

The Emerging Trends in Real Estate report, produced by PWC and The Urban Land Institute (ULI), has been the dominant voice in reporting the future of the industry for more than 40 years. 

Given the market upheavals in the years since the COVID-19 pandemic, looking forward and analyzing trends is more important than ever. We’ve combed the report to bring you the highlights and can’t-miss information that will impact your business in 2023. 

The pace is slowing

In 2021 and a portion of this past year, real estate was moving at a record-setting speed. Homes were selling in hours, above asking and for cash. In 2023, however, expect the rate of the market to continue the slow-down seen in late 2022. 

The days a home is on the market will continue to rise, there may be more negotiation over price — though average home prices are expected to stay high, at 30% more expensive than in 2019 and earlier— and rising interest rates will continue to make some buyers wary. 

Remote work affects many facets of the industry

The continuation of remote work has impacts on the commercial real estate industry as well as the residential real estate side. For commercial, companies continuing to work remotely may give up their empty office spaces or downsize, leaving large swaths of commercial buildings empty for repurposing. 

On the residential side, working from home means that employees may be changing their geographic location, and looking for bigger homes with dedicated office spaces. They may also prioritize homes that are environmentally friendly, in an effort to lower electric or internet bills despite spending more time at home. The report estimates that less than half the workforce is going into an office for the full work week. 

Climate change impacts buyer behavior 

Extreme weather and climate-based events are a common occurrence and while it may not be immediately obvious how climate change affects real estate, there is truly no bigger influence than the climate. 

Extreme weather includes flooding, fires, hurricanes, tornadoes and other natural disasters. More and more often, homebuyers are avoiding areas of the country that put them at high risk of encountering one of these disasters. 

Not only do people not want to live in a high-risk area, but they don’t want to pay the high-risk insurance or energy costs either. Homeowners in Florida, or other low-lying areas, must pay for flood insurance to protect against hurricanes. And, homeowners in Arizona, or other desert climates, are paying astronomical electric bills to stay cool in the summer. In 2023 and beyond, temperate and low-risk areas will see an increase in out-of-state homebuyers looking for a more even-keel environment. 

Markets to watch: 

Also included in this year’s report was a list of the top markets to watch for real estate growth. These cities are: 

Nashville, Tenn.

Dallas – Fort Worth

Atlanta

Austin, Texas

Tampa, Fla. 

Raliegh, N.C.

Miami

Boston

Pheonix, Ariz.

Charlotte, N.C.

Among many notable characteristics of these popular cities is their location; nearly every city in this list is in the Sun Belt. None of these cities include the typical heavy hitters: New York, Chicago and Los Angeles, proving that the trend towards mid-sized, more affordable cities will continue into 2023. 

However, the influx of both residential and commercial activity in these areas may disrupt the market patterns these cities have been accustomed to. Rising prices, changing demographics and new infrastructure await them. 

2023 is going to be a challenging year for all housing industry professionals but with an eye on the emerging trends, a flexible attitude and a willingness to adapt, real estate agents will weather this storm and come out on the other side better for it. 

For an even deeper dive into these topics, you can read the full report, here. Have any predictions or concerns going into 2023? Comment below. 

[datascraping001]

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[newstfionline]

Headlines

Protests, police and the use of force (NYT) Demonstrations continued across the United States on Sunday amid growing concern that aggressive law enforcement tactics intended to impose order were instead inflaming tensions. Videos showed police officers in recent nights using batons, tear gas, pepper spray and rubber bullets on protesters, bystanders and journalists, often without warning or seemingly unprovoked. The footage, which has been shared widely online, highlighted the very complaints over police behavior that have drawn protests in at least 75 cities across the United States. In Salt Lake City, officers in riot gear shoved a man with a cane to the ground. In Brooklyn, two police S.U.V.s plowed into a crowd of protesters. In Atlanta, police officers enforcing a curfew stopped two college students in a car, fired Tasers on them and dragged them out of the vehicle. And in Minneapolis, where there have been six consecutive nights of protests and clashes, a video appeared to show officers yelling at people on their porches to get inside and then firing paint canisters at them. “Light them up,” one officer said.

Deadly police raid fuels call to end ‘no knock’ warrants (AP) It’s the stuff of nightmares: Breonna Taylor and her boyfriend were in bed when a trio of armed men smashed through the front door. Gunfire erupted, killing the 26-year-old black woman. The three men turned out to be plainclothes police detectives, one of whom was wounded in the chaos and violence that March night. Taylor’s death led to protests and a review of how Louisville police use “no knock” search warrants, which allow officers to enter a home without announcing their presence, often in drug cases to prevent suspects from getting rid of a stash. Taylor’s name is one of those being chanted during nationwide protests decrying police killings of black people.

SpaceX capsule docks at ISS carrying US astronauts (WSJ) Elon Musk’s SpaceX on Sunday successfully docked a company-owned capsule carrying a pair of NASA astronauts with the International Space Station, capping a weekend of notable accomplishments that opened a new chapter in commercial space endeavors. Nineteen hours after a Falcon 9 rocket lifted off Saturday from Florida on a historic voyage featuring the first-ever private spacecraft to attain orbit with people on board, astronauts Doug Hurley and Bob Behnken made more history. They monitored the stately, automated rendezvous of their Crew Dragon capsule with the orbiting international laboratory 250 miles above earth, linking up at 10:16 a.m. ET to mark a new industry-government partnership aimed at revitalizing U.S. space ambitions.

Ambassadorships to the highest bidder (Foreign Policy) The United States is quite unique among major democracies in its custom of giving coveted ambassadorships to the highest bidder. Although it’s a bipartisan practice, the Trump administration has set a new record in the proportion of ambassadorial roles going to donors over career diplomats. Roughly 44 percent of Trump administration ambassadors have come from political appointments, versus the historical average of 30 percent, according to the American Foreign Service Association. Under U.S. law, career diplomats must outnumber political appointees in ambassadorial roles. That balance is under threat, with 57 percent of ambassador nominations this year going to political appointees.

The pandemic is making people reconsider city living, trading traffic for chickens (Washington Post) For 49 years, Jinky Demarest de Rivera has lived and thrived in dense, vibrant cities. The nonprofit finance director grew up in Manhattan and for the past 16 years has made a home in Oakland, where they live with their wife, Sara Demarest de Rivera, and dog, Onyx. Now the family is packing everything up for a large house in New York’s rural Hudson River Valley with enough room for chickens. Two months of sheltering in place in their rented two-bedroom apartment gave the pair some unexpected clarity about what was important to them. And new policies letting them work remotely indefinitely at their respective jobs gave them an opportunity to do something about it. They wanted to be closer to their aging parents on the East Coast, and saw no hope of ever owning in one of the most expensive real estate markets in the country. They aren’t the only ones making a big move. After months of forced stillness, unable to make many major decisions or follow through on some already planned, people are jumping into one of the biggest life changes there is and moving out of cities. For some, it’s a chance to be closer to family, which feels more urgent in the midst of a global health scare. For a large swath of people in the country’s most expensive cities, it’s a way to get more living space and be closer to nature, something increasingly made possible by the growing trend of remote work. And for many others it’s not really a decision at all, but a necessity in the face of growing job losses and still sky-high rents.

US declares a vaccine war on the world (Asia Times) “The United States and the UK were the only two holdouts in the World Health Assembly from the declaration that vaccines and medicines for Covid-19 should be available as public goods, and not under exclusive patent rights. The United States explicitly dissociated itself from the call for a patent pool, talking instead of ‘the critical role that intellectual property plays”—in other words, patents for vaccines and medicines.

Tropical storm kills 17 in El Salvador and Guatemala (AP) Rains from Tropical Storm Amanda left at least 17 dead and seven missing while causing extensive damage across El Salvador and Guatemala that pushed thousands of people into shelters amid the coronavirus pandemic. EL Salvador Interior Minister Mario Durán said Monday some 7,000 people were scattered across 154 shelters. He said a quarter of the rain that the country normally receives in a year fell in 70 hours. That set off landslides and flooding, especially in the western part of the country. Amanda pounded El Salvador with rain for days before moving ashore as a tropical storm on Sunday and pushing across Guatemala.

Nicaragua Becomes a Place of Midnight Burials (NYT) Just hours after Yamil Acevedo died in a hospital, funeral home workers in hazardous materials suits strapped his coffin to the back of a pickup truck, drove it to a cemetery and buried him in the dark of night. Across Nicaragua, families are being forced to hold these “express burials,” rushed funerals at all hours of the night, without time to call a priest or to buy flowers. The services are happening so fast, and in such a haphazard fashion, that relatives worry terrible mistakes are being made. “The doctor said, ‘If you can bury him as soon as possible, do it,’” said Amani Acevedo, Mr. Acevedo’s daughter. “I don’t know that the person in that coffin was even him.” The signs are everywhere that the coronavirus is raging across Nicaragua. But the Nicaraguan government insists it has the virus firmly under control, with the lowest Covid-19 death toll in Central America.

Grand Bazaar, cafes open and flights resume as Turkey eases up (Reuters) Flights and car travel resumed between Turkey’s big cities on Monday while cafes, restaurants and Istanbul’s Grand Bazaar reopened in the country’s biggest step to ease restrictions taken to contain the coronavirus pandemic. Traffic levels jumped in the commercial hub of Istanbul, with many Turks returning to work as the government sought to revive an economy hit hard by the pandemic. Employees of government offices and public facilities joined the many factory workers who restarted last month.

China and India Brawl at 14,000 Feet Along the Border (NYT) High in the Himalayas, an enormous fistfight erupted in early May between the soldiers of China and India. Brawls at 14,000 feet along their inhospitable and disputed frontier are not terribly unusual, but what happened next was. A few days later, Chinese troops confronted Indian soldiers again, this time at several other remote border points in the Himalayas, some more than 1,000 miles apart. Since then both armies have rushed in thousands of reinforcements. Indian analysts say that China has beefed up its forces with dump trucks, excavators, troop carriers, artillery and armored vehicles and that China is now occupying Indian territory. No shots have been fired, as the de facto border code dictates, but the soldiers have fought fiercely with rocks, wooden clubs and their hands in a handful of clashes. In one melee at the glacial lake Pangong Tso, several Indian troops were hurt badly enough that they had to be evacuated by helicopter, and Indian analysts said Chinese troops were injured as well. Nobody thinks China and India are about to go to war. But the escalating buildup has turned into their most serious confrontation since 2017 and may be a sign of more trouble to come as the world’s two most populous countries increasingly bump up against each other in one of the bleakest and most remote borderlands on earth.

In China, U.S. protests a hot topic on state, social media (Reuters) Chinese state media is giving extensive coverage to violent protests roiling cities across the United States, while the unrest has also featured widely in Chinese social media. CCTV featured reports from one of its reporters running with protesters in Minnesota, as well as short videos shot by Americans depicting police violence against protesters. On China’s social media platform Weibo, at least five news items on the protests were among the top 20 trending topics by midday, led by reports Trump had been temporarily taken to a bunker as protesters surrounded the White House. “The number one thing they want to show is that the Communist Party is doing a better job in terms of fighting the coronavirus and managing society,” said Alfred Wu, associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore. “That’s the main message: the U.S. is not doing good.”

Gantz apologizes for the killing of Palestinian man (Foreign Policy) Israeli Defense Minister Benny Gantz has apologized after Israeli security forces shot and killed Iyad Halak, a Palestinian who was autistic, in Jerusalem’s Old City on Saturday. “We are really sorry about the incident in which Iyad Halak was shot to death and we share in the family’s grief,” Gantz said. Israeli police said they opened fire after they saw a suspect with a “suspicious object” who didn’t stop when ordered to. Police later confirmed that they found no weapon. Palestinian officials denounced the killing as a “war crime” and an “execution.” The killing led to demonstrations over the weekend in Jerusalem and Tel Aviv, with some participants holding signs tying the killing to that of George Floyd in the United States.

[justforbooks]

Tom Wolfe, Innovative Nonfiction Writer and Novelist, Dies at 88

Tom Wolfe, an innovative journalist and novelist whose technicolor, wildly punctuated prose brought to life the worlds of California surfers, car customizers, astronauts and Manhattans moneyed status-seekers in works like “The Kandy-Kolored Tangerine-Flake Streamline Baby,” “The Right Stuff” and “Bonfire of the Vanities,” died on Monday in a Manhattan hospital. He was 88.

He had lived in New York since joining The New York Herald Tribune as a reporter in 1962.

In his use of novelistic techniques in his nonfiction, Mr. Wolfe, beginning in the 1960s, helped create the enormously influential hybrid known as the New Journalism.

But as an unabashed contrarian, he was almost as well known for his attire as his satire. He was instantly recognizable as he strolled down Madison Avenue — a tall, slender, blue-eyed, still boyish-looking man in his spotless three-piece vanilla bespoke suit, pinstriped silk shirt with a starched white high collar, bright handkerchief peeking from his breast pocket, watch on a fob, faux spats and white shoes. Once asked to describe his get-up, Mr. Wolfe replied brightly, “Neo-pretentious.”

It was a typically wry response from a writer who found delight in lacerating the pretentiousness of others. He had a pitiless eye and a penchant for spotting trends and then giving them names, some of which — like “Radical Chic” and “the Me Decade” — became American idioms.

His talent as a writer and caricaturist was evident from the start in his verbal pyrotechnics and perfect mimicry of speech patterns, his meticulous reporting, and his creative use of pop language and explosive punctuation.

“As a titlist of flamboyance he is without peer in the Western world,” Joseph Epstein wrote in the The New Republic. “His prose style is normally shotgun baroque, sometimes edging over into machine-gun rococo, as in his article on Las Vegas which begins by repeating the word ‘hernia’ 57 times.”

William F. Buckley Jr., writing in National Review, put it more simply: “He is probably the most skillful writer in America — I mean by that he can do more things with words than anyone else.”

From 1965 to 1981 Mr. Wolfe produced nine nonfiction books. “The Electric Kool-Aid Acid Test,” an account of his reportorial travels in California with Ken Kesey and his Merry Pranksters as they spread the gospel of LSD, remains a classic chronicle of the counterculture, “still the best account — fictional or non, in print or on film — of the genesis of the ’60s hipster subculture,” the media critic Jack Shafer wrote in the Columbia Journalism Review on the book’s 40th anniversary.

Even more impressive, to many critics, was “The Right Stuff,” his exhaustively reported narrative about the first American astronauts and the Mercury space program. The book, adapted into a film in 1983 with a cast that included Sam Shepard, Dennis Quaid and Ed Harris, made the test pilot Chuck Yeager a cultural hero and added yet another phrase to the English language.

At the same time, Mr. Wolfe continued to turn out a stream of essays and magazine pieces for New York, Harper’s and Esquire. His theory of literature, which he preached in print and in person and to anyone who would listen was that journalism and nonfiction had “wiped out the novel as American literature’s main event.”

After “The Right Stuff,” published in 1979, he confronted what he called “the question that rebuked every writer who had made a point of experimenting with nonfiction over the preceding 10 or 15 years: Are you merely ducking the big challenge — The Novel?”

‘The Bonfire of the Vanities’

The answer came with “The Bonfire of the Vanities.” Published initially as a serial in Rolling Stone magazine and in book form in 1987 after extensive revisions, it offered a sweeping, bitingly satirical picture of money, power, greed and vanity in New York during the shameless excesses of the 1980s.

The action jumps back and forth from Park Avenue to Wall Street to the terrifying holding pens in Bronx Criminal Court, after the Yale-educated bond trader Sherman McCoy (a self-proclaimed “Master of the Universe”) becomes lost in the Bronx at night in his Mercedes with his foxy young mistress. After running over a black man and nearly igniting a race riot, he enters the nightmare world of the criminal justice system.

Although a runaway best seller, “Bonfire” divided critics into two camps: those who praised its author as a worthy heir of his fictional idols Balzac, Zola, Dickens and Dreiser, and those who dismissed the book as clever journalism, a charge that would dog him throughout his fictional career.

Mr. Wolfe responded with a manifesto in Harper’s, “Stalking the Billion-Footed Beast,” in which he lambasted American fiction for failing to perform the time-honored sociological duty of reporting on the facts of contemporary life, in all their complexity and variety.

His second novel, “A Man in Full” (1998), also a whopping commercial success, was another sprawling social panorama. Set in Atlanta, it charted the rise and fall of Charlie Croker, a 60-year-old former Georgia Tech football star turned millionaire real estate developer.

Mr. Wolfe’s fictional ambitions and commercial success earned him enemies — big ones.

“Extraordinarily good writing forces one to contemplate the uncomfortable possibility that Tom Wolfe might yet be seen as our best writer,” Norman Mailer wrote in The New York Review of Books. “How grateful one can feel then for his failures and his final inability to be great — his absence of truly large compass. There may even be an endemic inability to look into the depth of his characters with more than a consummate journalist’s eye.”

“Tom may be the hardest-working show-off the literary world has ever owned,” Mr. Mailer continued. “But now he will no longer belong to us. (If indeed he ever did!) He lives in the King Kong Kingdom of the Mega-bestsellers — he is already a Media Immortal. He has married his large talent to real money and very few can do that or allow themselves to do that.”

Mr. Mailer’s sentiments were echoed by John Updike and John Irving.

Two years later, Mr. Wolfe took revenge. In an essay titled “My Three Stooges,” included in his 2001 collection, “Hooking Up,” he wrote that his eminent critics had clearly been “shaken” by “A Man in Full” because it was an “intensely realistic novel, based upon reporting, that plunges wholeheartedly into the social reality of America today, right now,” and it signaled the new direction in late-20th- and early-21st-century literature and would soon make many prestigious artists, “such as our three old novelists, appear effete and irrelevant.”

And, added Mr. Wolfe, “It must gall them a bit that everyone — even them — is talking about me, and nobody is talking about them.”

Cocky words from a man best known for his gentle manner and unfailing courtesy in person. For many years he lived a relatively private life in his 12-room apartment on the Upper East Side with his wife, Sheila Wolfe, a graphic designer and former art director of Harper’s magazine, whom he married when he was 48 years old, and their two children, Alexandra and Thomas. All survive him.

Every morning he dressed in one of his signature outfits — a silk jacket, say, and double-breasted white vest, shirt, tie, pleated pants, red-and-white-socks and white shoes — and sat down at his typewriter. Every day he set himself a quota of 10 pages, triple-spaced. If he finished in three hours, he was done for the day. “If it takes me 12 hours, that’s too bad, I’ve got to do it,” he told George Plimpton in a 1991 Paris Review interview.

For many summers the Wolfes rented a house in Southampton, N.Y., where Mr. Wolfe continued to observe his daily writing routine as well as the fitness regimen from which he rarely faltered. In 1996 he suffered a heart attack at his gym and underwent quintuple bypass surgery. A period of severe depression followed, which Charlie Croker relived, in fictional form, in “A Man in Full.”

As for his remarkable attire, he called it “a harmless form of aggression.”

“I found early in the game that for me there’s no use trying to blend in,” he told The Paris Review. “I might as well be the village information-gatherer, the man from Mars who simply wants to know. Fortunately the world is full of people with information-compulsion who want to tell you their stories. They want to tell you things that you don’t know.”

The eccentricities of his adult life were a far cry from the normalcy of his childhood, which by all accounts was a happy one.

Daily inspiration. Discover more photos at http://justforbooks.tumblr.com

[bettydgunter90]

Empty Downtown Offices: America’s Next Hot Apartment Trend?

During the pandemic, U.S. workers turned their homes into offices. Now, office buildings turned into homes could be a major real estate trend.

Remote work emptied office buildings across the country. Commercial vacancy rates are higher than they’ve been in years. Developers are ready to convert vacant office buildings into homes and mixed-use developments. This brings American downtowns back to their historical roots. And it makes these neighborhoods more accessible for residents.

The rise of remote work during the COVID-19 pandemic led to the emptying of office buildings. It changed the atmosphere and character of downtowns across the U.S. overnight.

As more workers stayed home, their former office buildings stood empty. The most recent Cushman & Wakefield MarketBeat report revealed that 17.2 percent of U.S. office buildings were empty during the second quarter of 2021. This is the highest vacancy rate since it peaked at 17.3 percent in the third quarter of 2010.

Another 18 markets reported office building vacancy rates above 20 percent. That’s up from 12 markets during the first three months of 2021. Every region of the country is affected, from Brooklyn and Philadelphia in the east to Los Angeles and San Francisco in the west. Houston, Chicago, Atlanta, Denver, Dallas, Cincinnati, and Minneapolis also report high vacancy rates.

By the end of 2020, 137 million square feet of office space was available for sublease, according to the CBRE Group. That’s the largest number since 2003 — and an increase of 40 percent from 2019. Yet, commercial rents are still going up.

“Despite rising vacancy, national asking rents continued to increase, up 0.9 percent quarter-over-quarter as landlords have been reticent to drop top-line rents and new construction has been coming online at higher-than-average prices,” explained the Cushman & Wakefield MarketBeat report.

That’s bad news for business owners. But it’s good for renters who want a unique place to live. That’s because empty or overpriced office buildings can become new homes.

Taking an existing office building and turning it into a home is an example of adaptive reuse. Adaptive reuse means converting an existing building into a different form. It then serves a new function.

The conversion of warehouse spaces in Manhattan in the 1960s kicked off the trend. But any type of building can transform in this way. With a little imagination, a hotel, school, church, factory, or office building can be turned into a home.

The structure can also become a mixed-use building. A mixed-use building combines residential, commercial, and community spaces. That means renters can live, eat and shop under one roof.

The benefits of converting office buildings into homes

Location is a key driver towards the trend of converting office buildings into residential communities.

Adaptive reuse can be environmentally friendly and sustainable. It remodels structures that already exist instead of using resources to build a new home. Improvements often make apartments more environmentally friendly. That’s important to renters who want to reduce their environmental impact.

Office buildings are already located in established neighborhoods. They’re close to services, transportation, and other amenities. So, renters can be part of the community from the moment they move in. A walkable neighborhood with accessible public transportation means residents can drive less. Some get rid of their cars altogether. That saves renters money and time. It’s great for the environment, too.

Downtown districts across the country suffered when the pandemic shut down offices. But neighborhoods that balance commercial and residential properties are bouncing back.

Renters love the convenience and the amenities of walkable urban centers. And combining commercial and residential properties can help build more diverse, resilient neighborhoods. So, why don’t developers take more unused offices and turn them into homes?

The answer is complex, but, in general, repurposing office buildings into apartments has a few specific construction challenges including building codes and higher costs.

Adaptive reuse won’t end the affordable housing shortage that’s plagued the U.S. for decades. And not every office building can be turned into a home. But converting some unused offices into apartments gives empty buildings new life.

American downtowns were created as mixed-use zones. A mix of commercial and residential spaces sustained U.S. cities through the pandemic. Sustainable, adaptive reuse projects can help neighborhoods thrive in the future, as well.

For more on this trend, visit: https://www.rent.com/blog/empty-office-building-turned-into-homes-next-apartment-trend/

    The post Empty Downtown Offices: America’s Next Hot Apartment Trend? appeared first on Think Realty | A Real Estate of Mind.

from Real Estate Tips https://thinkrealty.com/empty-downtown-offices-americas-next-hot-apartment-trend/