This Is The Meteor
A report from Crain's New York Business. "The city’s hotel industry is in free fall, as occupancy and room rates have plunged and a growing number of chains have shuttered locations due to the dramatic drop-off in business as a…
This Building And Buying Binge Looks Poorly Timed Today
A report from Bloomberg. "The U.S. housing market, which was headed for a hot spring-selling season, may not be so healthy after all. Some owners will choose not to list their properties until the crisis is over, fearful they won’t…
The Addictive Drug That Everybody Thinks Is Okay, Until It’s Not
A report from Realtor.com. "In sharp contrast with H1N1, COVID-19 comes at a time of contraction, after years of frantic expansion, with an economy on a slowing trajectory. Job creation, GDP, and consumer confidence are all decelerating but still at…
They Were Fine, They Were Luxury, They Were Great, But Look At Them Now
A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
Snapped Up Like Hotcakes By Investors In Previous Years, The Housing Sector Remains Poor
A report from the Times of London in the UK. "Almost 1,000 days after the Grenfell Tower fire killed 72 people, the fallout from 20 years of failed building regulations that allowed the disaster to happen is affecting every flat…
So Long As You’re Not The Last One Without A Seat When The Music Stops, You’ll Make Out OK
A report from Real Estate Weekly on New York. "The challenging market in Brooklyn has continued along a trend of gradual declines in prices and sales. Prices have fallen since this time last year across all unit types excluding co-ops,…
There Is A Lot Of Money Sloshing Around Looking For A Place To Land
A report from Skift on Vietnam. "Massive hotel and resort construction in Vietnam can easily elicit disbelief, and the ensuing dubiety or distrust. The view from Halong Bay until recently was still pristine. Today it’s a huge building site. The…