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Taxes & Mortgages

Are Millennials Willing to Spend Most of Their Income on Housing?

October 13, 2014 by Jim Russell

Millenials and Housing Costs

"In a 10-city study released Monday, Cushman finds that the explosion of new offices and condos in downtown cores is taking place from Mexico City to New York, Chicago and Washington, driven largely by millennials keen to live close to their work."[read more]

What the Largest Real Estate Development Project in the United States Looks Like

October 13, 2014 by Brandon Donnelly

US Real Estate Projects

Urban Land Magazine recently published an interesting article on the Hudson Yards project in New York, which is the largest private real estate development project ever undertaken in the United States. It is over 17 million square feet of commercial and residential space, and a $20 billion development project.[read more]

Our Mobile-Era Cities: Ecuador to Introduce its Own Digital Currency

October 12, 2014 by Future Cape Town

Technology and Digital Currencies

In December 2014, Ecuador will introduce its very own digital currency. Backed 100% by government and regulated by the central bank, this digital currency – which is yet to be named – will be the first centralized national currency in the world to function digitally, and be accessed using a mobile device.[read more]

The Urban Geography of Globalization: Global Neighborhoods

October 11, 2014 by Jim Russell

Globalization and Neighborhoods

I’m still chewing on Ryan Avent’s tweet about foreign real estate investment: “Housing in New York, London is attractive as an investment for outsiders because it’s scarce!” My read of his words, all else follows from the assumption that too much land use regulation makes the rent too damn high.[read more]

The Geography of Foreign Investment in Real Estate

October 9, 2014 by Jim Russell

Geography of Foreign Investment

 

Many cities such as New York, Boston, Montreal and Copenhagen have created public playgrounds by installing swings for their communities (both adults and children) to play with for leisure, making the public space a friendly and creative place to be. Ben Adler dares to be different.[read more]

Learning From, But Not Copying, New York's High Line

October 7, 2014 by Brandon Donnelly
1

New York High Line Legacy

The High Line Park attracts 5 million visitors a year and is believed to be directly responsible for about $2.2 billion in new economic activity. The increased tax revenues over the next 2 decades are expected to reach about $980 million. Without a doubt, the High Line has been a huge success.[read more]

Power to the Cities - but What About the Rest?

October 2, 2014 by Future Cape Town

Concentration of Urban Power

 

One week ago, Scotland nearly voted to go its own way, led by a win in Glasgow, the ‘Yes City’. Just as Scotland has found itself governed by political parties it did not vote for (Conservatives, in particular, hold just a single seat there), the UK’s fourth largest city now finds itself inside a union it voted to leave.[read more]

When Rent Control Goes Too Far

September 23, 2014 by Brandon Donnelly
2

Rent Control Excess

I was catching up with a friend of mine over coffee this morning and he was telling me about his recent trip to Porto, Portugal. The center of the city is a UNESCO World Heritage Site. But he was also telling me how eerie it was to see so many abandoned and decaying buildings.[read more]

The Demand for Character Office Space

September 19, 2014 by Brandon Donnelly

Office Space Demand

Recently, the Toronto Star published an article talking about the growing demand for character office buildings in submarkets outside of Toronto’s core. Specifically, it was talking about the Downtown West and Liberty Village submarkets (citing a report from CBRE).[read more]

Urban Housing: Rise of Rental

September 19, 2014 by Brandon Donnelly

Rental Properties

In the US, rental apartments as a share of all new housing is at record highs — over 30%. And that’s partly because credit remains tight (certainly compared to pre-2008) and economic growth has been tepid. But also because of demographic changes.[read more]

San Francisco's Mission District: The Controversial Gentrification

September 8, 2014 by Global Site Plans - The Grid
1

Gentrification in the Mission

 

A walk through San Francisco’s historic Mission District is typically charged with the activity of crowded sidewalk fruit markets, lively music, and the smells from taquerías and pupusas. While this energy is still present, it is steadily being muted by the invasion of San Francisco’s love and woe: the “techie.”[read more]

Public Consultation is Broken

August 30, 2014 by Brandon Donnelly

For new developments, the process works more or less like this: The developer makes an application to the city. The city reviews it and then agrees to move towards a public/community meeting. Once a date is set, notices go out, and the developer secretly hopes that no one will show up.[read more]