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Taxes & Mortgages

London Garage to Sell for £550,000

October 25, 2014 by Brandon Donnelly

London's Valuable Real Estate

A garage located in the Chelsea area of London measures about 11’ x 7’ and it’s expected to go for more than £550,000 at auction, which would make it the most expensive garage ever sold in the UK. The site area is 535 square foot, about the size of an average one bedroom condo in Toronto.[read more]

Seattle, the Incredible Shrinking City

October 22, 2014 by Jim Russell
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Seattle Shrinking?

Consider me a proponent of the micro-housing movement in Seattle. I support the anti-materialist aesthetic. Live where you want to live. Be willing to give up square footage to accomplish that goal. Unintentionally, this emergent residential pattern is commensal with the shifting economic geography of tech firms.[read more]

Comparing Apples to the Big Apple: Washington, D.C., Is More Expensive Than New York City

October 20, 2014 by Jim Russell

Comparing Urban Cost of Living

The Washington Post has some fun with a Bureau of Labor Statistics report about housing expenditures in the US. The initial headline, “It’s More Expensive to Live in D.C. Than New York, Study Says.” Then comes the social media controversy: “D.C. Is More Expensive Than New York? Twitter Reacts.”[read more]

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Why Are European States Refusing to Eco-Refit Their Public Buildings?

October 17, 2014 by David Thorpe

The European Commission has set a target for 3% of public buildings throughout the continent to be renovated to improve their energy efficiency every year. We all know this will save public money on energy bills. But most countries are dragging their feet. Why?[read more]

A Global City of Eds and Meds

October 15, 2014 by Jim Russell
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Urban Populations and Education

Concerning incomes without geographic limits, foreign buyers drive up rents in global neighborhoods. With a strong desire to live, work, and play in global neighborhoods, millennials commit more of their annual wage to shelter than others are willing to bear.[read more]

Walling in the One Percent: Protecting an 'Eco-City' from Sea Level Rise

October 14, 2014 by Future Cape Town

Building for the elites in Lagos

Lagos is one of the world’s largest coastal megacities and the most populous city in Africa. The financial capital and main port of the continent’s western region, it is considered a high risk area for coastal and urban flooding due to climate change and sea level rise, aggravated by the lack of adequate drainage.[read more]

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
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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]