Urbanexus Update - Issue #58

REITs continue to rise with a return of 2.44% in March and 17.35% in Q1 2019. After a weak start to the year, large-cap REITs outperformed in March.

If you learn absolutely anything worthwhile while working in real estate, it’s the No. 1 rule. It’s all about location, location, location.

Across the USA, the arrival of white homeowners in places they’ve long avoided is jolting the economics of the land beneath everyone.

Nearly four-fifths (78 percent) of U.S. adults would consider residing in environments that offer housing, workplaces, shopping, dining and recreation within close proximity, according to the report, titled Mixed-Use Properties: A Convenient Option for Shoppers.

Amazon’s next big outpost could come to a city that wasn’t even among the finalists for the nationwide HQ2 search last year. Bellevue, across Lake Washington from Amazon’s major presence in the City of Seattle, is the birthplace of the 24-year-old behemoth, In recent months, this city has garnered the kind of interest from Amazon many cities crave. A projected 3.4 million square foot real estate footprint in Bellevue is enough to rival Amazon’s planned HQ2 presence near Washington, D.C.

Counties with the largest numeric growth are all located in the south and the west, with counties in Texas taking four out of the top 10 spots.