The health of local economies today will affect their ability to adapt and thrive in the automation age. Urban cores, the urban periphery of high growth metropolitan areas and niche cities (often small places that are scenic and/or where universities are located) are likely to have the strongest employment growth.
Charming Charlie, a women’s fashion and beauty chain based in Houston, filed for Chapter 11 bankruptcy on Thursday. It is the second time the retailer known for its colorful displays of jewelry, handbags, apparel and beauty products has filed for bankruptcy in less than two years. The company now plans to close all 261 of its remaining stores across 38 states.
The surge of development in Downtown Phoenix is not slowing down anytime soon. With the Cambria hotel coming at the end of this year accompanied by extensive remodels of three major hotels, we can expect just under 4,000 hotel rooms in the urban core by 2020.
A cleanup fiasco at the Hunters Point Naval Shipyard has paralyzed the city’s biggest redevelopment project, putting thousands of housing units on hold. But developer FivePoint (a Lennar spin off) is going ahead with big plans for its 280-acre property at nearby Candlestick Point.
Dublin, CA (San Francisco Bay Area) really shouldn’t be in such high demand. It’s a full 24 miles from Oakland, and another 16 miles from San Francisco. Its immediate region has its share of jobs and its share of amenities, but no one would mistake it for Silicon Valley. If California cities like San Francisco and Los Angeles acted more like their counterparts in Texas, where center cities are adding huge numbers of new residents (see Josh Stephen’s recent interview with the planning director of Fort Worth), alongside suburbs whose growth rates are in league with Dublin, housing costs would likely level off and the benefits of density might come to fruition.
It’s not just your neighbors getting in on the short-term rental game anymore. Apartment communities and multi-family developers across the country are finding ways to leverage the trend in new and lucrative ways.
Solara is the largest apartment community in the U.S. to achieve net zero distinction. The one and two bedroom multifamily development is located in Rotterdam, N.Y. This asset is family-owned and managed by David Bruns, president of Bruns Realty Group LLC.
The concept of laminating sheets of wood together with an adhesive dates back to the Egyptian pharaohs. But its widespread application in residential construction and interiors did not gain popularity until the 1930s when a chemist at the Harbor Plywood Corporation developed a waterproof adhesive.
Eurostat, the statistical agency of the European Union (EU) indicates that Paris is the largest metropolitan area in the EU, Switzerland and Norway, with 12.8 million residents, according to the latest estimates. This is slightly more than number two London — which may soon be outside the Union — with 12.4 million residents.