Tag: real estate

Sydney ‘Pencil Tower’ to Be Australia’s Skinniest Skyscraper

A local development organisation has submitted plans for Australia’s skinniest tower in Sydney’s CBD. With a frontage of just 6.4 metres wide, the hotel tower will stand at a height of 110 metres on Pitt Street. Plans for the 31-storey building were designed by Durbach Block Jaggers architects following an international design competition. The selected design…


US Contract Signings to Buy Homes Hits Record for December

SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Friday report. An index…


US Home Contract Signings Set Record High for December

SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Jan. 29 report. An…


Irvine Affordable Housing Development to Offset Hot Housing Market

To meet a growing demand for housing in Orange County’s strong market, a new affordable housing development in Irvine is underway. The Irvine Community Land Trust has almost completed its Salerno Apartments, which is scheduled to open in March. Located on the corner of Nightmist and Sand Canyon Avenue, the development will provide 80 units of affordable housing units for renters making no more…


China Insider: Defense Bill Orders U.S. Treasury to Probe Chinese Money Laundering

The U.S. Treasury Department will investigate the risks posed by China’s money laundering and develop a strategy to defend against it, as required by the National Defense Authorization Act of 2021.


Big City Flight Continues as Millennials, Gen Z Work Remotely: Report

Americans leaving the big cities due to CCP virus lockdowns is not just a temporary phenomenon, as young professionals are building homes in smaller cities and millennials are “finally nesting,” according to a report by a California-based commercial real estate firm. “In 2020, we saw an untethering of employees and their place of work unlike…


Pandemic’s Effects on Retail Weigh on Commercial Real Estate

As lockdowns and curfews ramp up across Canada, the retail sector’s struggles to adapt to the pandemic are playing a large role in determining what works and what doesn’t in commercial real estate.


US Home Sales Fell More Than Expected in November

WASHINGTON—U.S. home sales fell more than expected in November after five straight months of gains amid a shortage of properties and more expensive houses, but the housing market remains underpinned by record-low mortgage rates. The National Association of Realtors said on Dec. 22 that existing home sales fell 2.5 percent to a seasonally adjusted annual…