This Week in Real Estate Numbers
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1.3M --> The number of new apartments Baby Boomers filled between 2007 and 2013, making them the largest demographic for multifamily properties.
66% --> The expected hotel occupancy rate in 2016 and 2017, according to PKF Hospitality Research.
$50B --> The amount of capital Chinese investors are expected to spend in US real estate in the next few years.
22% --> The percentage of retail property acquisition performed by REITs, according to Real Capital Analytics, the worst lull since '11. In 2014, REITs accounted for 33% of acquisitions.
$2B --> What Blackstone is paying for a 10,000-unit multifamily portfolio acquisition from Greystar.
$1B --> The price tag for the Golden State Warriors' Mission Bay arena development, which was just approved by the San Francisco Board of Supervisors.
$4.3B --> The amount of money the government could raise over the next decade if House Republicans' bill to stop REIT spinoffs passes.
82M SF --> The amount of retail space delivered in 2015, according to JLL Director of Retail Research James Cook.
167k SF --> The amount of space Paramount Group leased at 1301 Sixth Ave in Midtown.
4 --> The number of hours it took for Fundrise's new eREIT to sell out.
12% --> How much Staples' stock dropped after the FTC said no to the massive $6B merger with Office Depot.
43 --> The number of San Francisco apartment buildings owned by Angelo Sangiacomo's Trinity Properties. Angelo passed this week at the age of 91.
$38M --> The price tag of San Francisco's Vantaggio building's renovation. The building—purchased by RLJ Lodging Trust for $56.5M in 2013—will reopen as the Courtyard San Francisco Union Square Hotel.
$4.7B --> The amount of capital that Greenland Holdings, China’s biggest listed developer, is looking to raise in a private share placement.
1 km --> The height of Saudi Arabia's Jeddah Tower, which will be the world's tallest building.
$2.7B --> The size of the credit guarantee Fannie Mae will give to Blackstone and Ivanhoe Cambridgé's Stuyvesant Town-Peter Cooper Village deal.
$2.1B --> The projected sellout price for Extell Development's One Manhattan Square, which would set a record for Lower Manhattan.
$25.5B --> Airbnb's value after a $1.5B private funding round. This puts Airbnb just behind Uber and Xiaomi as the highest-valued startup in the world.
166 --> The number of units sold in Howard Cos and Related Cos' Island House on Roosevelt island.
$2.7B --> How much European property BlackRock plans to buy over the next three years.
$25M --> The amount of financial aid that the Port Authority and New York State is willing to donate in order to help jump-start construction at Silverstein Properties' 2 World Trade Center.