This Week in Real Estate Numbers
538k --> The number of multifamily units under construction in the US, raising questions over the asset class's sustainability.
80k SF --> The potential size of the National LGBT Museum that's now looking at New York City for potential funding and locations, as opposed to DC.
$400M --> The amount of money that St. Louis Rams players can bring to the LA residential market once they make the move to the West Coast.
180k SF --> The size of the Metropolitan Museum of Art's modern art wing, which will have a new design by British architect Sir David Chipperfield.
$4.9M --> The amount San Francisco is paying to host a week-long list of events for Super Bowl 50. Santa Clara, on the other hand, is having all of its costs covered by the NFL Host Committee.
100 --> The number of supertall (over 1,000 feet) skyscrapers in the world with the completion of 432 Park Ave in New York City.
17% --> The percentage of Airbnb hosts that rent out two residential properties year-round in 12 major US cities, according to new Penn State study.
$1.5B --> Harry Macklowe's residential conversion of One Wall Street, which was approved by New York City's Landmarks Preservation Commission this week.
40% --> The Basel Committee's suggested increase in amount of capital required for CMBS trading.
$215M--> The price tag for the 550k SF Bayhill Office Center in San Bruno that Google bought for its YouTube division.
$9.1M --> The amount of capital Rentlytics raised in its Series A funding round led by Walker & Dunlop, bringing total funding to $13.1M since launching 12 months ago.
$2M --> The amount raised by Fundrise in its second oversubscribed eREIT.
$657M --> Brookfield's offer to buy REIT Rouse Properties.
18k SF --> Grindr's new office space on the 14th floor of developer Charles S. Cohen’s RedBuilding at the Pacific Design Center in West Hollywood.
7% --> The expected rise in housing rents in the Bay Area, according to Marcus & Millichap's San Francisco office.
$1.4B --> The size of the seven-property real estate portfolio of an investment venture between MetLife and New York State Common Retirement Fund, the nation's third-largest public pension fund.
1,040 --> The number of available listings in Manhattan that cut their asking prices in the last four months of 2015, according to Compass analyst Bennett Rosnick. This was about 20% of the 5,120 properties on the market.
$18M --> The amount Google paid for the former Essex Property Trust HQ in Palo Alto.
154 --> The number of stores Walmart is closing in the US in order to focus on its larger stores and e-commerce.
$1B --> Cost of Jeff Gural's planned Meadowlands community that he plans to build despite the fact he doesn't have an Atlantic City casino license.
11.7% --> The drop in multifamily starts in December, which Newmark Knight Grubb Frank economist Bob Bach says isn't an indicator of a waning economy.