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This Week in Real Estate Numbers

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$1.1T --> The size of Congress' new budget, including an extension of the controversial EB-5 program.

10.5% --> The increase in housing starts in November—and 16.5% higher than the same time last year. 

$190M --> The cost of the Ford Foundation Building's renovation. The 12-story, 287.5k SF office building needs several upgrades in order to meet current building codes.

$1B --> The amount Related raised for its second "opportunistic" real estate fund Related Real Estate Fund II.

$127.5M --> The total annual pre-tax revenues expected for the upcoming New York Wheel, according to developers Meir Laufer, Richard Marin and Andrew Ratner. That would top earnings at the Empire State Building’s famous observation deck by about $16M.

0.25% --> The Fed's long-awaited (and long-expected) interest rate hike, which came after months of debate and speculation.

$2.76T --> The current  outstanding commercial/multifamily mortgage debt after a $38B (1.4%) increase over Q3 '15. (MBA VP of CRE Research Jamie Woodwell says banks adding $32B in commercial loans made up 85% of the increase.)

$96B --> The amount of capital raised for global private equity funds through Nov. 23, a 13% increase from the same period last year.

3 --> The number of the US' biggest landlords—Sam Zell's Equity Residential, Avalon Bay Communities and Camden Property Trust—in talks with Airbnb to put their properties on its listings in order to get a cut.

100M --> The number of holiday travelers AAA expects this year. NYU’s Bjorn Hanson believes this will lead to the highest US hotel occupancy of “any year in history.”

61 --> The December level of the National Association of Home Builders/Wells Fargo sentiment gauge, which measures homebuilder confidence. The two-month drop comes as developers worry about the rising costs of labor and lots.

2:1 --> The current ratio of rent hikes to wage growth. According to the Labor Department, wages are up 1.8% and rent up 3.6%.

$5B --> The financing deal closed by Related for their Hudson Yards project in New York.

49k SF --> The office building Vantage Property Investors plans to add at PlayaJefferson, a Playa Vista office complex.

$127/ SF--> Midtown New York’s prime office occupancy costs, placing it as CBRE's 10th-most-expensive office market in the world.

$70B --> The total property sales in NYC’s commercial real estate market, putting it on track for a record-setting year.

43 --> The number of floors on LeFrak Organization's Ellipse tower in Jersey City. The Organization announced that the LeFraks broke ground on the project on Wednesday.

18.4% --> Downtown LA's current office vacancy. Although it's a drop from last year's 20.4%, it's still significantly higher than LA office vacancy overall, which was just 15.1% in Q3 '15.

$1.1M --> Manhattan’s projected median residential sale price for 2015, according to a new report from CityRealty. A 11% jump from last year’s $970k, this marks the first time that figure’s been above $1M.

$6B --> Blackstone's deal to acquire Chicago-based Strategic Hotels and Resorts, which finally closed this week.

5.2% --> The jump in Hilton Worldwide Holdings' shares following a report that the company plans to spin off its hotel properties into a REIT.

$7B --> The net worth of Fosun International Chairman Guo Guangchang, who was reported missing before resurfacing Monday at his company's annual meeting in Shanghai.

20% --> The percentage of Sam Zell's Equity Residential's portfolio sold in October, unloading 23,000 apartments for $5.4B. Another Sam Zell fund—Equity Commonwealth—has sold $1.7B this year.

1.8M SF --> The size of Izek Shomof's 10-story adaptive reuse project at the historic Boyle Heights Sears complex.

$450/SF --> The price Novel Property Ventures paid to acquire a six-story Prospect Heights rental building. Totaling $23.5M, the deal is one of the highest prices per SF paid for a property with rent-stabilized units in the neighborhood.