The Week in Real Estate Numbers
6.4% --> Home Depot's increase in sales last quarter, its biggest gain this year. Meanwhile, other retail chains like Macy's and Dillard's struggled.
55k --> The number of units of housing in San Francisco's development pipeline.
64% --> The drop in construction permits from the same time last year. Don't be worried though, the original huge boost in permits was prompted by the end of a tax break and 2015 is still expected to be a record year.
2.9M --> The number of McDonald's shares that hedge fund manager Larry Robbins and his Glenview Capital Management sold after pushing for the company to pursue a REIT.
$140M --> The price tag of TIAA-CREF's contract on a third, fully leased and newly constructed warehouse in the Meatpacking District.
800k SF --> The size of the Durst Organization's Bjarke Ingels-designed 625 West 57th Ave, which just released a whole new set of renderings.
$100B --> The size of Blackstone's global portfolio, making it the largest real estate owner in the world.
3M --> The SF of commercial space added to New York City's Eighth Avenue in the last 10 years.
$12.2B --> The huge sum Marriott paid to buy Starwood Hotels & Resorts Worldwide and form the world's largest hotel company.
$253M --> The cost of the renovation at Terminal 3 at the San Francisco International Airport, which includes a 53k SF expansion of the 400k SF Terminal 3 East Concourse.
3.6% --> The raise in retail rents on Fifth Avenue (between 49th and 60th streets) from a year earlier, bringing it up to $3.5k/SF. This makes the street the most expensive place to lease retail space in the world for a second straight year.
4.8% --> The year-over-year increase in weighted average US industrial rents, as the market rockets toward record levels.
$3,391 --> The median rental price in Manhattan after a 4.5% jump. This marks a 21-month streak in increasing prices.
5.2% --> The drop in Macy's quarterly sales, causing a record 14% drop in shares, and forcing CFO Karen Hoguet to explain the disappointing quarter to investors.
$93M --> The price tag for MoMA's planned expansion at the former home of the American Folk Art Museum.
3 --> The number of reasons Morgan Stanley feels hoteliers shouldn't worry about Airbnb.
$325M --> The price for the Rockefeller Groups' renovation at the former Time & Life Building.
$1.5B --> The total sales for luxury real estate firm Allie Beth & Associates last year, before being acquired this week by Warren Buffett's affiliate HomeServices of America.
25% --> The percentage of Queens residents that pay at least half their rent to their landlord, making it the borough suffering the most with New York's rapidly rising rents.
59 --> The number of years New York City real estate legend and WTC-owner Larry Silverstein has been in the business.
70% --> The percentage of 432 Park Ave's 106 units that are under contract. The buyers of apartments at CIM Group and Macklowe Properties' impressive tower can finally start moving into their homes.
$232M --> The price tag for the proposed redevelopment of the Rancho San Pedro public housing project to a residential mixed-use with a commercial element.
300k --> The size of the California Resource Board's planned vehicle emission testing center in SoCal. The facility is expected to be a LEED Platinum Net Zero Energy facility.