This Week in Real Estate Numbers
$3.7B --> Jeff Bezos' loss during this week's global selloff. Bezos was the hardest hit, with the top five richest men in the world losing more than $8.7B in one day.
17 miles --> The length of a proposed waterfront streetcar network that would run from Sunset Park, Brooklyn up to Astoria, Queens.
1 --> The number of minutes before the new year that Forest City Enterprises finished its long-awaited conversion to a REIT.
$3B --> The price tag for the proposed renovation of Penn Station, which will combine the train station and the neighboring Farley Post Office, into the "Empire Station Complex."
$500M --> General Motors' investment in Lyft. The new partnership creates a network that allows Lyft drivers who don't own cars to pick up rental cars they can then use to make money through the app.
$550k --> The relocation fee that the Oakland Raiders would have to pay if they wanted to move to LA. The team filed an application with the NFL this week to relocate.
40 --> The number of Macy's stores that is slated to close after the retail giant posted worse-than-expected holiday sales.
$83B --> Online retail's total haul during the 2015 holiday season, according to Adobe System estimates. Despite this lofty number, brick-and-mortar sales accounted for the majority of spending and returns.
$2B --> The size of a planned statewide initiative—called "No Place Like Home"—that will fight homelessness in CA. Pushed by bipartisan group of state senators, The proposal plans to use money from the Mental Health Services Act of 2004, Proposition 63 to fund the project.
$7.7B --> The price tag on Colony Starwood Homes merger that was completed this week. The fusion of Starwood Waypoint Residential Trust and Colony American Homes has become the third-largest owner of single-family rentals overnight.
$1B --> The amount NY Gov. Andrew Cuomo is giving for an expansion of the Jacob K. Javits Convention Center. The expansion will add 1.2M SF, the largest ballroom in the Northeast and a new, 500k SF contiguous exhibition space that can accommodate more events.
11 --> The number of retailer defaults in 2015. Despite being the most in six years, S&P credit analyst Robert Schulz says to expect even more defaults in 2016.
50k --> The number of units that NY Gov. Andrew Cuomo will order landlords who received J-51 tax benefits to re-register for rent protection, after court rulings that stated they were removed from the rolls illegally.
52% --> The percentage of investors expected to increase their cash in real estate, according to a Colliers survey.
$1.4T --> The 2014 land value of the island of Manhattan, according to economists from Rutgers University.
15.3M SF --> The amount of office space added by employers last quarter, bringing the total occupied to 42.4M SF for 2015. This is the largest quarter increase in office leases since 2007.
9.6% --> The potential increase in rent-controlled rents over the next two years.
14 acres --> The size of Disneyland's expansion for a new Star Wars attraction. This will be the largest expansion in the Anaheim theme park's history.
5.17% --> The CMBS delinquencies in December, totalling $1.6B, according to a Trepp report. Despite the drop, December's rate is an improvement over 2014's 5.75%.
1.95M --> The average home price in Manhattan, according to Elliman research.
$212M --> The loan Kuafu Properties has acquired from the Industrial and Commercial Bank of Chinahas to finance the JV's acquisition of part of Related Cos' and TIAA-CREFF's 1 MiMA Tower in Manhattan.
1,100 --> The height of the planned tower at 45 Broad Street. The 86-story tower is expected to have 245 residences, a swimming pool, a gym, and a lounge.
6K SF --> The size of the ground floor retail at Combined Properties' "The Crown" in LA. The development will also have 48 apartments and an outdoor patio.
14% --> The drop in sales of $10M+ Manhattan apartments from the same time last year.