How Puerto Rico's Real Estate Can Bounce Back After Hurricane Maria
October 4, 2017

How Puerto Rico's Real Estate Can
Bounce Back After Hurricane Maria

Puerto Rico has been in financial crisis for a decade, and Hurricane Maria has devastated the economy for at least the next few months. But tax incentives in the commonwealth are so prevalent, and property values so low, that they have been luring major investors the past few years. Those factors could help the island bounce back.

Over the past 10 years, Puerto Rico has grappled with $73B in debt, an economic recession and waves of financial mismanagement. Residents of the island have struggled to find work, and the government defaulted on payments and went into bankruptcy this…

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Developers Challenged To Build 2-for-1 Homes And Donate 1

If Tom's Shoes can sell two pairs of shoes for the price of one and donate one of those pairs to a poor child, then certainly, developers could scale up that concept and build two-for-one houses. That is the idea behind Home4Home, which has a Miami-based developer challenging his peers to step up their charitable efforts in Latin America — and in turn, win customer loyalty.

“We are launching the program as we speak,” BH Investment Group founder Andres Klein said. Klein's projects include the development of the O Residences in Bay Harbor Islands and renovation of the Chase Bank building in Brickell. Before founding his own…

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Vegas Gunman's Real Estate Ties

Stephen Paddock, the gunman who killed at least 59 people and injured more than 500 in Las Vegas Sunday night, once owned a few properties in Texas. Although some news outlets (including the Associated Press) Monday referred to Paddock as…

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Dynamic Duo: Airbnb, WeWork Team Up To Tackle Business Travel

Co-working and home-sharing titans WeWork and Airbnb are teaming up to tackle the hotel market's bread-and-butter — business travel

The partnership between the two companies will allow business travelers booking rooms through Airbnb to secure a spot at a nearby WeWork office during their stay. It is unclear whether guests will pay a reduced price for the WeWork space or get…

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Automated Parking Systems Are Cost-Effective, Versatile And Space-Saving

PRESENTED BY:   CityLift Parking
 

Nationwide, land values and density in urban areas are increasing as viable plots for parking lots and garages dwindle. City policymakers and residents often agree traditional above-ground parking, while necessary, is aesthetically displeasing; meanwhile, developers are finding subterranean garages increasingly…

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The Beginner's Guide To CRE Tech: Making Sense Of The CRE Tech Landscape

As investors and venture capitalists pour billions into the next wave of property tech, it is spurring greater competition in an already congested market.

New tech concepts are popping up left and right, with VC funds having poured $1.37B into real estate tech startups in seed capital and Series A funding as of June 30 — and each is fighting for market share.

“Ultimately there's too much noise, that's the problem,” said Elliot Vermes, CEO of valuation and deal management platform redIQ

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Some hotel developers have begun looking to crowdfunding as an alternative for both fundraising and investment.

"[There is] a gaping need for financing. That's why people are starting to step into [crowdfunding], as are we,” RealtyShares Vice President and Head of Commercial Real Estate Debt Originations Bill Lanting said. 

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