Urbanexus Update - Issue #50
I strive to understand what creates opportunities—and challenges—for real estate investment and sustainable community development. Learn about me at http://www.urbanexus.com/about-h-pike-oliver/.
Markets
Mountain resorts RCLCO's Mountain Resort Market Outlook focused on non-subsidized projects targeting local, non-luxury market-the deepest but hardest consumer group to serve in mountain towns.
Tech firms, millennials and “superstar” cities
As a new Brookings study shows, millennials are not moving en masse to metros with dense big cities, but away from them.
Hospitality transactions
A hotel selling spree in Washington, DC
Pebblebrook Hotel Trust (NYSE: PEB) has closed on the sale of Hotel Palomar Washington DC, a 335-room hotel located at 2121 P St. N.W. in Washington, D.C.’s Dupont Circle neighborhood. A week earlier, the company sold The Liaison Capitol Hill. And, according to Washington Business Journal, Pebblebrook is currently marketing three Kimpton-managed hotels it owns near Dupont Circle.
Getting things built
Construction's seven deadly sins
Quality assurance is essential for residential building, and the consequences of a poorly constructed home can be detrimental. Construction quality problems fall into two types—latent (long-term) and patent (short-term).
Density over time in the USA
Visualizing 200 Years of U.S. population density — www.visualcapitalist.com This animation shows the population density of U.S. counties between 1790 and 2010, showing the westward expansion of the country's population.
Taxation
Property taxes by state in the USA
Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates.
Environment and resiliency
Rare mega-storm could flood dozens of SoCal cities
U.S. Army Corps of Engineers warns that a flood control dam on the San Gabriel River would fail during an epic storm, jeopardizing over a million people. Go here to see the statewide scenario for such a storm.