Walmart’s Drone Deliveries Aim To Fly Groceries to Shoppers’ Homes at 65 MPH
Two Walmart Supercenters in Dallas-Fort Worth Plan To Use Alphabet's Wing Airborne Service Retail giant Walmart is teaming up for the first time with Wing, a subsidiary of Google parent Alphabet, to deliver goods by air to customers in the Dallas-Fort Worth area with...
Los Angeles Ordinance That Led to Thousands of New Homes Downtown May Expand Citywide
A Los Angeles ordinance that has a track record of creating downtown housing may be extended in coming months as the nation's second-largest city grapples with a worsening housing affordability crisis. The city's planning department has proposed expanding its adaptive...
Fundrise Unveils Its First Credit Fund To Help Fill Lending Gap
Washington, D.C.-based alternative asset manager Fundrise has formed its first fund focused on financing commercial real estate projects. The credit fund aims to raise $500 million and is designed to give individual investors access to opportunities emerging from...
First-Quarter Results Likely To Be the High Point of 2023 for Hotel Companies
Revenue Growth Rate Expected To Slow After Strong Start to the Year U.S. hotel industry revenue per available room in the first quarter was 16.7% higher than it was in the same quarter of 2022. This stronger-than-expected result was driven by a healthy average daily...
New Costco Design With Apartments Overhead Has Property Brokers Buzzing
Big Box Retail Chain Usually Isn’t a Ground-Floor Tenant in Multifamily Developments Costco, a retail chain known for cavernous buildings full of stacked goods, is working on a deal in Los Angeles that would put apartments full of potential customers on top of a...
Big Value Drop Could Be On The Horizon
Across the globe, more forecasts suggest a big drop in real estate values could be on its way. Bayes Business School in London indicated values need to fall between 25% and 30% to match today’s lending realities of tighter underwriting and higher costs. Just such a...