A new wave of nature-integrated hospitality is emerging as the next major trend in hotel development, according to Glenn Haussman, host of No Vacancy and longtime industry observer. “One of the things I’m seeing right now is outdoors, nature, sustainability as being the next big area,” Haussman says, pointing to a growing movement that’s reshaping ...
The travel economy is increasingly disconnected from broader economic conditions, operating as “almost a separate component than the overall general economy,” according to Glenn Haussman, host of No Vacancy and veteran hospitality industry analyst. Shifting Consumer Priorities Haussman argues that a fundamental shift in American consumer behavior is driving this decoupling. “Since the great recession in ...
A dramatic shift toward new construction is reshaping Florida’s real estate market, driven largely by buyers seeking to avoid escalating insurance costs on older properties, according to one local expert. “What we’re seeing is people, families want new construction, they want lower insurance,” says Olivia Catanese, team leader at Coldwell Banker‘s 30A division. “With these ...
A remarkable trend is emerging in Dearborn, Michigan, where local coffee shops are rapidly expanding into national franchise operations, according to Angela Fortino, Deputy Director of Economic Development at the City of Dearborn. “We are self-proclaimed the coffee capital. We have over 35 unique coffee roasting and cafe businesses,” Fortino says, highlighting how one local ...
Property expert says economic development initiatives are creating unexpected retail opportunities in secondary markets. A wave of semiconductor manufacturing investment is reshaping the retail landscape in unexpected corners of Texas, according to one leading retail property investor who sees these economic development initiatives creating compelling new opportunities. “Sherman is seeing tremendous investment from chip manufacturing ...
The path to acquiring distressed properties in New York City involves far more than just negotiating with banks, according to Sean Sedaghatpour, Principal of Elisheva Realty. He says success requires navigating a complex web of city agencies, violations, and regulatory requirements that can make or break a deal. The Hidden Regulatory Hurdles “In New York, ...
A veteran New Jersey real estate expert argues that determining the right listing price has become increasingly complex, with seller expectations often working against their own interests in today’s market. “The biggest challenge is that discussing and agreeing to a launch price with a seller is one of the biggest challenges,” says Mark Slade, CEO ...
Dearborn, Michigan is taking an unprecedented stance in industrial development by explicitly rejecting traditional logistics and manufacturing operations in favor of green technology, according to Angela Forino, the Deputy Director of Economic Development at City of Dearborn. “We do not want more trucking. We don’t want to increase emissions,” Fortino states, citing some of the ...
Vail’s luxury real estate market is being driven by more than just skiing, with international buyers and world-class cultural amenities creating year-round demand, according to a leading local broker. “There are certain times of the year, like around Easter, that you hear more Spanish on the streets than you do English,” says Mark Gordon, Owner/Broker ...
Veteran commercial real estate broker John Jay Schwartz, Managing Director of Have Site Will Travel – The Man With Square Feet, argues that local approval processes have fundamentally transformed real estate development, creating new complexities that demand a complete rethinking of project timelines and strategies. The New Reality of Local Approvals “If you’re talking about ...
Florida homebuyers obsessing over interest rates may be missing opportunities to build equity, according to a veteran broker who argues the focus on rates over prices could prove costly in the long run. “I don’t think they’re going to see the prices go down,” says Garrett Decker, Broker Associate at NextHome At The Beach. “I ...
Eastern Europe is emerging as an unexpected hotspot in the global luxury real estate landscape, with Romania leading the charge, according to a leading industry expert. “Romania has just been a very robust environment, 25 years as a developing country now, and the infrastructure there and the population looks amazing,” says Michael Jalbert, CEO of ...
The key to successful hostel operations lies in systematically obsessing over guest experience, not just providing affordable beds, according to Nathan St Cyr, Co-founder of Howzit Hostels, which achieved recognition as North America’s top small hostel within three years of opening. Breaking the Hostel Stereotype “We’re going to build this thing out and renovate this ...
Challenging long-held assumptions about real estate wealth creation, one industry leader argues that renting while investing the savings elsewhere may actually generate substantially better returns than traditional homeownership. Richard Ross, CEO of Quinn Residences, points to emerging research suggesting that renters who invest their housing cost savings could end up “$10,000 to $30,000 better off ...
A veteran DC-area real estate expert is challenging the way institutional investors view the DMV market, particularly their outdated perceptions of Arlington and other close-in suburbs. “I saw this during my time at Aetna,” says Chris Ott, now with the Keri Shull Team at eXp Realty, drawing on his experience managing a $400 million commercial ...
