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Investment Analysis After Market Plunge

LAS VEGAS–(BUSINESS WIRE)–Michael Shustek, a leading real estate investment company executive, offers the following perspective after the stock market dive: “In times of transition, it is also a good idea to consider factors such as trade uncertainty. Until something positive is agreed upon with China, you may find solace in an asset more dependent on […]

Outlook for Real Estate with USMCA, The New NAFTA

LAS VEGAS–(BUSINESS WIRE)–Michael Shustek, a leading real estate investment company executive, sees this week’s United States-Mexico-Canada Agreement (USMCA) as a modernization of business practices that will result in immediate benefits providing a ripple effect for U.S. residents. “For our country, the USMCA deal should provide increased production, better employee wages and combined with real estate […]

Parking Lot Premiums: Denver Developers Pay Record Amounts for Surface Lots

(COSTAR) Rising demand for commercial real estate and a scarce supply of available land is driving surface parking lots in downtown Denver to sell at record prices as developers seek projects that won’t be restricted by existing buildings. In some cases, investors eager to develop ground-up apartments to capture growing interest from renters are paying […]

Will self-driving cars kill parking?

(TECHCRUNCH) Some people have postulated that autonomous ridesharing cars will never need to park and cities of the future will not need street parking, parking lots or parking garages. But parking is far from dead. In fact, the $100 billion market may be poised to grow. We’ve heard from parking startup founders that many Silicon Valley investors have rejected parking […]

With $24 million parking lot deal, Goldenberg Group mulls Market East development

(PHILLY.COM)  A co-owner of the massive parking lot at Eight and Market streets in Center City has a deal to buy an adjacent parcel from the city’s parking authority, with possible plans for a hotel, offices, and shopping at the consolidated property. The Philadelphia Parking Authority voted Tuesday to sell the 30,100-square-foot lot on the northwest corner […]