This example shows that every deal does not need to be perfectly wrapped with a bow on it. Uber has a vision, and these former Goldman executives shared the vision with investors and were extremely successful. -Mike Shustek (BLOOMBERG) Uber Technologies Inc. has found a way to tap debt markets when burning through billions of dollars of […]
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 […]
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 […]
(SPECTRUM LOCAL) Rochester city council will consider a plan promoted by Mayor Lovely Warren to sell three of Rochester’s eight downtown parking ramps to downtown developers. The proposal would produce $10.5 million in cash for the city. The administration says the city would also benefit by returning the ramps to the tax rolls and relieve […]
(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 […]
(THE GAZETTE) Traffic is choking the city, and despite decades of working on it, transit is still a time-consuming maze of buses, light rail, shuttles and trails. If you have a meeting, leave early. We can only hope moving people efficiently catches up faster than parking spots disappear. There’s a lot riding on it. Click […]
(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 […]
(STAR TRIBUNE) Another large mixed-use development could soon take the place of another surface parking lot in downtown Minneapolis. Sherman Associates intends to redevelop the parking lot that takes up most of the block near the Crooked Pint Ale House on Washington Avenue between 5th and Portland avenues. The firm wants to build a 22-story […]
(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 […]
Hong Kong (CNN) — Next time you’re griping about having to feed coins into a parking meter, spare a thought for drivers in Hong Kong, where a single parking space has just sold for $760,000. The 16.4 by 8.2 feet (5 by 2.5 meter) spot, attached to a fancy downtown apartment block, sold Tuesday for the local […]
