Buy land, they are not making it anymore – Mark Twain

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Foreign Investment in U.S. Real Estate Assets to Hit Record High

The wave of foreign capital flowing into U.S. real estate is poised for a record-setting year.

“We have strong inbound capital that we believe will see the U.S. exceed the previous peak of 2007 by year-end,” says Lucy Fletcher, vice president of international capital group and capital markets with real estate services firm JLL. As of mid-year, JLL estimates total cross-border investment in U.S. property at $24.1 billion, compared to the $23.6 billion recorded during the full year of 2014.

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The Phoenician Resort Sold for $400M

The Phoenician, a luxury resort at the base of Camelback Mountain that draws affluent vacationers and conventioneers from around the world, is going to get a major face-lift under new ownership. The 643-room resort, one of the largest in Arizona, was sold to Host Hotels & Resorts on Monday for $400 million.

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Opportunities for real estate investors seen even in markets with weak indicators

Publishers of a new book by former Housing Secretary Henry Cisneros say it offers an “innovative and nuanced” analysis of the potential for real estate investment in 45 metro areas with varied economic outlooks, revealing opportunities for investors even in metros with weak indicators.

“Urban Real Estate Investment: A New Era of Opportunity” mashes up performance indicators based on local economic and demographic trends with city-by-city rankings based on surveys and interviews with real estate professionals.

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What is “The Internet of Things” and What Does it Mean to the Average Household

Having been involved in the information systems industry for over 30 years now (ugh, I cannot believe it has been that long), I have seen the introduction and growth of many areas technologies that once were a novelty and now are common in every household. When I first started in IT, personal computers were in their infancy, cell phones did not exist and satellites were used by NASA not to obtain television reception.

One of the technologies many are hearing about today is the internet of things, aka IoT. Many people have asked me what is that and how will it impact me? I located the following article that I wanted to share as I think it explains this rather well and you don’t need to be a technology guru to understand it.

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What a property manager does in real estate

What exactly does a property manager do?

It’s a question I’m often asked by homeowners who are considering becoming landlords — especially at times when home sales are slow. In fact, I’m guessing that at some point one of your clients who is weighing selling versus leasing has asked you what a property manager does.

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