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10 Must Reads for the CRE Industry Today (December 13, 2017)

(NREIonline) - 9 hours, 9 minutes ago...
 Mall owners are turning to courts for relief amid increasing occupancy concerns, according to the Wall Street Journal. The GOP’s tax proposal could help investors in the single-family rental home market, CNBC reports. These are among today’s top must reads from around the commercial real estate industry....
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Phoenix pays $500K for 20 parking spaces. Here's how it ties into a big new downtown development

(BIZ Journals) - 9 hours, 9 minutes ago...
 The Phoenix City Council approved a measure Wednesday to spend $500,000 to buy 20 parking spaces in downtown Phoenix. The deal is with real estate developer Hines Interests LP, according to city documents. “The developer has proposed to develop the undeveloped pad at Colliers Center with a high-rise, multi-family residential rental project. The pad is located at the southeast corner of the Colliers Center, near the corner of 3rd Street and Jefferson Street,” according to city docum...
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Mapped: Where San Jose building permits (and rents) are growing fastest

(BIZ Journals) - 9 hours, 9 minutes ago...
 The building boom and rent increases come ahead of Google's massive proposed campus in downtown San Jose. ...
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A metro Denver county sees one of nation's highest rent increases

(BIZ Journals) - 9 hours, 9 minutes ago...
 Broomfield County saw one of the greatest increases in gross rent nationally, according to a recent study from the U.S. Census Bureau. Over a five year period, the study said that the increase was $312 — from $1,105 to $1,417. To put that figure into perspective, the study found the nation overall saw a $21 increase in median gross rent. The data is accurate but not without caveats, said Mike Van Den Bosch, Broomfield County senior economic development specialist. He said that whi...
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The High End: New Rental Tower Rises Where Sonny Rollins Once Lived

(NY Times) - 1 days, 14 hours ago...
 The Lower East Side’s redevelopment continues with new rentals that start at $3,150 a month on the site of a tenement that was home to this saxophonist....
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Renters: Kew Gardens: Where New York Doesn’t Feel So Urban

(NY Times) - 1 days, 14 hours ago...
 A pair of composers find an affordable rental roomy enough for two pianos, two keyboards and a cat....
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Seattle's new Airbnb rules could push 700 short-term rentals back on the housing market

(BIZ Journals) - 1 days, 14 hours ago...
 A landlord can make more money renting out Airbnbs than by leasing units. But that moves apartments, condos or single-family homes off the housing market, worsening Seattle's lack of affordable housing. ...
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Meghan Markle's former Toronto rental hits the market

(Yahoo) - 1 days, 14 hours ago...
 Perhaps Meghan Markle was always meant to be a royal....
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Will San Diego finally adopt regulations legalizing Airbnb rentals?

(LA Times Real Estate) - 1 days, 14 hours ago...
 San Diego’s elected leaders on Tuesday will weigh two rival proposals for regulating the city’s thousands of short-term rentals, following years of heated debate. Short-term rentals on platforms like Airbnb are currently deemed illegal by the City Attorney's office.One proposal, drafted by four......
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Will San Diego finally adopt regulations legalizing Airbnb rentals?

(LA Times Real Estate) - 1 days, 14 hours ago...
 San Diego’s elected leaders on Tuesday will weigh two rival proposals for regulating the city’s thousands of short-term rentals, following years of heated debate. Short-term rentals on platforms like Airbnb are currently deemed illegal by the City Attorney's office.One proposal, drafted by four......
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