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    Sierra Nevada: Why Spain should be top of your ski holiday wishlist – The Independent

    - January 7, 2020 by Mr HomeBuilder

    You see these big turns Im doing? Its because I like to feel the mountain. Otherwise you could be anywhere.

    Its one of countless pieces of ski wisdom imparted by instructor Pedro, all sweeping silver-streaked hair, nut-brown ski tan and infectious, deep-bellied laughter.

    Skiing is about so much more than going down fast. Its about the air on your skin, the sun on your face, the landscape.

    Sharing the full story, not just the headlines

    Itsironic to hear Pedro, a former downhill racer who competed in the Winter Olympics in Japan, preaching about slowing down. But hes quite insistent.

    He asks if Im up for an exercise I prepare for technique drills and inwardly sigh.

    The indoor swimming pool at Chalet Le Coquelicot

    The Firefly Collection

    The "adult swings" at Chalet Joux Plane

    The Firefly Collection

    The spacious master bedroom at Chalet Mont Tremblant

    The Firefly Collection

    The outdoor pool at Chalet Couttet

    The Firefly Collection

    Curl up and enjoy the view at Chalet Le Grenier

    The Firefly Collection

    The pool at Chalet Marco Polo

    The Firefly Collection

    One of the bedrooms at Chalet Quezac

    The Firefly Collection

    A dining area at Chalet Zermatt

    The Firefly Collection

    The view from the terrace at Chalet Le Grenier

    The Firefly Collection

    The Petit Palais party room

    The Firefly Collection

    The indoor swimming pool at Chalet Le Coquelicot

    The Firefly Collection

    The "adult swings" at Chalet Joux Plane

    The Firefly Collection

    The spacious master bedroom at Chalet Mont Tremblant

    The Firefly Collection

    The outdoor pool at Chalet Couttet

    The Firefly Collection

    Curl up and enjoy the view at Chalet Le Grenier

    The Firefly Collection

    The pool at Chalet Marco Polo

    The Firefly Collection

    One of the bedrooms at Chalet Quezac

    The Firefly Collection

    A dining area at Chalet Zermatt

    The Firefly Collection

    The view from the terrace at Chalet Le Grenier

    The Firefly Collection

    The Petit Palais party room

    The Firefly Collection

    Look up at the landscape while you ski, not down at the slope, not at the next turn, he says. Then tell me how you feel.

    This is more like it. I do as instructed and it turns out to be revelatory I cant remember the last time I properly looked around me while skiing. Part of what makes it such a heady experience is the surroundings: its not the French Alps nor even the rose-tinted splendour of the Italian Dolomites that I see. Instead, Im staring out from the Sierra Nevada mountain range near Granada. Here, the whole of southern Spain seems poured out before me, sun-scorched browns and greens stretching to the horizon from this snowy cloud.

    Doesnt it feel like youre flying? asks Pedro. Yes, yes it does.

    Sierra Nevada has views across southern Spain (Getty/iStockphoto)

    From the top point of the ski area, which has 110km of pistes (it somehow feels like much more), you can see all the way to the sea on a clear day its one of the very few resorts where you can ski in the morning and swim in the afternoon. Not that I can see me tearing myself away from this white-painted paradise for the beaches of Malaga, some two hours away by car, anytime soon.

    The sun beats down, the sky that untouchable cornflower blue that only seems possible in the mountains but somehow the snow is the best Ive ever experienced late season. It feels like witchcraft: the super high altitude (all runs are between 2,100 and 3,300m) means slopes are still smooth and powdery even in April. Id expected to be waterskiing by lunchtime, but if anything conditions are even more enjoyable as morning drifts into afternoon.

    Nearby hiking comes courtesy of Los Cahorros (Getty/iStockphoto)

    Feel that? Its like butter; like cream, Pedro grins.

    We take our time exploring the three sections of Sierra Nevadas ski area its as close to ambling as you can get on skis winding our way down nice and slow. As soon as we get away from the central thoroughfare, all is quiet, all is calm. Pedro stops us often, instructing me to take it all in: the landscape, the silence, the feel of the mountain beneath my feet. Its like Im on an unofficial mindfulness course.

    Skiing is all about enjoying yourself, not racing down, he adds for good measure, perhaps sensing a slight impatience from me to get going. Message received.

    Another instructor, Borja, teaches my partner (who has only skied once in his entire life), and does such a fine job of it that by 12pm Im getting a flurry of delighted texts about how much he now loves skiing. The next morning we foray to the nursery slopes minus the instructor, where we boil in our thermals and he shows off his smooth, controlled snowplough turns while I look on like a proud mother hen. The beginner area is extensive and ideal for learning, with three chair lifts that go up to a clutch of all-green runs from the main hub at the top of the gondola. Its the perfect first-time-back ski experience, especially when combined with a stay in our superior digs, El Lodge, where effortless ski and boot fitting from the inhouse equipment hire shop and on-call transfers to the gondolas serve to complement Sierra Nevadas warm temperatures and clear skies.

    The pool at Sierra Nevadas El Lodge (El Lodge)

    Our hard work earns us a San Miguel and a massive Greek salad with truffle fries on El Lodges sun deck come lunchtime. Then its time to swap skis for hiking boots Sierra Nevadas enviable position means we can nip down the mountain to Los Cahorros in under 30 minutes. Its a completely different world, as we trade in snow-covered slopes for eye-poppingly green fields, bright, jewel-like leaves and clear-as-can-be waterfalls cascading from on high. Guides Manu and Santos lead the way as we take on the trail, which feels like a mix of Lord of the Rings (very Rivendell meets the Shire) and Indiana Jones: we make our way over swinging rope bridges, cut under a giant fallen rock, and scramble around thin passes using metal hand-holds driven into the stone. It makes for a thrilling route. Bird song peppers our journey; climbers can be seen scaling the sheer rock faces.

    All this used to be under the sea, Manu translates for Santos, who keeps pressing unnecessary (but welcome) snacks into my hands as we go. Its chilling to imagine where were standing was once a deep underwater cave, but the fossils found here dont lie.

    All that walking earns me a sleep-inducing ritual at the spa back at El Lodge, 80 minutes where Im gently rubbed and stroked with warm oils until rendered rubber-legged and jelly-headed. Its all I can do to pour myself into the private hot tub on our balcony.

    Cosy ski style at El Lodge (El Lodge)

    That night we decide to fully indulge in some mountain food, ordering a raclette to share and taking it in turns to scoop thick, melted cheese onto plates brimming with raw mushrooms, broccoli, roasted tomatoes, bread, crisp cornichons and capers. I finish up with a chunky brownie webbed with salted caramel, and fall into bed on the edge of bliss. (Or gout. Who can tell?)

    I dont know whether its the skiing, the hike, the spa or the meal but I really do sleep like a baby that night. And when I wake, Im just as convinced: Sierra Nevada is as close as Ive ever come to ski resort perfection. You heard it here first.

    Ryanair, Jet2, EasyJet, Norwegian, Iberia and British Airways all fly direct from London to Malaga from 20 return.

    Doubles at El Lodge from 339, B&B

    ellodge.com

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    Sierra Nevada: Why Spain should be top of your ski holiday wishlist - The Independent

    The conundrum that affordable housing poses for the nation – Seattle Times

    - January 5, 2020 by Mr HomeBuilder

    The nation is in the grip of an affordable-housing crisis.

    A severe shortage of homes for working-class and low-income families is pushing up house prices and rents across the country, putting homeownership increasingly out of reach for many Americans and making rents so high that it is all but impossible for renters to save. With the presidential election fast approaching, the candidates should explain what they plan to do about it.

    Half of families who rent and nearly one-fourth of homeowners pay more than 30% of their monthly income toward their housing costs, a level widely considered unsustainable.

    After purchasing essentials, including food, clothing and utilities, the families have little left to cover the cost of health care, bridge the gap during a change in jobs or bear an unforeseen bill of any amount. And forget about saving for retirement or a childs education.

    Fueling the rapid rise in rent and house prices is a severe lack of housing supply.

    Nationwide, the percent of houses that are vacant has fallen to a more than 35-year low, translating into a shortfall of an estimated 1.6 million new houses.

    This gap is increasing by about 300,000 units each year, as builders are putting up close to 1.4 million new dwellings yearly, including single-family houses, apartments and manufactured housing. But the yearly demand for new housing, largely from new households and dwellings needed to replace those lost in natural disasters and to old age, is consistently near 1.7 million units.

    The entirety of this shortfall is for low- and middle-priced housing. The cost of constructing houses has risen significantly since the financial crisis and builders have struggled to make the economics work to construct housing that most Americans can afford.

    Soaring construction costs have been driven in part by a rise in local government fees and stiffer local zoning restrictions. During the real-estate bust a decade ago, real-estate prices and property-tax revenues evaporated, forcing many local governments to jack up permitting fees to make up the difference.

    Add to that often-tight local constraints on where and what one can build, and many of the communities that most desperately need affordable housing have rules in place making that housing almost impossible to provide.

    The Trump administrations immigration policies arent helping, as builders cant find the immigrant workers they need, driving up labor costs in the construction trades, particularly in the South and West, where demand for affordable houses is especially strong. Labor shortages in the transportation, distribution and manufacturing industries are also making home building more costly. And the cost of homebuilding materials has risen sharply, driven in significant part by the trade war and higher tariffs on imported steel, aluminum and other building materials.

    To cover these costs, builders have been focused on putting up houses in the top end of the market where they can still make a profit. The country has a glut of luxury apartments, high-end condos and large residences, and a dearth of workforce and affordable housing.

    As a result, in recent years prices for the lowest-priced houses have grown consistently twice as fast as prices for the highest-priced houses and exceed what many families of modest means can pay.

    This wouldnt be such a problem if wages kept up. But they havent. Recent census data show that while the median cost of rent and utilities is up 13% over the past nearly 20 years, median income is up less than 1 percent (both inflation-adjusted).

    The widening gap between the growth of wages and the cost of housing has put homeownership out of reach for more and more families, particularly families of color. The home-ownership rate for African Americans has fallen to a half-century low.

    This in turn is exacerbating the growing wealth gap. In generations past, the primary way lower- and middle-income households were able to build wealth was by owning a home.

    More than investing in the stock market, more even than investing in their 401(k) and other retirement accounts, the middle class built wealth through the simple act of paying their monthly mortgage. But with fewer families able to buy a house, and more renters spending so much of their income just to keep a roof over their heads, housing is increasingly more of a drain than a source of wealth building.

    The affordability crisis is also undermining labor mobility, another pillar of the American economy. Unlike in much of the rest of the world, Americans have historically been willing and able to move where there is economic opportunity. In todays economy, the best job opportunities are often in the nations big urban areas, but this is also where housing is least affordable.

    Many are thus faced with the Hobsons choice of long commutes, unaffordable housing or forgoing good jobs altogether. Paralyzed by this, Americans arent moving as much, and our economy is diminished as a result.

    And then it isnt hard to connect the dots between the affordability crisis and the mounting problem of homelessness. Homelessness is a complex problem with many causes, but it isnt surprising that the big cities in California and the Northeast have among the least-affordable housing markets and the largest number of homeless.

    An increasing number of communities, including ones in California, Oregon and New York, are responding to the affordability crisis by imposing rent controls. At best this is a short-term financial salve for struggling renters. At worst it may exacerbate the problem, by limiting the returns to builders and their incentive to construct more dwellings.

    What is needed instead are policies that reduce the cost of building houses more Americans can afford. Most obvious is beefing up the tried-and-true programs dedicated to reducing the cost of development, including the Low-Income Housing Tax Credit and the New Market Tax Credit. These tax breaks have proved effective in addressing precisely the supply problem at issue. But instead of expanding them, last years tax cut reduced their value to developers.

    The new Opportunity Zone tax credit, which provides tax incentives for investments in distressed neighborhoods, could also have a meaningful impact on the construction of affordable housing. But officials at all levels of government must do more to ensure that private investors target the neighborhoods that truly need the help.

    Tax incentives alone wont be enough, however. The Housing Trust Fund and Capital Magnet Fund, which were established in the midst of the financial crisis to finance more affordable housing, should be scaled up. The Housing Trust Fund provides money to state housing authorities for the development of affordable rental units.

    Housing authorities have flexibility in allocating these funds, because they are often in the position to assess how best to address their states affordability challenges. The Capital Magnet Fund provides financial support to Community Development Financial Institutions and other nonprofit developers for increasing the supply of affordable housing.

    Both of these programs have the infrastructure and flexibility necessary to scale up and get affordable housing where its most needed.

    Finally, communities should be given strong incentives to ease overly restrictive zoning and lower high fees for building houses. Critical federal funds for roads and other infrastructure should be tied to how well communities are addressing their needs for workforce and affordable housing. Community development block grants could also be tied to such metrics.

    However, policies to increase the supply of housing will take time to reap benefits. In the meantime, we need to ease the financial pressure on those hit hardest by the affordability crisis.

    This means fully funding the nations primary federal housing voucher program, as currently, three in four families eligible for such rental vouchers cant receive them. It would also make sense to increase the value of the vouchers to provide low-income families the chance to move to low-poverty, higher-opportunity neighborhoods. Doing so has been shown to boost lifetime earnings and open a window to escape poverty.

    More than a decade after the housing market took down the economy, the nation finds itself in the throes of a different kind of housing crisis. Its effects are subtler, and perhaps for this reason it has gone largely ignored.

    But the nation must address this housing crisis in earnest, lest an entire generation of families whose parents found in housing a critical path to building wealth, find it blocking the way.

    Some of the presidential candidates have put forth plans to address the affordable-housing crisis. Indeed, virtually every candidate putting forward a plan has taken on the supply side with admirable muscle. But none have put housing policy at the top of their political agendas.

    Given the depth of the affordable-housing crisis and the existence of good, practical ideas to address it, it is time for the candidates to give it the attention it deserves.

    Jared Bernstein, chief economist to former Vice President Joe Biden, is a senior fellow at the Center on Budget and Policy Priorities. Jim Parrott is a nonresident fellow at the Urban Institute and owner of Falling Creek Advisors. Mark Zandi is chief economist at Moodys Analytics.

    Excerpt from:
    The conundrum that affordable housing poses for the nation - Seattle Times

    A Solid Investment – Think Realty

    - January 5, 2020 by Mr HomeBuilder

    Mobile homes appreciate at rates on par with site-built homes.

    Most people think mobile homes cannot be a solid investment because they are simply too easy to acquire. They depreciate, right? In fact, as someone who has fix and flipped more than 500 units, I have had other investors tell me that they dont deal with trailer trash. Remember the adage: It is the man with a little knowledge who feels he knows everything and the man with a lot of knowledge who realizes how little he actually knows.

    Long has been the belief that mobile homes depreciate. For those who think there is an appreciation, they believe it is at a drastically slower rate than the site builds. They also believe they only appreciate if they are attached to land.

    In researching the up-to-date data released from the Federal Housing Finance Agency and disseminated by the Urban Institute, this assumption is finally challenged and ultimately thrown out. In fact, the opposite is true, and this could mean major changes regarding the affordable housing crisis plaguing the nation. The index for home price on manufactured and mobile homes is growing at an average rate of 3.4 percent annually. What about site-built homes? They were growing at an annual rate of 3.8 percent. However, in the last few years, the prices of manufactured homes and mobile homes increased faster than that of traditional housing/properties.

    One of the reasons these trends have been so misleading is that these houses arent as present in areas of the United States where the housing market recovery on a whole was more noticeable. These houses are more likely to be found in areas where recovery from the housing crisis was diminutive. California, for example, contains more than 17 percent of the entire U.S. housing market. Yet, in looking at the number of units shipped, only four percent of the manufactured housing market is represented in California.

    Headline areas those featured for having had a noteworthy boom from the housing market crash simply arent areas that mobile homes have occupied. This unintentionally excludes their rise, leaving them out of the picture to those who take news at face value and make assumptions without digging deeper.

    When comparing Texas, North Carolina, Louisiana, Florida, and Alabama to California, these states encompass 41 percent of the market for manufactured housing, but they have seen price appreciation increase at a slower rate than it has on average nationally. This is area-based. Not home-based. And that makes a big difference. We simply arent comparing apples to apples.

    To learn more about Mobile Home Millions, visit mobilehomemillions.com.

    Link:
    A Solid Investment - Think Realty

    Global Manufactured Housing Market 2020 Growth, Trend, Size, Share, Analysis and Forecast to 2025 – Instanews247

    - January 5, 2020 by Mr HomeBuilder

    The Global Manufactured Housing Market covers important aspects of this market concerning fundamental parameters. The report explains outline of the business range, concentrating on the overall industry, development possibilities, types and application. It brief Manufactured Housing summary of the market considering the current and future scenarios. It also provides information in terms of development and its capacities.

    The Manufactured Housing industry analysis size, share, growth, trends, and forecasts 20202025. The Manufactured Housing report help to analysis players to improve their business strategies and helpful data. It shows key players in the worldwide market and trends about methodologies utilizing to separate themselves from other players. The analysis involves a broad outline of the Manufactured Housing market information on different particular divisions. The Manufactured Housing research report gives a pestal analysis rely upon the total market, available size, development scene, and analysis.

    Detailed TOC along with also Charts and Tables of Manufactured Housing Market Research Report accessible at: https://www.futuristicreports.com/request-sample/29219

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    This Manufactured Housing report explores feasibility with an objective of educational new entrants in regards to the changes within the market. The description, thorough SWOT analysis & investment analysis is given which Manufactured Housing predictions are impending opportunities for its players.

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    The Manufactured Housing market gives fundamental data about the significant difficulties that will impact on development. Furthermore gives in general insights concerning the business. The report will help the current market to inspect the different aspects on growing their business.

    It provides in-depth study on the current state of the global Manufactured Housing industry with focused growth. The report provides key statistics. The report provides an in-depth insight of 2020-2025 global Manufactured Housing covering all important parameters.

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    Global Manufactured Housing Market 2020 Growth, Trend, Size, Share, Analysis and Forecast to 2025 - Instanews247

    Predicting 2020: Politics, From The Election To Rent Control, Will Loom Over CRE – Bisnow

    - January 5, 2020 by Mr HomeBuilder

    While any presidential election year figures to be heavy on political talk, this year, many commercial real estate industry titans believe politics will dominate the commercial real estate conversation, far beyond the battle for the White House.

    The United States is already in a contentious election cycle, and the House of Representatives has already voted to impeach President Donald Trump. Unpopular policies inreal estate circles, including rent control,vacancy fees and inclusionary zoning, are gaining steam in the countrys biggest cities.

    But some say commercial real estate will shrug off all the political nastiness as it continues to chug along. After all, the industry has already overcomethe omens of potential economic recession last year, including theinverted yield curve when short-term bonds offered better returns than the 10-year Treasury a moderating gross domestic productand a decline in business spending.

    The punchline is we have been studying these types of events for over 50 years. These types of geopolitical events don't have any material impact on the economy over a length of time, CBRE Research Chairman Spencer Levy said. People overreact to it.

    But if theres anything real estate investors hate, its uncertainty. And the political uncertainty at play has caused many in the market to hold off on making major capital decisions, calculating that it is too risky to make any big moves.

    I think the elections could, with so much divide in the country ... people are just so mad about it, saidMichael Bull, the founder of brokerageBull Realtyand host of the radio program Americas Commercial Real Estate Show. That could slow down some expansion and some growth.

    Bisnow/Jon Banister

    CBRE Americas Research Chairman Spencer Levy

    Where commercial real estate will feel most of the effects of politics, though, will be on the local level. Some areas of the country have already seen agrassroots backlash againstgenerous tax incentives and abatements for private developments.

    I do [believe] we'll see smaller incentives or incentives that go away altogether for big projects that truly don't impact disadvantaged areas, OA Developmentpartner Brian Granath said.

    Peebles Corp.founder Don Peebles also said developers may need to expect to have less political persuasion on a local level because of not only a growing backlash against municipal tax largess, but also the widening disparities with income in many cities. Plus, politicians are harnessing the power of social media to raise campaign funding from individuals instead of relying on large donations from business leaders and developers.

    The influence on the political process the industry has had for many decades is diminishing and very rapidly, Peebles said. More [backlash] is coming and the developers aren't going to even be able to fight it off.

    Politics is the connective threadfor many of Bisnow's 2020 commercial real estate predictions, after interviews with nearly a dozen national experts:

    1. Rent Control Becomes MorePrevalent

    Three states instituted rent control measures on apartmentslast year, and a host of major cities are forcing developers through zoning regulations or as part of an incentive package to hold rents down on some of their new units.

    While many experts contend that the answer to affordable housing is to build more and otherwise get out of the way, the push for regulated rents will only gain momentum in the new year, especially aswhen many municipal officials are up for election, according to CBRE's 2020 outlook.

    It's a politically charged topic, Conway said of housing affordability. "So where do you get the most immediate relief? Rent control."

    Avison Youngprincipal Kirk Rich who was recentlytapped by Atlanta Mayor Keisha Lance Bottoms to serve on the Atlanta Housing Authority's board of commissioners said governments are compelled to grapple with ways to curb housing cost escalations near schools and jobs in urban centers.

    The pressure surrounding any affordable housing within any major urban market is increasing and troubling, Rich said. We have priced-out workforces as well as other diverse communities that deserve access to housing close to jobs and schools and other things most others take for granted.

    Already, apartment investors are shying away from New York City and certain places in California due to rent control, pushing investors to cities with looser regulations, Bull said. And developers may be strapped from building more housing in cities where steeper affordability requirements are in place as well.

    [Government officials] are trying to get elected and trying to make everyone happy. Mostly, they're not real estate experts, he said.

    Multifamily construction will jump in 2020.

    2. Multifamily Construction Rebounds

    Apartment developers will likely continue to ride the jet stream of optimism that younger millennials and even baby boomers are more inclined torent overbuying homes.

    Developers are expected to unleash 330,000 new apartment units in 2020, up from 303,000 this past year, according toYardi MatrixSenior Research Analyst Tara Jeffcoat.But this time, developers will likely outstrip demand.

    Apartment demand is projected to be 240,000 units, a 20% drop from 2019, according to CBRE. That would shrink rent growth to 2.4% and elevate the vacancy rate to 4.5%, still below the historical average, CBRE reported.

    TranswesternEastern Region President Bruce Ford, however said the fresh stock of college graduates may help boost apartment rent rolls.

    I think what we're going to witness in the April to June time frame, with this graduating class across the country many of those students will have already secured jobs before they entered the market to rent and lease their housing, Ford said.

    3. ModularConstructionBecomes More Popular

    Rising construction and land costs and a continued labor crunch will have another effect other than rising development costs in 2020: development innovation.

    The growing need for affordability in housing especially will have more developers using modular construction and other prefabricated methods to building apartments, hotels, low-rise offices and even some retail, Conway said. And in an effort to boost housing stock, more developers may be willing to chance manufactured housing, where building costs are substantially lower.

    Verified Market Research predictsthat the total value of modular construction will be $131.9B in 2020 and more than $181B by 2026.

    I think we're going to see a lot of innovation in affordable housing, Conway said."With modular, it's not just a residential story, it's a commercial story."

    4. Office Demand WillSlow Down

    Even with the debacle thatbecame the WeWork meltdown late last year, few see any major changes to office demand across the U.S.

    I think the good news is our headline for 2020 from a commercial real estate perspective, it's going to be a good year, similar in many ways to 2019, CBRE's Levy said.

    In its 2020 outlook, CBRE is projecting companies will absorb 20M SF across the country, well down from the total projection this year of 37M SF. As of the third quarter, companies leased 29.6M SF more than they emptied in the U.S., according to Newmark Knight Frank.

    CBRE is projecting some 51M SF of new office completions this year, down from 59M SF in 2019.

    Technology companies shouldcontinue to be the force behind the majority of the leasing activity, according to CBRE. As has been the story for much of this past decade, the central business districts in major cities are expected to keep winningthe majority of corporate America's office attention and demand.

    But there will be a shift that will accelerate next year: Some companies begin to eye smaller cities that mimic the amenities and walkability seen in larger urban cores, Levy said.

    We think that the reurbanization in the U.S. and globally will continue into the next decade, saidULIexecutive director of sustainability and economic performance Billy Grayson.

    5. Industrial To Stay Strong

    Industrial real estate should continue on its hot streak again in 2020, thanks in large part to the continued retail evolution to online shopping. Levy said that the question of whether the U.S. is finally at the top of its hot industrial market has been asked repeatedly for years, and is being asked again this year.

    The short answer is, 'Not yet,' Levy said.

    Still, developer exuberance may race ahead of actual tenant demand. CBRE predicts that developers may unleash upward of 30M SF more industrial space than actual demand in 2020. But new supply addressing niche needs, such as cold storage and last-mile distribution, should do well regardless, Levy said.

    E-commerce demand for last-mile facilities of 150K SF or less will accelerate in 2020 as companies race to offer same-day delivery to customers, with continued rent appreciation as well, CBRE's report stated.

    I don't think industrial is going to slow down for 2020. I think everyone is still pretty much in on industrial, Jeffcoat said.

    Courtesy of Transwestern

    Transwestern Eastern Regional President Bruce Ford

    Transwestern's Ford said there is one particular potential for headwinds in industrial, namely the continued waging of the trade war, not only against China, but even the push to renegotiate the North American Free Trade Agreement with Mexico and Canada.

    What does trade do in terms of an economic slowdown in terms of manufacturing and agriculture? That's the primary concern, Ford said.

    6. Capital Will Flood U.S. CRE

    In a flight for yield and investment-grade quality, commercial real estate investors will continue to flock into the U.S., warts and all, thanks to the spread of negative interest rates throughout the globe.

    While yields on U.S. commercial real estate continue to get squeezed, even a return of 4% to 5% is more appealing than staying in some European banks where storing money in an account actually costs customers.

    I think that the United States, and by extension the United Kingdom, are the two cleanest dirty shirts in the laundry, Levy said.

    Granath said he expects the Federal Reserveto cut rates one more time this year, but avoid dipping into negative territory.

    I think they lower rates one more time and I think we're entering into dangerous territory ... cut to a point where if we do enter a recession, there's nothing we can do left to help the markets," he said. "Because entering negative would be ... a sign that the markets are worse off than they actually are."

    More here:
    Predicting 2020: Politics, From The Election To Rent Control, Will Loom Over CRE - Bisnow

    Action Needed on Spring Creek Ranch | Sedona.Biz – The Internet Voice of Sedona and The Verde Valley – Sedona.biz

    - January 5, 2020 by Mr HomeBuilder

    By Craig SwansonTrustee, Keep Sedona Beautiful

    Sedona AZ (January 3, 2020) Keep Sedona Beautiful urges you to contact Yavapai County to make your feelings known about the proposed Spring Creek Ranch development, if you havent yet done so.

    On Dec 19, Yavapai County Planning and Zoning narrowly voted to recommend against the Spring Creek Ranch mega-development, but the final determination is up to the County Supervisors.

    At the Planning and Zoning hearing, much was made of the fact that only 15 residents wrote in to the County supporting the proposal, while 245 wrote letters or email opposing it. In response, the developer stated that they will be marshaling more support prior to the Supervisors meeting.

    Those Supervisors will meet on Wednesday Jan 15 at 9:00 AM at 10 S 6th Street in Cottonwood to hear this matter and decide on whether or not to allow 282 acres along Spring Creek to be rezoned and developed.

    Rezoning to Planned Area Development (PAD) would allow the developer to put 1,900 Manufactured Homes, 400 RV pads, 400 apartment units and a 200 unit Assisted Living facility on either side of Spring Creek. You can learn more about this proposal byCLICKING HERE.

    If you havent yet made your voice heard, please write or email County Development Services, and write or email each of the County Supervisors.

    In your email and/or letter, youmustinclude your name and address, or the County will not consider it.

    YavapaiCounty Development Services:

    County Supervisors:

    Follow this link:
    Action Needed on Spring Creek Ranch | Sedona.Biz - The Internet Voice of Sedona and The Verde Valley - Sedona.biz

    A ‘cave house’ blasted into the side of a mountain in Arizona is on the market for just under $1 million. Here’s a look inside. – Business Insider

    - January 5, 2020 by Mr HomeBuilder

    In the Mule Mountains in Bisbee, Arizona, sits a nearly 3,000-square-foot cave home.

    The home's origin dates back to 1985 when a couple, who fell in love with the area, decided to blast away at the rock on the side of a mountain to carve out a home.

    According to a video by HGTV, the couple spent 15 years working on the project. They sold it in 2018 to its current owner for $987,000. It's now back on the market for $998,500.

    The 37-acre property, which is filled with plants, trees, and natural pools, includes a two-level guest house and a small studio in addition to the cave house.

    Keep reading for a look inside the unique home.

    Read more:
    A 'cave house' blasted into the side of a mountain in Arizona is on the market for just under $1 million. Here's a look inside. - Business Insider

    City of Albion issued 59 building permits in 2019 – Albionnewsonline

    - January 5, 2020 by Mr HomeBuilder

    City of Albion issued 59 building permits during 2019, with a total value of $2,598,137.There were 44 residential permits issued during the year, and the total value represented was $1,707,831.This total included three new single family homes, all built outside the city limits. Average value of the new homes was $395,000.The residential list included three garage additions at a combined total value of $184,000.There were also six interior remodels valued at a total of $185,300.One permit was issued for a new swimming pool outside the city limits at $80,000.Other permits were issued for patios, decks, accessory buildings and sheds, fences, carports, handicapped ramps, egress windows and other improvements.Commercial ProjectsThere were 15 commercial building permits issued, with a total combined value of $885,306.The largest permitted project was a business remodel valued at $800,000. Other projects included a smaller remodeling project, new business awning, signage, canopies, and a plumbing alteration.The only public or government project during the year was a new accessory building valued at $5,000.

    Go here to read the rest:
    City of Albion issued 59 building permits in 2019 - Albionnewsonline

    The top 10 most-expensive homes sold in the Fredericksburg region in 2019 – Fredericksburg.com

    - January 5, 2020 by Mr HomeBuilder

    The Fredericksburg regions luxury home market finished out the decade with 20 houses selling for more than $1 million in 2019.

    The 10 highest-priced houses had a few things in common. Most of them are on the water, they all have a lot of square footage, they all have wood floors and most sit on a hefty amount of land.

    But according to real estate agent Janel OMalley of Coldwell Banker Elite, one hallmark of these homes stands out: All of them were recently built or very recently renovated.

    OMalley has worked in the local luxury home market for 35 years locally and said todays high-end buyer is an empty-nester, less concerned with school districts and more interested in architecture, location and modern conveniences like elevators.

    She said the high-priced homes have the latest technology in appliances and security, and the kitchens and bathrooms were very recently renovated. She said there were homes in the city that sold in 2019 for less than they could have because no recent updates were done.

    The highest-priced home in the region was in Culpeper County. It fits the above criteria and more. It is historic, has water and mountain views, a lot of land and recently upgraded amenities. Built in the 1820s, Horseshoe Farm, located along the Rapidan and Robinson rivers, is a historic Greek Revival home that includes six bedrooms, five full baths, two half-baths and eight fireplaces. The house sold for $1.8 million in October.

    The second home on the list sold for $1.55 million in Spotsylvania County in November. On five acres in the North Club Estates neighborhood next to the Fredericksburg Country Club, it has private access to the Rappahannock River. Thanks to recent additions and renovations, it has up-to-date amenities.

    OMalley said 10 homes in Spotsylvania sold for more than $1 million, and most of them were on the water.

    Also in Spotsylvania County was the No. 3 home on the list, selling for $1.499 million. On Windsor Rose Drive in Bumpass, the house overlooks Lake Anna and sits on almost two acres. It has a private beach, five bedrooms and seven bathrooms. The real star is its kitchen, with two refrigerators and two dishwashers.

    Another home on Lake Annaon Governors Point Lanesold for $1.2 million. Like many of the others on this list, it is a waterfront home, with recent updates and little extras like electric boat lifts and a home theater room.

    The only property in the city to make the top 10 was the third-floor condo at 425 William St. Built just a few years ago, the condo has three porches overlooking the city, a secure garage and upgraded finishes throughout. It sold for $1.375 million in December.

    The top home in Stafford County came in fifth place on the list at $1.3 million. A recently renovated historic home with its own beach on 10 acres made 1381 Brent Point Road an easy sale in the luxury market.

    Close by in King George County, a similar property sold for $1.25 million. Situated on Berry Plains Landing, the house overlooks the Rappahannock River and has amenities like geothermal heat, a heated garage for car collectors, horse stables and upgraded finishes.

    In Orange County, 6616 Summerview Court sold for $1.216 million. And like many of the other homes on this list, it is a new construction, has a lakefront location, five bedrooms and features like a boathouse and elevator.

    In Stevensburg, another new home made the list. At $1.2 million, the Carrico Mills home is surrounded by 10 acres and has all the newest gadgets.

    Rounding out the list is yet another Culpeper County home. On 15 acres, a five-bedroom home with elevators and high-end finishes brought a sale price of $1.2 million.

    OMalley said that only two of the 10 highest-priced homes had swimming pools, which are waning in popularity, while many had upscale garages.

    She said as the region looks to 2020, the population will continue to grow as it has over the last decade, making for a strong real estate market. But she said the market remains strongest around $350,000.

    At that price, she said, homes tend to sell fast. And with more families moving to the area, she said the more affordable end of the housing market will continue to have a strong showing if the economy remains stable.

    But for those looking to sell high-end homes in 2020, she suggests taking a lesson from the top 10 list and make improvements before your house hits the market.

    Lindley Estes: 540/735-1976

    @flslindley

    Read more from the original source:
    The top 10 most-expensive homes sold in the Fredericksburg region in 2019 - Fredericksburg.com

    These are The Salt Lake Tribune’s most-read stories of 2019 – Salt Lake Tribune

    - January 5, 2020 by Mr HomeBuilder

    A lot happened in Utah in 2019. There were joyous stories that inspired hope and optimism for the future, and there were a few that broke hearts and sparked efforts for change.

    The Salt Lake Tribune was there to cover them all with help from the readers who support our work. Heres a look at the stories that you read, shared, commented on and emailed us about.

    These are The Tribunes most-read stories of 2019.

    Latter-day Saints were greeted with sweeping changes in temple ceremonies this year, like more inclusive language, more gender equity and more lines for Mother Eve. Attendees described the revisions as empowering for women and healing for those wounded by the previous wording.

    Shortly before Thanksgiving, a Utah substitute teacher asked a fifth grade class: What are you thankful for this year? One boy said Im thankful that Im finally going to be adopted by my two dads, causing the substitute to reportedly snap, Why on earth would you be happy about that?

    For the next 10 minutes she lectured the 30 kids in the class about her own views, how homosexuality is wrong and two men living together is a sin. She looked at the boy, too, and told him: Thats nothing to be thankful for. Three girls asked her multiple times to stop, but the substitute continued. They then walked out of class and got the principal.

    Police officers and volunteers scoured Logan neighborhoods in search of a 5-year-old girl who was reported missing May 25. Family members told police they last saw Elizabeth Lizzie Shelley around 2 a.m. When they woke up at 10 a.m., she was gone. The girls 21-year-old uncle had disappeared as well, the family said.

    The speed of the about-face, historian Matthew Bowman said, reflects the turbulence that this policy and its implementation created among members, as well as among bishops and stake presidents."

    Many readers expressed outrage and some offered support after an image of a Utah child dressed in tan pants and a brown shirt with a red arm band adorned with a black swastika went viral this year.

    [The district] does not tolerate speech, images or conduct that portray or promote hate in any form, the statement read. The district is taking the matter very seriously and is investigating every aspect of the situation.

    A whistleblower complaint to the IRS accused The Church of Jesus Christ of Latter-day Saints of building a $100 billion investment portfolio using donations intended for charitable purposes, potentially in violation of federal tax laws, according to a report published by The Washington Post.

    The complaint was filed by David Nielsen, a former portfolio manager for the churchs nonprofit investment arm Ensign Peak Advisors, with the help of his brother Lars Nielsen, who spoke with and provided supporting documents to The Post.

    Draper police had sought the publics help locating Heber, who had walked away from the Salt Lake County Juvenile Receiving Center. Draper police said the boy had been diagnosed with autism, depression and anxiety.

    The driver of the vehicle was described as cooperative.

    They say there had been at least three other reports that the driver, John Naisbitt, targeted multiracial students before this. And while Naisbitt was never disciplined in connection with those prior allegations, they added, he quietly retired after the newest complaint.

    "I dont want to see a declaration of national emergency, Romney told MSNBC. I think thats an action that would be taken in the most extreme circumstances, and, hopefully, we dont reach that.

    In the end, there was no emergency declaration and Trump did not get his wall money.

    Ed Smart, the father of kidnapping survivor Elizabeth Smart, came out as gay in October, sending a letter using Facebook Messenger to family and friends that mentioned that he planned to separate from his wife and no longer feels comfortable in The Church of Jesus Christ of Latter-day Saints. Smart confirmed he sent it and posted it publicly a day later. Court records indicate that on July 5, Lois Smart filed for divorce from Ed Smart, 64.

    NBA hall of famer Jerry Sloan is a hero to many Utahns. And at 77 years old, wrote Gordon Monson, the once-fierce lions eyes are tired now.

    In a touching tribute, Monson reveals that Sloan who has Parkinsons disease and dementia is dying, and that those words hit with the force of a swinging tire iron.

    The move from a for-profit model was spurred by Tribune owner Paul Huntsman, who, in agreeing to turn Utahs largest paper into a nonprofit, is giving up his sole ownership.

    The current business model for local newspapers is broken and beyond repair, said Huntsman, who also serves as The Tribunes publisher. We needed to find a way to sustain this vital community institution well beyond my ownership, and nonprofit status will help us do that. This is truly excellent news for all Utah residents and for local news organizations across the country.

    While Marty Jessop trained to stay awake for days at a time, run in the sand, swim for long stretches in frigid water and pack everything from rubber rafts to comrades, memories of his time in the Fundamentalist Church of Jesus Christ of Latter-Day Saints kept him from quitting. He also thought about the woman he loved, and wondered if shed wait for him to return from Navy SEAL training.

    Jessop told The Tribune all about his history with the polygamous sect, what it felt like to leave it and how hes working to create a good life for his family.

    The audience cheered and applauded Matt Easton, who said coming out to his entire college was a phenomenal feeling, and it is a victory for me in and of itself.

    Our nation is operating concentration camps for refugee children. We need to stop denying that and decide if we are comfortable with that fact. And how we will explain it to our children.

    Bravo TV hasnt announced who will be in the cast of The Real Housewives of Salt Lake City, its newest show in the channels franchise, but that hasnt stopped the speculation. Showbiz Cheat Sheet claims to have a complete list of cast members, including Vida Tequilas Lisa Barlow, Beauty Lab & Lasers Heather Gay, The Fashion Fuses Angie Harrington, jewelery designer Meredith Marks, interior designer Sara McArthur-Pierce, Iris + Beaus Whitney Rose and The Shah Squads Jen Shah.

    Doctors at St. Marks Hospital in Millcreek performed heart surgery on Donnamay Brockbank in July 2018 to remove a medical device that was causing an allergic reaction, according to a lawsuit. After the surgery, the tube and needle or cannula returning blood to Brockbanks femur was removed. But blood was still leaving Brockbanks body through the other cannula, which was left in her body, unclamped, the lawsuit states. None of the medical professionals in the room addressed the tube piping blood out of Brockbank and into the garbage can, the lawsuit states. Eventually doctors reopened Brockbanks chest and tried to manually manipulate her heart, but they could not revive her.

    Read the rest here:
    These are The Salt Lake Tribune's most-read stories of 2019 - Salt Lake Tribune

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