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Google Real Estate in New York

Google Real Estate in New York

Google Real Estate in New York

Large Google Campus in Manhattan

IncSmart New York (Small Business and Startups) - Google is expanding its real estate in New York.  The new property is in Hudson Square in Manhattan on Washington and Hudson Street.  The building is called St. Johns Terminal.  The investment of just under 2 billion dollars next to the entrance of the Holland Tunnel, and will occupy 2 million square of office space.  They hope to occupy the Hudson Street property by 2020.  US business is under pressure from President Trump to create more jobs domestically.  
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California Suffers Housing Slump

California Suffers Housing Slump

California Suffers Housing Slump

Southern California Real Estate Grinds to a Halt

IncSmart California  (Small Business and Startups) - California suffers housing slump with the fear that a crash is coming to the real estate market.  This is the worst time for real estate in over 10 years.  The number of new and existing homes plummeted 18% compared to last year.  California by far has the most expensive houses in the West.  The current median home prices in California are $500,000, and home ownership in California is at a 70 year low.  Median rent in San Francisco is $4200 a month. 

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Oregon Rents Drop

Oregon Rents Drop

Oregon Rents Drop

 Sharpest Decline in America

IncSmart Oregon (Small Business and Startups) - Portland Oregon rental fees have the largest decline in America.  The price of rent in Oregon has declined 2.5%.   Rents have been slowing for eight consecutive months.  There are 15,000 more apartments not in Portland than there were in 2015 when they were having a housing shortage.  With the job market so strong, developers have over built in the city, and they now face an urban construction boom.  
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New York Real Estate Prices Tumbling

New York Real Estate Prices Tumbling

New York Real Estate Prices Tumbling

 Manhattan Home Prices Fall Again

IncSmart New York (Small Business and Startups) - New York Real Estate Prices Tumbling.  Manhattan home prices are falling again.  New York home buyers are feeling the pinch of state taxes with the Federal Tax reform laws.   Medium  Manhattan homes took another dip of 4.5% because of the policy changes in Washington and the higher taxes in New York.  The new law from the District of Columbia limits the amount of property taxes that can be deducted from the Federal Tax returns.  Rising interest rates are also having an impact on the market, even though they are still at historic lows.  


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New Loan Programs in District of Columbia

New Loan Programs in District of Columbia

New Loan Programs in District of Columbia

Fannie Mae’s HomeReady and Freddie Mac’s Home Possible

IncSmart Washington DC (Small Business and Startups) - New loan programs targets buyers with just 3% down or less.  These new loans are for customers with small savings accounts.  The 3% down payment is called a 97 loan to value.  This is also available on conventional loans.  There maybe income limits to the HomeReady program.  These limits can go away if one of the borrowers is a first time buyer.  Payments from rental property may also be considered income.  

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McDonalds Moves Illinois Headquarters

McDonalds Moves Illinois Headquarters

 McDonalds Moves Illinois Headquarters

New Chicago Office Officially Open

IncSmart Illinois (Small Business and Startups) - McDonalds moves it Illinois headquarters to Chicago after 47 years.  The new office is in the West Loop neighborhood.  "We are welcoming home the most iconic American business to the most American of American cities" said Mayor Rahm Emanuel.  Ray Kroc, the original owner sold his company to the McDonald Brothers.    
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California to Require Solar on New Homes

California to Require Solar on New Homes

California to Require Solar on New Homes

New Laws to Start by 2020

IncSmart California  (Small Business and Startups) - California will become the first state in the union to require solar panels on all new homes.  This law will require all building, three stories high, including single family homes and condos, to install solar starting 2020.  Still needs final approval from the California Building Standards Commission.  
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Nebraska $500 Million Redevelopment

Nebraska $500 Million Redevelopment

Nebraska $500 Million Redevelopment

ConAgra Campus Gets New Life

IncSmart Nebraska (Small Business and Startups) - Nebraska begins a new $500 million redevelopment for downtown Omaha.  The 10 year project could break ground in 2019.  The project encompasses a two block long plaza of the old Conagra headquarters.  Conagra moved it's headquarters from Omaha to Chicago last year.  The old Conagra campus will get new life.  The development requires various approvals, including a request for for tax increment financing to help defray the public improvement requests.  
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Blueprint for Downtown Atlanta Georgia

Blueprint for Downtown Atlanta Georgia

Blueprint for Downtown Atlanta Georgia

Ten Year Development Plan

IncSmart Georgia (Small Business and Startups)Atlanta has created it's development plan for downtown.  The city council is adding more than $4 billion in public and private investment programs.  The development plan is a 10 year wish list.  This is on top of the $4 billion in recent projects such as Railroad Gulch, Philips Arena and the sale of Underground Atlanta and the Atlantic Civic Center.  A green project is also emerging to plant over 10,000 tress to help remove the urban island heat problems, at the same time filtering pollution and east the noise of city streets. 
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Bill Gates Develops Arizona Community

Bill Gates Develops Arizona Community

Bill Gates Develops Arizona Community

Belmont, a Smart City Suburb

IncSmart Arizona (Small Business and Startups) - Bill Gates is building a SMART CITY in the suburbs of Phoenix.   An investment firm run by Bill Gates has put down $80 million to develop a planned community on the west side of the Phoenix valley.  The 25,000 acres of land is about 45 minutes west of the city. The community  will be named Belmont.  Belmont Partners and Cascade Investment LLC appears to be the money behind the investment.
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California Timberline Twister

California Timberline Twister

California Timberline Twister

Squaw Valley Roller Coaster

IncSmart California  (Small Business and Startups) - The expansion for 850 new hotel rooms, condominiums and residential units as was approved.  An entertainment complex will also include a roller coaster ride.  Squaw Valley is now ready to compete with other skit resorts in the west, including Colorado, Utah and Wyoming.   The expansion will produce $22 million in tax revenue, $20 million in transit initiatives and $150 million in new infrastructure.

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Michigan to Demolish Abandoned Properties

Michigan to Demolish Abandoned Properties

Michigan to Demolish Abandoned Properties

Genesee County Land Bank and Flint

IncSmart Michigan (Small Business and Startups) - Michigan will begin demolishing abandoned commercial properties in Flint.  The Genesee County Land Bank and the Michigan State Housing Development Authority announced the upcoming demolitions t his week.  The properties will be demolished next year in 2018.  A half-million-dollar grant from MSHDA will help to help pay for the projects.  The grant funding provided by MSHDA, the city, the county and a private contribution.


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New Tower in Northern California

New Tower in Northern California

New Tower in Northern California

San Francisco Billion Dollar High Rise

IncSmart California  (Small Business and Startups) - The new SalesForce Tower in San Francisco is 1,170 feet tall and 60 stories high.   This tower, now San Francisco's tallest building just feet lower than the new Los Angeles Wilshire Grand.  SalesForce will open in the spring of 2018, in spite of people like Dianne Feinstein.  The new tower is much higher than the downtown height limits she pushed for in the 1970s and the 1980s. 

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Rental Homes in Michigan

Rental Homes in Michigan

Rental Homes in Michigan

Rental Homes in Michigan

IncSmart Michigan (Small Business and Startups) - Detroit real estate investors are banking on the Trump economy.  Investors from all over the world are buying up homes in Michigan.  The blighted neighborhoods with low prices has made Detroit very popular with property investment.  Eighty eight percent of the homes sold in Detroit are purchased by investors.  This is prompting an inventory shortages in some neighborhoods in addition to the U.S. Treasury buying more than $381 million in Michigan for demolition. 

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