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Commercial real estate faces $13.5 billion in flood damage in 2022: Report
A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new study says. Approximately 730,000 retail, office and multi-unit residential properties face an annualized risk of flood damage in the United States. The structural damage from flooding is projected to cost $13.5 billion in 2022, increasing to over $16.9 billion by 2052, according to the First Street Foundation, a nonprofit research and technology group, and global…
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20 essential terms for commercial real estate investing | Multimedia
If you’re looking for a way to build a solid financial footing and passive income streams, most experts will tell you that a long-term asset allocation strategy is key. There are lots of different investment avenues you can take to build wealth or just add some stability to your finances but pouring all of your spare cash into the tumultuous stock market or cryptocurrency could be a risky proposition. After all, it’s not uncommon for these markets to take a nosedive on occasion, and when they do, they take your cash with them. That said, not all investments are so volatile. Some types of investments, like commercial real estate, can…
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Bitcoin-Exclusive Commercial Real Estate Offer In New York Listed For $29 Million
Topline A established of retail condos in New York Town is promoting for $29 million solely in Bitcoin, signaling a growing craze of luxury true estate purchases currently being built utilizing cryptocurrency. PARIS, FRANCE – APRIL 14: In this photograph illustration, a visual representation of the electronic … [+] Cryptocurrency, Bitcoin is on display screen on April 14, 2021 in Paris, France. The price of Bitcoin (BTC) has exceeded the threshold of 64,000 dollars for the initially time in historical past. The Cryptocurrency overtakes the British Pound to come to be the 6th biggest currency in the entire world. The total bitcoin market place now signifies $ 1.2 trillion, even…
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Real Estate news: Commercial sector continues above pre-pandemic performance | Rogersville
Commercial authentic estate continued its recovery in September even with a slump in gross sales and leases from the former month’s report large. So considerably this 12 months, transactions are up 63.4 percent. The moving common transaction craze is at a two-12 months higher level. “The restoration in NE Tenn. – SW Va. proceeds bubbling up,” claimed Northeast Tennessee Association of Realtors (NETAR) Industrial Committee Chair Cassie Petzoldt. “We’ve witnessed elevated action from sound neighborhood and out-of-spot gamers throughout the earlier 3 to six months. The neighborhood overall economy is experiencing a fairly uneven recovery, but demand from customers for industrial actual estate proceeds setting up. The region’s high transmission…
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