Archinect - News 2018-06-20T02:03:58-04:00 Shared housing startups prepare for big business Alexander Walter 2018-05-23T15:54:00-04:00 >2018-05-26T13:31:04-04:00 <img src="" border="0" /><em><p>A Crunchbase News analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so. This isn&rsquo;t a U.S.-specific phenomenon. Funded shared and short-term housing startups are cropping up across the globe, from China to Europe to Southeast Asia.</p></em><br /><br /><p>Crunchbase reporter Joanna Glasner takes a look at the new crop of <a href="" rel="nofollow" target="_blank">shared and short-term housing</a> startups that have recently raised millions of dollars in funding, such as Common, Starcity, Roomi, Ollie, HubHaus, and others.<br></p> Who owns real estate flooded from climate change? Hope Daley 2018-05-03T16:54:00-04:00 >2018-05-07T11:48:05-04:00 <img src="" border="0" /><em><p>As seas rise and coasts wash away, who owns the land that goes underwater? Versions of that debate are taking place in courtrooms, legislatures, and government offices, raising the question of whether and when climate change justifies seizing private property. The stakes are enormous, affecting not just ownership of offshore mineral and fishing rights but also potentially trillions of dollars of coastal real estate.</p></em><br /><br /><p><a href="" rel="nofollow" target="_blank">Climate change</a> has left many rules governing <a href="" rel="nofollow" target="_blank">real estate</a> ownership murky. As sea levels rise this especially affects coastal property and laws hinging on high-tide lines.&nbsp;</p> Grenfell-style cladding causes value of upscale London apartments to drop by 90% Alexander Walter 2018-04-16T16:21:00-04:00 >2018-04-16T16:21:50-04:00 <img src="" border="0" /><em><p>A homeowner in a housing complex in London with Grenfell-type cladding has been told the value of her &pound;475,000 home has collapsed and is now just &pound;50,000. Galliard Homes, the developer of the 11-block complex in New Capital Quay in south-east London, is facing a &pound;30m-&pound;40m bill to replace the cladding and is locked in a legal dispute over who should pay.</p></em><br /><br /><p>The New Capital Quay development&mdash;home to about 2,000 residents&mdash;is believed to be the largest private development to have flammable cladding after the <a href="" rel="nofollow" target="_blank">2017 Grenfell fire tragedy</a> that killed 71 people, <em>The Guardian </em>reports. The apartments are now considered unsellable.<br></p> Construction of David Adjaye's NYC skyscraper kicks into next gear Alexander Walter 2018-04-05T13:54:00-04:00 >2018-04-05T14:00:08-04:00 <img src="" border="0" /><em><p>Last December, plans were unfurled for 130 William, a reverential new skyscraper to jostle amongst the spired giants of lower Manhattan. [...] we can note that the project has achieved two small construction milestones in its journey against the sky: crews have reached street level and standing upright is a red kangaroo crane that will bring the rectangular tower to its full 66-floor, nearly 800-foot-tall summit.</p></em><br /><br /><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Rendering courtesy of Lightstone.</figcaption></figure><p><a href="" rel="nofollow" target="_blank">Fully revealed</a> only a few weeks ago, the Lightstone-developed, <a href="" rel="nofollow" target="_blank">Adjaye Associates</a>-designed 800-foot luxury condo tower is already making construction progress with its crane fully installed and prepared to stack 66 floors wrapped in a hand-cast concrete facade with bronze detailing towards the Manhattan sky.</p> Detroit's abandoned Michigan Central Station may soon be bought and redeveloped by Ford Alexander Walter 2018-03-23T15:19:00-04:00 >2018-03-26T01:31:03-04:00 <img src="" border="0" /><em><p>Ford Motor Co. is in discussions to purchase the dilapidated Michigan Central Station in Detroit's Corktown neighborhood just outside of downtown, Crain's has learned from multiple sources familiar with the negotiations.</p></em><br /><br /><p>"A redevelopment of the <a href="" rel="nofollow" target="_blank">depot</a>, which has been abandoned and blighted for three decades since Amtrak stopped service in 1988, would be one of the most expensive and complex local undertakings in recent history," <em>Crain's</em> reports.</p> Japan's disposable housing culture Alexander Walter 2018-03-22T13:48:00-04:00 >2018-03-22T15:33:40-04:00 <img src="" border="0" /><em><p>[...] the value of the average Japanese house depreciates to zero in 22 years. (It is calculated separately from the land, which is more likely to hold its value.) Most are knocked down and rebuilt. Sales of new homes far outstrip those of used ones, which usually change hands in the expectation that they will be demolished and replaced. In America and Europe second-hand houses accounted for 90% of sales and new-builds for 10% in 2017. In Japan the proportions are the other way around.</p></em><br /><br /><p>The <a href="" rel="nofollow" target="_blank"><em>Economist</em> article</a> describes Japan&rsquo;s <a href="" rel="nofollow" target="_blank">throwaway housing culture</a> as a phenomenon that is not only a burden on the national economy and the environment but also does not see renovation and refurbishment of existing structures as an appreciation in value.</p> <p>There are exceptions of course: one rare example of an upgraded old structure is <a href="" rel="nofollow" target="_blank">this Kyoto guest house</a> makeover by <a href="" rel="nofollow" target="_blank">B.L.U.E. Architecture Studio</a>, published on Archinect earlier this month.<br></p> Bitcoin's opportunities and challenges in real estate Alexander Walter 2018-03-21T18:31:00-04:00 >2018-03-26T01:31:03-04:00 <img src="" border="0" /><em><p>Today, listings from one coast to another tout Bitcoin as a way to make a property transaction. A new collection of haute residences in Hollywood with Los Angeles skyline views go for $1.21 million or its Bitcoin equivalent; in Washington, D.C., two-bedroom condos are on the market for between 36 and 84 Bitcoins. In Austin, the seller of one ranch is offering a &ldquo;signficant discount&rdquo; if the buyer pays with Bitcoin.</p></em><br /><br /><p>Great longform <a href="" rel="nofollow" target="_blank">piece</a> by Andrew Zaleski for <em>Curbed</em> on how <a href="" rel="nofollow" target="_blank">Bitcoin</a>, <a href="" rel="nofollow" target="_blank">blockchain</a> technology, and&nbsp;other&nbsp;<a href="" rel="nofollow" target="_blank">cryptocurrencies</a>&nbsp;have changed&mdash;or not changed&mdash;the real estate industry. "While there are laws in Arizona and Vermont that allow blockchain technology to play key parts in property sales and proving property ownership, in most states, aspects of the process still involve traditional financial institutions&mdash;and Bitcoin as a currency isn&rsquo;t necessarily a safe enough bet for the relatively risk-averse world of real estate."</p> Finalists named for Portland's Broadway Corridor site Hope Daley 2018-03-15T18:22:00-04:00 >2018-03-15T18:22:32-04:00 <img src="" border="0" /><em><p>Portland's urban renewal agency has named three finalists to shape the redevelopment of the soon-to-be-vacated&nbsp;downtown post office blocks. Not among them:&nbsp;a headline-grabbing but unlikely proposal for two massive skyscrapers, the taller of which would be nearly twice the height of any existing building in Portland.</p></em><br /><br /><p>Prosper Portland has selected 3 finalists for the 14 acre post office site located in the heart of the city: McWhinney,&nbsp;Related Cos., and&nbsp;Continuum Partners. It comes as no surprise that <a href="" rel="nofollow" target="_blank">William Kaven's two tower proposal</a> was not selected.&nbsp;</p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Broadway Corridor total development site of 32 acres in Portland. Image: Prosper Portland.</figcaption></figure><p>The <a href="" rel="nofollow" target="_blank">redevelopment</a> effort will include approximately 500 units of public housing developed by the Portland Housing Bureau and about 2,000 units of privately developed housing&mdash;of which 10 percent&nbsp;will include rent restrictions for low-income households.<br></p> <p>The Colorado developer McWhinney has proposed a partnership with the James Beard Public Market, a food culture concept which would include 100 to 120 vendor stalls as well as full service restaurants. The New York developer Related Cos. has partnered with local real estate firm Melvin Mark Cos. and the homelessness nonprofit Central City Concern.</p> Here's your chance to own an apartment in Le Corbusier’s Cité Radieuse Alexander Walter 2018-03-13T13:50:00-04:00 >2018-03-13T14:01:27-04:00 <img src="" border="0" /><em><p>A duplex apartment in Le Corbusier&rsquo;s Modernist icon La Cit&eacute; Radieuse has hit the market for &euro;598,000. [...] This 140 sq m apartment sits on a high floor of the colourful Modernist landmark, built from b&eacute;ton-brut concrete and declared a UNESCO World Heritage Site in 2016. The Marseille property is on the market via 20th and 21st century architecture specialists Architecture de Collection.</p></em><br /><br /><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Photo &copy; Architecture de Collection</figcaption></figure><p>Be it the&nbsp;b&eacute;ton brut appeal or the prospect of owning an&nbsp;<em>appartement</em> in the South of France, now's your moment to get both: a 1,500-square-foot unit on a higher floor in Le Corbusier's iconic Unit&eacute; d&rsquo;Habitation housing block in Marseille just <a href="" rel="nofollow" target="_blank">hit the market</a>, and it's pretty sweet. The asking price is&nbsp;&euro;598,000 ($741,000).</p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Photo &copy; Architecture de Collection</figcaption></figure><p>More interested in Corb's pre-Modernism oeuvre? Check out our <em><a href="" rel="nofollow" target="_blank">From the Ground Up</a></em> episode about his very first completed architectural design: Villa Fallet, completed in 1906-1907 in&nbsp;La Chaux-de-Fonds, Switzerland.</p> AUX Architecture redesigns the Hollyridge Home, once owned by Red Hot Chili Peppers singer Anthony Kiedis Justine Testado 2018-03-12T14:45:00-04:00 >2018-03-13T13:42:57-04:00 <img src="" border="0" /><p>Overlooking the Hollywood Hills of Los Angeles, the Hollyridge Home&nbsp; completed a well-deserved makeover this past January by L.A.-based <a href="" rel="nofollow" target="_blank">AUX Architecture</a>. Originally built in 1989 and previously owned by Red Hot Chili Peppers lead singer Anthony Kiedis from 1990-1997, the 2,849 square-foot home is currently on sale for about $3.29 million through the John Galich Group real estate firm.</p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Before the renovation. Photo courtesy AUX Architecture.</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>After the renovation. Photo courtesy John Galich Group.</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Before. Photo courtesy AUX Architecture.</figcaption></figure><p>Without structurally changing its roofline, AUX Architecture transformed the Hollyridge Home into a modern, light-filled space that takes full advantage of its views of the nearby Hollywood sign.<br></p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>After. Photo courtesy AUX Architecture + John Galich Group.</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Before. Photo courtesy AUX Architecture.</figcaption></figure><figure><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a><br></figure><figure><figcaption>After. Photo courtesy John Galich Group.</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Before. Photo courtesy AUX Architecture.</figcaption></figure><p>In renovating the home, AUX Architecture emphasized indoor-outdoor living, giving th...</p> The half-billion-dollar Bel Air giga-mansion is still looking for a buyer Alexander Walter 2018-03-05T14:14:00-05:00 >2018-03-05T20:19:24-05:00 <img src="" border="0" /><em><p>The construction of this and other so-called giga-mansions underscores a new gilded age in the United States and especially in LA. [...] The splurge comes amid a housing shortage that has fuelled a homelessness crisis, with 57,000 people without permanent shelter in LA county [...]. The Los Angeles Times columnist Steve Lopez compared the city&rsquo;s hilltop mansions to giant tombstones marking the death of humility.</p></em><br /><br /><p><em>The Guardian</em> takes a peek into the world of ultra-luxury real estate developer Niles Niami whose latest endeavor&mdash;the sprawling Bel Air hilltop giga-mansion with its four swimming pools, 20 bedrooms, movie theater, and nightly club aptly called The One&mdash;<a href="" rel="nofollow" target="_blank">frequently makes the news</a> for being America's priciest home. Clocking in at $500m, the property is still waiting for a billionaire buyer.</p> New interior renderings revealed of Aston Martin's luxury apartment tower in Miami Alexander Walter 2018-02-28T14:07:00-05:00 >2018-02-28T14:09:41-05:00 <img src="" border="0" /><em><p>After breaking ground on its first-ever real estate project last fall (the aptly named Aston Martin Residences in downtown Miami), British automaker Aston Martin has unveiled never-before-seen renderings of the building&rsquo;s amenity spaces.</p></em><br /><br /><p>Aston Martin's first venture into branded luxury real estate <a href="" rel="nofollow" target="_blank">broke ground</a> in Downtown Miami last fall and is expected to welcome its deep-pocketed residents in 2021.&nbsp;Until then, check out these new renderings of some of the amenities at the <a href="" rel="nofollow" target="_blank">Aston Martin Residences</a> tower.</p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Aston Martin Residences/G&amp;G Business Developments</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Aston Martin Residences/G&amp;G Business Developments</figcaption></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><figcaption>Aston Martin Residences/G&amp;G Business Developments</figcaption></figure><p>"The newly released renderings reveal common areas with floor-to-ceiling walls of glass that overlook the water, floating staircases that connect the floors, and whimsical light fixtures," explains the marketing material. "In the gym, walls of glass look out to the water so residents can exercise while enjoying a stunning view; in the lobbies, neutral-hued furniture creates an inviting environment."<br></p> Driverless technology is about to reshape the real estate industry Alexander Walter 2018-02-16T18:06:00-05:00 >2018-02-20T18:01:03-05:00 <img src="" border="0" /><em><p>The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways. [...] But now, the dawn of the driverless car&mdash;promising a utopia of stress-free commutes, urban playgrounds and the end of parking hassles&mdash;threatens to complicate the calculus for anyone buying property.</p></em><br /><br /><p><em>Bloomberg Technology</em> explains how the real estate industry is already preparing for all that sweet, sweet valuable space to open up for development once the widespread arrival of driverless vehicles makes parked cars &mdash; and the blocked square footage they occupy &mdash; a thing of the past.&nbsp;</p> Lella and Massimo Vignelli's legendary New York home to list for $6.5 million Justine Testado 2018-01-26T14:10:00-05:00 >2018-01-26T14:11:05-05:00 <img src="" border="0" /><em><p>Other than the conversion of the dining room into a library and a den into office space in 2000, the apartment has remained largely unchanged since the 1970s. &ldquo;Some people might see this as dated,&rdquo; [Luca] Vignelli said. But much of the apartment feels timeless, as his parents intended, he added: &ldquo;I would love to see somebody who appreciates the space and their presence in the space&rdquo; as a buyer.</p></em><br /><br /><p>The design legacy of the late Lella and <a href="" rel="nofollow" target="_blank">Massimo Vignelli</a> lives on in their New York home, which will be listed for $6.5 million.&nbsp;The home hasn't changed much since the couple bought it in 1978. Their children Luca and Valentina Vignelli, who are selling the duplex because they both live elsewhere, are hoping they can find the right buyer.&nbsp;</p> Virtual reality's emergence in real estate. Finally, Penthouse shopping made easy! Anthony Morey 2018-01-15T15:07:00-05:00 >2018-01-15T15:18:43-05:00 <img src="" border="0" /><em><p>Virtual reality, a technology that most associate with gaming, entertainment and dystopic warnings from sci-fi writers including Ray Bradbury and Neal Stephenson, has moved into the real estate world in a big way.</p></em><br /><br /><p>With increasing <em>frustration</em> of penthouse shoppers reaching an immeasurable high, a novel application of new technology has been making a splash in the real estate market. <a href="" rel="nofollow" target="_blank">Virtual reality</a> has become the go-to tool for allowing <a href="" rel="nofollow" target="_blank">real estate</a> investors the opportunity to see precisely what they are paying for, before paying for it.&nbsp;</p> <p>Developers and Architects had already begun to use <a href="" rel="nofollow" target="_blank">virtual reality</a> as a means to understand ongoing projects, specification questions or operational processes but now this medium of spatial exploration has reached the ultimate audience, the potential inhabitant/client.</p> Longaberger "The Big Basket" building sold to developer; reconstruction announced Alexander Walter 2018-01-04T20:00:00-05:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><em><p>The Longaberger basket building has been sold. The iconic seven-story office building at 1500 E. Main St. in Newark has been sold to Coon Restoration of Louisville, which is near Canton. The developer has an eye toward converting the building and its 21-acre site to a new use, the company said in a release.</p></em><br /><br /><p>Developer Steve Coon, the landmark building's new owner, hasn't revealed specific details about his redevelopment plans for the property but announced Cleveland-based Sandvick Architects as the designers for the job.&nbsp;</p> Frank Lloyd Wright designed Olfelt home is now for sale at $1.3M Hope Daley 2017-12-28T18:56:00-05:00 >2017-12-28T18:56:25-05:00 <img src="" border="0" /><p>A rare find on the <a href="" rel="nofollow" target="_blank">housing market</a>: The Olfelt House designed by <a href="" rel="nofollow" target="_blank">Frank Lloyd Wright</a> can now be <a href="" rel="nofollow" target="_blank">yours for $1.3 million</a>. Located in St. Louis Park, Minnesota this rare find includes 3 beds and 2 baths set on 3.77 acres of private, grassy meadows. The house features a vaulted great room, walls of glass, and extensive built-ins. This 2,647-square-foot house was designed by Wright in 1958 and completed in 1960&nbsp;for Paul C. Olfelt, a radiologist. The Olfelts worked with Wright personally before the architect&rsquo;s death in 1959.</p> <figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p></figure><figure><p><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></p><p><br></p><figure><figure><a href=";w=1028" rel="nofollow" target="_blank"><img src=";w=514"></a></figure></figure></figure><figure><figure></figure></figure> Hong Kong, London, Los Angeles dominate list of most expensive homes sold in 2017 Alexander Walter 2017-12-21T15:40:00-05:00 >2017-12-21T15:41:08-05:00 <img src="" border="0" /><em><p>After 2016 smashed records for the planet&rsquo;s biggest deals, this year was not far behind. There was a noticeable flurry of activity in the aptly named Golden State of California where the rich and famous &ndash; and we&rsquo;re talking the likes of Beyonc&eacute; and Jay Z &ndash; flocked to snap up a piece of prime LA luxury. But three of the most expensive homes were all inside one development in Hong Kong.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> Earn your Master’s Degree in Real Estate at MIT! Apply before January 15th! Sponsor 2017-11-09T09:00:00-05:00 >2017-11-08T17:23:22-05:00 <img src="" border="0" /><figure><p><a href="" rel="nofollow" target="_blank"><img src=";w=514"></a></p></figure><p><strong><em>This post is brought to you by <a href="" rel="nofollow" target="_blank">MIT's&nbsp;MSRED</a></em></strong></p> <p>The MIT&nbsp;<strong>Master of Science in Real Estate Development&nbsp;</strong>(MSRED) offers an unparalleled education in real estate practice. Our groundbreaking MSRED degree presents a program that is rigorous, concentrated, multidisciplinary and geared toward direct application.</p> <p>Candidates for the MSRED degree come to the Program with several years of experience within the built environment. The program offers students a chance to sharpen their skills by working with other professionals of exceptional promise. Building partnerships that will last long after graduation, MSRED students learn team building in an international context, applying research to real-world problems in a disciplined and intellectual framework.</p> <p><strong>Why earn an MSRED?</strong></p> <p>MIT&rsquo;s Master of Science in Real Estate Development (MSRED) is the most concentrated, science-based graduate degree in real estate available. Launched in 1983 by the MIT Center for Real Estate, the MSRED is the first one-year degree...</p> Frank Lloyd Wright’s upstate mushroom-shaped house asks $1.5M Dana Schulz 2017-11-06T14:46:00-05:00 >2017-11-06T14:47:56-05:00 <img src="" border="0" /><p>In&nbsp;Pleasantville, New York is a 1947 Usonian community of 50 houses that blend in with their surrounding landscape. All were approved by Frank Lloyd Wright, but three were built by the architect himself, the Sol Friedman House being one. Famous for its mushroom-shaped roofs and carport, the incredible home is <a href="" rel="nofollow" target="_blank">now for sale asking $1.5 million</a>.</p> <figure><img src=""><figcaption>courtesy of Houlihan Lawrence</figcaption></figure><figure><img src=""><figcaption>courtesy of Houlihan Lawrence</figcaption></figure><figure><img src=""><figcaption>courtesy of Houlihan Lawrence</figcaption></figure> MIT study predicts autonomous vehicles to fuel construction boom Alexander Walter 2017-10-24T19:46:00-04:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><em><p>It&rsquo;s 2027 (or 2037) and the age of the self-driving car. City-dwellers have traded in their car keys for ride hails. Street parking has been replaced by wider sidewalks and bike lanes, while developers are busy converting garages into much-needed housing. That&rsquo;s one vision of how self-driving cars will affect U.S. real estate, laid out in a report by MIT&rsquo;s Center for Real Estate. But it&rsquo;s not the only one.</p></em><br /><br /><p>"Even as reclaimed parking spaces fuel a downtown building boom," <em>Bloomberg</em> reports, "autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don&rsquo;t have to drive, according to the report [...]."</p> <p>Read the full report <em>Real Trends: The Future of Real Estate in the United States</em> <a href="" rel="nofollow" target="_blank">here</a>.</p> Aston Martin breaks ground on their first luxury apartment tower in Miami Justine Testado 2017-10-23T14:59:00-04:00 >2017-10-23T15:00:44-04:00 <img src="" border="0" /><em><p>The condo venture is just one of the ways in which [Aston Martin] is diversifying into a general luxury brand, rather than just a car company...The 391 condos will sell for between $600,000 and $50 million, and include seven penthouses and a duplex penthouse with private pools. There will also be a spa, cinemas, and a virtual golf room, as well as direct access to a yacht marina. You get the picture.</p></em><br /><br /><p>From $4 million submarines to $4,000 baby strollers, luxury automaker Aston Martin is expanding their brand. Their latest venture is the <a href="" rel="nofollow" target="_blank">Aston Martin Residences</a>, a sail-shaped, 66-story apartment tower that broke ground in downtown Miami last week. Completion of the tower is currently slated for 2021.</p> As shopping malls are dying in urban areas, land becomes available again for housing Alexander Walter 2017-10-04T13:47:00-04:00 >2017-10-04T13:50:02-04:00 <img src="" border="0" /><em><p>Acres of prime real estate are opening for redevelopment as America&rsquo;s malls struggle to compete with Amazon and other online giants, offering developers a rare shot to remake swaths of land in the country&rsquo;s built-out metropolises. In particular, real estate experts say, the demise of retail centers provides one of the best chances to add needed housing [...].</p></em><br /><br /><p>In his article, <em>LA Times</em> reporter Andrew Khouri also points out the drawbacks of these new development opportunities, writing "residents voiced concern that the development will make the area more attractive to those of higher incomes and put upward pressure on rents in the surrounding area, even as the housing supply expands."</p> HGTV as economic indicator Nam Henderson 2017-09-26T12:15:00-04:00 >2017-09-26T12:16:05-04:00 <img src="" border="0" /><em><p>A recent, worrisome working paper released by the National Bureau of Economic Research reported on the tinder of the last conflagration...It was buyers from the top and middle top who account for the skyrocketing rate of default &mdash; and it wasn&rsquo;t that they were buying bigger family homes that they couldn&rsquo;t afford. It was that they were buying additional houses to flip for a profit</p></em><br /><br /><p>Caitlin Flanagan looks at the gangbusters growth of "flipping" shows on HGTV and wonders if they are perhaps a signal of the next boom/bust cycle in US housing market.<br></p> Examining the Housing Crisis—a book and a film Anastasia Tokmakova 2017-09-01T15:46:00-04:00 >2017-09-01T15:46:31-04:00 <img src="" border="0" /><em><p>Housing has instead become one of the primary drivers of global capitalism, through commodification and financialization, making its function as real estate more important than its use as lived, space. It is the result of spatial developments being market-driven. Madden and Marcuse: &ldquo;housing is not produced and distributed for dwelling at all,&rdquo; but &ldquo;as a commodity to enrich the few.&rdquo;</p></em><br /><br /><p>The German documentary <em>City for Sale</em> that came out last year and the recently released book <em>In Defense of Housing</em> are the perfect match for anyone who wants to learn about the broken nature of housing markets, the crisis currently happening in all big cities worldwide.</p> <p><em>City for Sale</em> consists of interviews taken over a course&nbsp;of 4 years, where the author, Andreas Wilcke, accompanies real estate agents and investors during their daily routine and films tenants struggling to cope with the situation, providing the viewers with an opportunity to experience the turnaround of a whole city virtually at first hand. <em><br></em></p><p><em>In&nbsp;Defense of Housing</em> by&nbsp;David Madden and Peter Marcuse, too, is full of examples from both sides of the story, where personal property are examined as both categories&ndash;shelter, safety, identity for the general population versus investment and a supplemental source of income for the lucky few. The book also demonstrates examples of numerous cities and countries, detailing destructi...</p> A 1960 Frank Lloyd Wright home near Minneapolis is now for sale Nicholas Korody 2017-04-19T12:43:00-04:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><p>Over the past couple days, there&rsquo;s been a <a href="" rel="nofollow" target="_blank">string</a> <a href="" rel="nofollow" target="_blank">of</a> iconic modernist homes put on the market. Now, a pretty incredible Frank Lloyd Wright is for sale. 2206 Parklands Lane, close to downtown Minneapolis, is a 3-bedroom, 2-bath home built in 1960. It&rsquo;s made primarily of brick, stone and wood and set on a 3.77 acre lot. It&rsquo;s stocked with some original furniture too. Check out the listing <a href="" rel="nofollow" target="_blank">here</a>.</p><p><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""><img title="" alt="" src=""></p> Eisenman's iconic 'House II' is now on the market for $850K Nicholas Korody 2017-04-18T17:36:00-04:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><p>Built in 1970, &lsquo;House II&rsquo; by Peter Eisenman is a major icon of structuralist architecture&mdash;and it&rsquo;s now on the market for $850K.&nbsp;</p><p>One of ten experimental houses Eisenman designed, only four of which were built, House II is heavily influenced by the work of Noam Chomsky. The house comprises three two-story bays sheathed in plywood and intercut with skylights, partial walls, and openings in the floor. But the design wasn&rsquo;t exactly contextually-appropriate: its flat roof didn&rsquo;t mesh with the cold Vermont winters. So the original designers added a slightly sloped roof, floor grates, and expanded walls.&nbsp;</p><p><img title="" alt="" src=""><br><br>Even then, House II suffered from leaks and moisture-trapping paint. Eventually, in 2000, the rather deteriorated house was renovated and brought back to its original design &ldquo;less as a practical dwelling than as a landmark of late-twentieth-century architecture&rdquo;, according to the <a href="" rel="nofollow" target="_blank">Society of Architectural Historians</a>.</p><p>Now it can be yours! Situated on a beautiful 80-acre plot of land, it comes ...</p> Developing flexible parking garages for a rideshare-dependent LA Justine Testado 2017-04-18T13:37:00-04:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><em><p>The strategy reflects a consensus among some developers and planners that California&rsquo;s vaunted car culture is inevitably going to run out of gas...[Andy] Cohen, co-chief executive of Gensler, predicts car ownership will peak around 2020 and then start to decline, with more Americans relying on some form of ride-sharing than their own vehicles by 2025. That means cars gradually would disappear from home garages, curbs and parking structures, freeing up acre upon acre of real estate for new uses.</p></em><br /><br /><p>Some developers are already planning for a not-so-far-off future Los Angeles where more people primarily rely on ridesharing (including from autonomous vehicles) than driving their own car, particularly in the form of parking garages that can be redesigned for other uses like commercial spaces or live/work units.</p><p><em>&ldquo;...despite what some believe is the inevitability of a transportation revolution, many builders are reluctant to pay for flexibility until changes in driving habits are more pronounced, said Los Angeles real estate attorney Justin Thompson of Nixon Peabody. A lot of developers may think, &lsquo;Well, that&rsquo;s going to be on the back burner for a while,&rsquo; Thompson said, &lsquo;but the progressive developers are going to factor this in.&rsquo;&rdquo;</em></p> The Booth House, Philip Johnson's first constructed commission, now up for sale Nicholas Korody 2017-04-17T17:35:00-04:00 >2017-04-17T17:38:25-04:00 <img src="" border="0" /><p>Built in 1946 in Bedford, New York, the 1450 sq. ft. Booth House was Philip Johnson&rsquo;s first constructed commission. In 1955, photographer Robert Damora and his wife, the architect Sirkka Damora, moved in, intending for it to serve as temporary housing until they could build a home of their own design. After falling in love with the spare design, they stayed&mdash;until now. At age 93, Sirkka Damora is unable to manage the home physically or support it financially. The Booth House has been put up for sale and Damora is on the hunt for a new owner respectful of the value of the design.</p><p><img title="" alt="" src=""></p><p>The Booth House is similar to the Glass House in many ways. It&rsquo;s built on a wide, grass-covered podium and features a large central fireplace as well as lots of glass. Unlike the Glass House, the Booth house has private rooms as well as generous storage. The Damora family were respectful of the original design even as their family grew. So they expanded by adding a subterranean lower level. They also built a s...</p> Jose Oubrerie's legendary and innovative Miller House on the market for $550K Julia Ingalls 2017-04-13T14:34:00-04:00 >2018-01-30T06:16:04-05:00 <img src="" border="0" /><p>According to a listing on <a href="" rel="nofollow" target="_blank">Zillow</a>, Jose Oubrerie's&nbsp;visually complex, materially innovative Miller House is now on the market for $550,000. Each room is a study in unusual and exactingly executed detail; cabinets transition seamlessly into L-shaped shelving, while doors become hosts for asymmetrically placed conduits latched with what appears to be matte-finished silver nickel. Vivid bursts of color abruptly appear among otherwise natural-toned wood, from an electric blue wall to a wild red kitchen cabinet.&nbsp;</p><p><img title="" alt="" src=""></p><p><img title="" alt="" src=""></p><p>The effect is something akin to traveling through an architect's unbridled imagination; although the house does possess its own internal logic, the constant visual stimulus delivers perpetual surprise.</p><p><img title="" alt="" src=""></p><p>The Zillow listing possess a link to a <a href=";mls=1" rel="nofollow" target="_blank">3D photographic tour</a> of the house, which allows one to get a fuller sense of how the elements interlock, and just how dizzying it is to stride from one floor to another.&nbsp;</p>