From a disclosed net worth of $124 million in 2001, the 68-year-old Joel Wiener today has a fortune of $1 billion, according to the Bloomberg Billionaires Index.
NREI looks at the top 10 suburban areas surrounding major cities that have the best potential for millennial population growth.
The cost of materials important to the construction of apartments rose 3.6 percent over the year that ended in September, according to the producer price index from the Bureau of Labor Statistics.
The median rent in buildings without doormen fell 1.9 percent in October from a year earlier to $2,840.
Westfield is the latest in a string of mall developers and landlords whose firms have begun adding non-retail uses to existing retail properties.
Here’s how development opportunities look in the metro areas with the lowest current apartment vacancy rates.
Many HNW investors and family offices are hunting for assets in secondary and tertiary markets, rather than in super-competitive “gateway” cities.
There is a burgeoning trend among developers across the U.S. to bring the use of wood to new heights in commercial real estate.