Michael Gerrity, Founder & CEO - WORLD PROPERTY JOURNAL™
Besides running the day to day operations of the WORLD PROPERTY JOURNAL, Mr. Gerrity has also served on several Boards over the last decade that include the Central Florida Technology Partnership's Digital Media Advisory Board, City of Orlando’s Technology Board, The Economic Development Commission’s Film & Television Board and he is a founding Board Member of Digital Media Alliance Florida - a statewide digital media industry association. In addition he is a member of the National Association of Real Estate Editors (NAREE).
As founder and CEO of the WORLD PROPERTY JOURNAL, Mr. Gerrity has also been interviewed over the last few years by numerous local and national news media organizations that include NBC Nightly News with Brian Williams, NBC Today Show, TIME Magazine, Orlando Sentinel, Orlando Business Journal, The New York Times, Palm Beach Post and Florida Trend Magazine. Mr. Gerrity was also awarded the prestigious "40 under 40" Entrepreneur Achievement Award of Central Florida from the Orlando Business Journal in 2000.
According to CBRE, Tokyo, New York and Los Angeles are the world's largest commercial real estate investment markets, with the global stock of investable commercial real estate assets standing at $27.5 trillion.
According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes.
According to CBRE, strong fundamentals, growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S.
With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018
According to a new analysis from Redfin, in the first half of 2017, over 7.4 percent more people moved out of politically blue (Democratic) counties than to them.
According to CBRE, vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace for declines.
A total of 191,824 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the third quarter, down 13 percent from the previous quarter and down 35 percent from a year ago to the lowest level since Q2 2006
According to Cushman & Wakefield, a strong tech sector and the effects of a robust construction pipeline influenced U.S. office fundamentals during 2017's third quarter.
According to CoreLogic's latest hazard risk analysis, a total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires in the Napa and Santa Rosa metropolitan areas.
Global real estate adviser Knight Frank's newly appointed European Capital Markets Board are optimistic for the future of the European real estate markets
According to CBRE, new construction of self-storage facilities is on the rise, with approximately 900 facilities expected to be constructed in 2017 - a 50% increase on the 600 new projects constructed last year.
According to the Greater Las Vegas Association of Realtors, local home prices continued to rise rapidly, while home sales stabilized in September 2017.
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.
According to JLL, over $1.5 billion of Irish commercial properties have traded so far in 2017. While this is lower than 2016, last year was an exceptional year.
According to CoreLogic's latest Home Price Index for August 2017, U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 percent from August 2016 to August 2017.
Office rents in London's skyscrapers are the highest in Europe as companies continue to pay a premium for space in the city's tallest buildings.
The recent 7.1 magnitude earthquake that stunned Mexico City (and surrounding states of Mexico, Morelos and Puebla) is now having a strong impact on Mexico's commercial real estate market.
Total U.S. commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter of 2017, as three of the four major investor groups increased their holdings.
Granger MacDonald, chairman of the National Association of Home Builders (NAHB), today issued the following statement on the tax plan put forth by the White House and GOP congressional leaders: