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 CoreLogic, cash sales accounted for 32.4 percent of total U.S. home sales in November 2016, down 4.5 percentage points year over year from November 2015.
According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes rose 3.7 percent in January 2017 to a seasonally adjusted annual rate of 555,000 units.
According to the Miami association of Realtors, Miami-Dade County single-family home sales, median prices, and dollar volumes all increased year-over-year in January 2017.
The U.S. Apartment and Condominium index posted a gain of two points to 55 in the fourth quarter of 2016. The MPI has been at 50 or above for five straight years.
Shanghai became the top city for real estate investment in Asia Pacific in Q4 2016. Thanks to a steady stream of transactions at the end of the year.
According to the latest research from CBRE Group, Inc., capitalization rates on U.S. commercial real estate remained largely stable in the second half of 2016, as prices softened slightly.
Not only was Super Bowl 51 a big win for Tom Brady and the New England Patriots, it was a big win for the city of Houston itself.
50,047 single- and multi-family residential homes in the U.S. could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion.
Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.
According to a new report by JLL Hotels & Hospitality Group, the flurry of hotel mergers and acquisitions seen in 2016, with high-profile deals such as Marriott International's acquisition of Starwood Hotels & Resorts.
Housing starts returned to trend, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units.
The music streaming service will now lease 387,243 square feet of office space at the Class A, 2.3 million-square-foot commercial office building.
Commercial real estate lending volume in the U.S. finished the year on a strong note as loan closings surged in November and December 2016.
According to CBRE Group latest Manhattan Retail MarketView for fourth quarter 2016, New York City's retail market has hit a tipping point. Following a tremendous run-up in rents over the past four years, average-asking rents eased in 2016.
According to JLL, 2016 has been another strong year for office demand in Dublin, with 2.7 million square feet of office space occupied in the last 12 months across 232 deals.
The world's most dynamic cities in JLL's fourth annual City Momentum Index (CMI) share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity.
2017 started with only the second rise in federal interest rates since 2006 and the start of a new presidential administration that is already showing itself to be very disruptive on many fronts.
According to the newly released Last Mile / City Logistics Report from CBRE, the rapid rise of e-commerce has driven the most disruptive movement to the industrial & logistics industry, transforming the way we think about industrial real estate.