Kardashian and SEC in the same sentence?

Kim Kardashian gets fined over $1M by the SEC for promoting securities. Where she tripped up?

What's up Calculated Investors. 

Kim Kardashian gets fined over $1M by the SEC for promoting securities.  Where she tripped up?  Not disclosing that she was PAID $250k for the social media post that promoted a crypto token. 

Even though this has nothing to do with commercial real estate, I think it serves as an important reminder that the SEC should not be trifled with.  Clean up your communications with passive investors.  No reason to poke the SEC beehive. 

Vacancy rates continue to climb for office space in major cities.  Remote work and affordability are only going to continue to hurt this sector. A major business district in Chicago is switching gears to convert offices into multifamily redevelopment. 

I'm seeing this as well in my own neighborhood.  A major mall / retail outlet is being redeveloped into a mix use, multifamily apartment + senior housing + parking garage megacenter.  Active investors and ground up developers are about to get awfully creative.   

Let's get into it - ๐Ÿ’ฒ๐Ÿ ๐Ÿ’ฒ

Calculated Market

  • Western US ๐Ÿค ๐Ÿค  sees net positive migration trend (CNBC)

  • Retail Real Estate seeing biggest revival in years (WSJ)

  • Remote work hurting office vacancy rates in major cities (BP)

  • 8 Multifamily terms you should know (BESTCRE)

  • Chicago to convert famous business district into apartment complexes (WSJ)

  • We still have a lot to learn when it comes to building "smart cities" (PROP)

  • CRE investors attempt to assess the damage of hurricane ๐ŸŒ€๐ŸŒ€ Ian (BISNOW)

  • European manufacturers flock to US (WEALTH)

  • Property Managers start to use TikTok to bring in new tenants (ME)

  • Goldman sees US housing prices to fall 5 to 10% (CalculatedRisk)

  • Kim K settles for over $1M with the SEC for illegally promoting a security (CNBC)

  • Miami rent up 22% over last years numbers as rents continue to trend upward (GLOBE)

  • Mortgage Banker's Association expects mortgage volume to drop 14% from 21' (CON)

  • AirBnB spends chunk of money on lobbying to maintain favorable conditions (REALDEAL)

Featured Video Of The Week

Jake & Gino outline how to break through the fears that may be holding you back from investing in multi-family

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Discussions You Don't Want To Miss

  • Oct. 13th - Travis Watts + Ash Patel - How To Pivot To Non-Residential CRE in a Recession (Register Here)

  • Oct. 20th - Mike Morawski - 3 day Multi-family Virtual Summit (Register Here)

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