#FinishLizasRun
Issue 100 - September 9th, 2022
I am taking a break from writing about real estate this week to encourage everyone reading this to keep Liza Fletcher’s family in your thoughts today. I am sure some of you saw the horrible news this last week about the kidnapping & murder of Liza Fletcher in my hometown of Memphis,TN.
Liza was someone I knew from a very early age in life. We were just one grade apart in school growing up, and she touched the lives of many people in the Memphis community and around this entire country - she is an incredible inspiration to so many people and leaves behind a great family, friend group, and many people who love her very much. We were never best friends by any means, but the thing about Liza is she made everyone feel like her best friend. She was one of the nicest, funniest, and friendliest people you would have ever met. She was also a fierce competitor and super athlete, and I have fond memories of her beating the crap out all of the guys in tennis and swim meets when where we are all young kids.
This morning there were organized run groups all over the country to honor Liza, and it is so cool to see the positive impact she made on so many people’s lives. Liza will never be forgotten. Take a moment today to go browse Instagram or Twitter and search for #FinishLizasRun or #RunForLiza to see all of the amazing run groups and memorials to honor Liza.
Liza - we will never forget you.
One of the more impactful and awesome articles I have seen this week was written by Liza’s soccer coach from The University of Memphis - give it a read here!
To Liza, From Coach (University of Memphis Blog)
Awesome scene this morning in Memphis below!
I started writing this newsletter during the dog days of the Pandemic and today is my 100th issue. I appreciate everyone who is reading this right now, and please share with others who may enjoy it! You all are the reason I push myself to write every week, and I want to keep improving this content over time! Thank you very much.
Newsworthy Links To Share
SpaceX files to build 520K-square-foot facility in Bastrop County (Austin Business Journal)
Record highs: Private equity firms are buying up multifamily properties at rates that haven’t been seen in seven years. During the first six months of 2022, Manhattan multifamily sales alone reached $4.4 billion, 75% of total sales. Post-pandemic demand has skyrocketed Manhattan rents, reaching an all-time high of $4,100 per month in July. (CRE Daily)
San Francisco’s downtown area is filled with empty office space. More than 25 million SF of commercial space is currently available for lease or sublease. Vacancies rates are far beyond those seen during the Great Recession and Dot-Com bubble. In the worst-case scenario, future vacancies could reach 53% in the Jackson Square area and 43% in the mid-Market by 2024. (The San Francisco Standard)
Own Up, a digital mortgage shopping service, announced a commercial relationship with Realtor.com. Own Up and Realtor.com are mission-aligned companies, both aiming to improve the home buying process for Americans looking to close on their dream homes. (Global Newswire)
Zippy, a home loan application platform, raised $15.6M venture funding from undisclosed investors, per Pitchbook. The company has raised $18.7M to date.
Arrived Homes announced expanding its real estate crowdfunding platform to the short-term vacation rental market. (FinLedger)
Juniper Square has laid off about 14 percent of its staff, joining the growing list of proptech firms cutting headcount. The San Francisco-based company creates software for general partners and limited partners in commercial real estate deals to connect and communicate with each other. Its clients include top real estate players such as Tishman Speyer, Greystar, and Bell Partners.(The Real Deal
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