One reason why the life sciences sector is hot and getting hotter: the silver tsunami, according to Bisnow. Aging baby boomers will drive the over-65 population higher in the United States, requiring further innovation in disease cures and pharmaceuticals. The evolving life science environment is driven by cutting edge technology and rapid growth in scientific innovation, writes The Commercial Observer: Emerging trends that are fusing bioengineering design and manufacturing are evidenced by advanced diagnostic testing, Modern Meadow synthetic biology experiments, Epibone’s tissue engineering, and even wearable technology to maintain precision …

This is just a partial list of some of the licensing changes happening in the industry starting this year. To find out what may be changing in your state, check with your broker, your state realtor® board, or the National Association of Realtors®. Arizona will permit online pre-licensing. With the passage of Arizona House Bill 2399, real estate pre-licensing requirements can now be done online, according to PDH Academy. Real estate CE has always been available online, but pre-licensing courses were only available in a classroom. Virginia adds new education …

Cybersecurity risk management and prioritizing resilience will be among the trends that help shape smart cities in 2019. This is according to The Urban Land Institute and PriceWaterhouseCoopers (PwC) 40th annual Emerging Trends in Real Estate report. “[T]hink of this year’s trends as circles in a Venn diagram,” the report reads. “Trends will overlap, indicating that they interact, and over time those interactions (sometimes involving more than just two circles) foster new conditions that can alter either the features of the trend, its relative strength, and even its duration. We …

First, the common perception is that Millennials are not interested in buying homes and only interested in living in an urban environment. No suburbs. Renting only. Then came the surprising twist that this generation, reaching age 35, is starting families and revving their careers — and not only are they interested in home ownership, but it’s more than okay if the homes are located in the suburbs.  Rising pay and low mortgage rates also helped support this American Dream. Now, though, comes a disappointing turn: it’s not the Millennials who …

The most well-known company in commercial real estate office coworking is rebranding and changing its name in 2019. WeWork, which began as a modest startup in 2010 as a source for desk space, is now to be known as The We Company. The goal: to push beyond desk space and expand into creating residential and educational space as well. According to Fast Company, The We Company will be made up of three main business units: WeWork (its original office business), WeLive (for residential units), and WeGrow (which will include an …

The Tax Cuts and Jobs Act is a benefit to the real estate industry in two significant ways, as discussed at the Commercial Legislation & Regulatory Advisory Board meeting at the REALTORS® Conference & Expo in late 2018. The creation of Opportunity Zones. These areas have been officially designated by the IRS as lacking investment. Individuals, corporations, businesses, REITs, estates, and trusts can benefit from large tax incentives for investing in Opportunity Zone funds that support real estate development in these areas. For instance, Opportunity Zone investors can legally avoid …

With real estate as a strong consideration, where in the country would you have a great chance of finding your life partner? Detroit. Yep. Detroit’s metro area boasts the highest percentage of singles who own their own homes, according to a recent realtor.com report. In the Motor City, the median home price is just $220,000. That’s almost a third less than the national median home price of $289,000. In Detroit, about a quarter of all male residents are single homeowners (23.4 percent). Danielle Hale, chief economist of realtor.com, says that …

Curbed took a look at the upcoming year in real estate, including the biggest projects currently in the works. According to the site, “[these are] far from the only projects taking shape, but they are all predicted to fully open or reach significant milestones sometime this year.” Here’s the rundown, in no particular order: Philadelphia: Comcast Development Center This $1.5-billion-dollar supertall development is expected to alter the Philadelphia Center City skyline. Comcast CEO Brian Roberts purchased three condos on the 45th floor, and The Four Seasons hotel will be located …

Is it time for us to start wringing our hands over the changing state of the U.S. housing market this year? Redfin predicts that the housing market will continue to cool throughout the first half of 2019, and that house flippers and investors will back away from the cooling market. Investors Business Daily acknowledges a 2018 cooling, and predicts that 2019 will be a tough year for both buyers and sellers. However, continued economic growth and rising employment should help ease at least some pain. One of the main concerns: …

The beloved sci-fi cult film Blade Runner, starring Harrison Ford and based on the novel Do Androids Dream of Electric Sheep? debuted in 1982. The story was set in a bleak, rainy Los Angeles of 2019, and concerns police officer Rick Deckard (Ford) who is tasked with hunting down “replicants” on the loose who seem to be “more human than human.” Recently, Bisnow London took a look at what the film got right and wrong about the city of the future. Here’s what the film got right: Density The film …