The Green New Deal would lead to significant overhauls in how U.S. real estate is developed and how Americans go about their daily commute. The bill, which is not expected to pass an upcoming vote in the U.S. Senate, also calls for “upgrading all existing buildings in the United States.”  The Green New Deal, introduced by U.S. Rep. Alexandria Ocasio-Cortez (D-NY) and U.S. Sen. Ed Markey (D-MA), promises to tackle both global warming and income inequality. The bill warns global warming will cause the U.S. to lose $500B in economic output by…

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January temperatures chilled parts of the United States to record lows as hotel performance in some markets froze while others cranked up the heat. On 3 January, a few sections of the Polar Vortex split away from their usual area over the North Pole, and moved down to the United States’ Great Lakes area. With these splits came temperature drops and wind chills below minus 40 degrees Fahrenheit, the coldest since the early 1990s, according to the National Weather Service. The effects of this Polar Vortex split will be felt…

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Martens Appraisal provides expert commercial appraisal services for apartment (multi-family) properties throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides apartment (multi-family) appraisals. We have experience in a variety of apartment (multi-family) types including duplex portfolios, FHA properties, large apartment complexes, age-restricted, LIHTC properties and assisted living properties. Whether you are a tenant in need of understanding the market lease rate for space, an investor considering purchasing, or a bank in need of an appraisal to accompany a loan, Martens Appraisal can help.…

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During the week of 10-16 February, U.S. hotel occupancy rose 0.7% to 63.5%, ADR increased 2.7% to $131.99 and RevPAR rose 3.4% to $83.88. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR. In comparison with the week of 11-17 February 2018, the industry recorded the following: • Occupancy: +0.7% to 63.5%• Average daily rate (ADR): +2.7% to US$131.99• Revenue per available room (RevPAR): +3.4% to US$83.88 Among the Top 25 Markets, San Francisco/San…

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Martens Appraisal professionals have served as expert witnesses and have provided valuation and advisory services in connection with bankruptcies, eminent domain, utility and pipeline easements, adverse possession, condemnation, condemnation appeal, inverse condemnation, divorce settlements, breaches of contract, tax appeal, and tenant-landlord disputes among others. Our experts have testified in local, state and federal courts. Marten’s Appraisal litigation support professionals are dedicated to assisting clients with the planning, preparation and presentation expertise that is unique to real estate-based legal challenges. OUR CAPABILITIES Martens Appraisal has the resources to help solve any…

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A look at U.S. hotel performance data for the past three holiday weekends shows gains for Friday to Sunday, but losses on the actual Presidents Day holiday on Monday. Comparison of STR hotel performance data for past Presidents Day weekends shows an increase in both average daily rate and demand, resulting in a significant boost to revenue per available room, particularly on the Saturday. For this data snapshot, STR studied U.S. hotel performance data over the past three Presidents Day weekends (2016-2018). STR is the parent company of Hotel News Now. Hotels…

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