Adding residential development to commercial zones can reduce crime rates
Mar 8, 2013
The Bank of China is starting to concentrate on U.S. commercial real estate and Los Angeles has seen crime rates slip when residential and commercial real estate come together. Here’s what you might have missed this week:
Fox Business: Bank of China makes larger push into U.S. commercial real estate
The Bank of China is leading the pack of foreign investors in the United States’ commercial real estate market. Rising demand for commercial mortgage bonds has led the Chinese bank to branch out into securities as investors search for investments with higher yields. Despite the greater risk, the bonds are selling quickly. Find out how the Bank of China has the capital and lending power at Fox Business.
Anchorage Daily News: Chris Stephens: Commercial real estate produces lots of jobs in city
Anchorage is reaping the benefits of the city’s large commercial real estate presence. Columnist Chris Stephens details how tax revenues are contributing to local schools and how each commercial transaction supports the local economy through job creation. See what jobs commercial real estate is supporting at the Anchorage Daily News.
Vegas Inc: Out-of-state investors spend millions on bulk real estate deals
These days, investing in Las Vegas real estate is a gamble, but for some out-of-state investors it’s a risk they’re willing to take. Low rent, high vacancy rates, and few new tenants have slowed the Vegas market’s recovery but recently investors are crossing state lines to scoop up the city’s commercial real estate in bulk. Buyers are betting that the market will recover and are poised to make a big profit if it does. Read more about investors’ motivation to take a gamble at Vegas Inc.
Wall Street Journal: Zoning changes take a bite out of crime, study says
A recent study in Los Angeles revealed that adding new housing to blocks dominated by retail or commercial real estate lowered the area crime rate. Zoning changes that took place over four years in 180 neighborhoods led to a 7% drop in crime compared to similar neighborhoods. See what the study might mean for reducing crime in urban commercial areas at the Wall Street Journal.
Posted by: Raymond T. Cirz