Propmodo

Propmodo is an international multimedia initiative that investigates the impact of new technologies on our constructed surroundings.

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The Business of Surf Parks and the Real Estate Strategy Behind the Break

4 days ago | propmodo.com | Travis Barrington

Surfing has always held a unique place in culture. It's more than a sport. It is a lifestyle, a symbol of freedom, and a physical form of expression. But for most of its history, surfing has been defined by geography. It depended on coastlines, tides, and unpredictable weather. That dependency kept it at the margins of real estate development for decades. That is now beginning to change. Over the past ten years, advancements in wave-generation technology have brought surfing inland.
Can NYC's Broker Fee Reform Withstand Legal Pushback?

1 week ago | propmodo.com | Franco Faraudo

As New York City prepares to implement the Fairness in Apartment Rental Expenses (FARE) Act, a legal challenge may halt enforcement before the law takes effect next month. The new law, passed by the City Council in November, changes who pays broker fees, shifting the cost burden on landlords who hire the brokers rather than tenants.
Miami's Housing Market Takes A Hit Amid Deportation Fears

1 week ago | propmodo.com | Franco Faraudo

Once buoyed by foreign investment, Miami's housing market is faltering under the weight of political uncertainty. The Trump administration's immigration crackdown, coupled with Florida's own enforcement policies, is chilling demand from foreign buyers and renters. Home sales have plunged over 17% in Miami, far outpacing national declines, while rental prices are slipping as landlords become more wary of non-citizen tenants.
With EV Charging Subsidies Stalled, Real Estate Is Stepping Up

1 week ago | propmodo.com | Franco Faraudo

The market has spoken. Even without Federal stimulus, the electric vehicle market is growing. The sales pitch of sustainable transportation and energy independence is working on consumers. The steady stream of new EV models and improving battery technology has given car buyers a lot of compelling options. The current administration's hostile view on government subsidies for electric vehicles has had a lasting effect, though.
Brookfield Is Going On a Distressed Building Shopping Spree

1 week ago | propmodo.com | Franco Faraudo

Brookfield Asset Management's successful $5.9 billion fundraising in the first quarter of 2025-bringing its total to $16 billion for its latest real estate fund-signals a shift in sentiment toward the distressed commercial real estate market. Like bargain hunters arriving at a clearance sale, institutional investors are stepping in as prices bottom out.
Lower Turnover Might Be the Silver Lining of the Trade War

1 week ago | propmodo.com | Franco Faraudo

Residential real estate REIT EQR reported its first quarter earnings results this week. The company posted strong earnings, driven by the lowest tenant turnover rate in the company's 30-year history. Navigating uncertainty from tariffs was a central theme of the earnings call. "Like most market participants, we see a higher-than-usual level of uncertainty in the forward path of the economy given various recent governmental actions relating to tariffs and other matters," EQR CEO Mark Parrell said.
Adam Neumann is Back to Selling Big Dreams With Little Cash Flow

1 week ago | propmodo.com | Travis Barrington

Adam Neumann has returned to real estate. His new company, a multifamily concept called Flow, has been backed by eye-popping numbers. First, they received a $350 million investment from Andreessen Horowitz in 2022, reportedly the VC firm's largest single investment ever. Last month they were able to raise another $100 million with a valuation now climbing to around $2.5 billion. Flow is pitched as a "community-driven" residential brand that blends real estate with technology.
European Commercial Property is Not Immune to Trump's Trade War

1 week ago | propmodo.com | Franco Faraudo

The negative effects of President Trump's fluctuating tariffs is spilling over into the global commercial property market. European deal volume, which had significant gains at the end of last year, has dropped in the first quarter of 2025. Only €41 billion of European commercial real estate changed hands in the first three months of the year, according to a new report from MSCI, the second lowest quarter since 2012.
Austin's Struggles Show Just How Hard Housing Affordability Can Be

1 week ago | propmodo.com | Franco Faraudo

Austin has long been the poster child of sustainable urban growth. The city's population has grown steadily over the past few decades, it has now become the tenth largest metro in the country. To keep up with the pace of growth, Austin has also been feverishly growing its housing stock. Austin has permitted more new affordable housing development per capita than any other city in America in the last few years.
SpaceX Launch Site Becomes Official Texas City

1 week ago | propmodo.com | Travis Barrington

Voters in a small South Texas community have officially approved the creation of Starbase, a new city centered around SpaceX's rocket launch site. With 212 in favor and only 6 opposed, the landslide vote formalizes Elon Musk's long-standing vision to incorporate the area surrounding the company's sprawling facility near Boca Chica. Many of the eligible voters are SpaceX employees or affiliates, and the outcome was widely expected.