Business

Is the Party Over for Real Estate Investing?

Published

10 years ago

May 22, 2015

In this Sept. 24, 2007 file photo, a "for rent" sign is posted outside a home in Denver. Real estate data firm Zillow reports on U.S. home rental prices in January 2015 on Friday, Feb. 20, 2015. (AP Photo/David Zalubowski, File)

In this Sept. 24, 2007 file photo, a “for rent” sign is posted outside a home in Denver. (AP Photo/David Zalubowski, File)

(CNN Money) – Real estate has been one of the best performing assets since President Obama took office.

No, we’re not talking about regular people’s homes. The biggest gains have come from so-called real estate investment trusts — REITs for short.

REITs are companies that own a lot of different properties. Some REITs specialize in just one type of real estate (think apartments in California) while others own a bunch of different kinds of property such as hospitals, office buildings and malls. They make their money much like any landlord does — by collecting rent.

Investors have gobbled up REITs since 2009 for three reasons:

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Gov. Newsom Looks Back at 2024 Milestones; Presents Vision for 2025

Newsom opened by recounting his announcement atop the Golden Gate Bridge of $150.4 billion in record-breaking visitor spending. He reflected on signing a bill with singer Demi Lovato to protect young content creators from financial exploitation. He celebrated the Olympic flag transfer ceremony, signifying California’s preparation for the 2028 Games in Los Angeles.

Published

16 hours ago

February 15, 2025

Oakland Post

California Gov. Gavin Newsom. Photo Courtesy of California Governor’s Office.

By Joe W. Bowers, California Black Media

In a recent video address, Gov. Gavin Newsom shared key moments that shaped California in 2024. He emphasized achievements in tourism, technology, public safety, and environmental resilience while underscoring the state’s ability to tackle challenges head-on.

Focusing on innovation, Newsom praised NVIDIA CEO Jensen Huang for his leadership in advancing generative AI. He showcased the transformation of an abandoned mall into a quantum computing center in L.A. that addresses global challenges.

He also highlighted the ARCHES coalition’s work on green hydrogen, aiming to decarbonize California’s industries.

Newsom emphasized California’s leadership on clean transportation with over 2 million electric vehicles sold and a statewide network of 150,000 public chargers. He spoke about joining Speaker Emerita Nancy Pelosi to celebrate the long-awaited electrification of Caltrain, linking San Francisco to San Jose.

In climate resilience, Newsom spotlighted removing the Klamath Dam, the largest project in U.S. history, restoring salmon migration and tribal lands. He discussed agreements with Italy and Pope Francis to address greenhouse gas emissions and praised the legislature’s action to increase transparency and hold oil companies accountable for gas price spikes.

Turning to health, housing, and education, Newsom outlined progress on Proposition 1 to improve mental health care, legislative efforts to increase housing construction, and the expansion of universal free school meals for all public school students.

Public safety highlights included combating fentanyl trafficking, expanding the California Highway Patrol, and addressing organized retail theft through new legislation.

Newsom also celebrated the state’s balanced budget for the current and upcoming fiscal years. He joked about his detailed budget presentations as his “yearly Super Bowl,” highlighting the importance he places on fiscal responsibility.

The Governor closed by reflecting on 2024 as a year defined by resilience and optimism, crediting California’s ability to navigate polarization and overcome challenges. He emphasized the importance of preserving California’s values of innovation and inclusiveness while continuing to invest in communities, infrastructure, and equity as the state looks ahead to 2025.