It is no secret that foreign buying activity in American real estate has been vigorous in recent years, with billions of foreign dollars rushing into the market. The diversification and protection of wealth is a major factor in these purchases, driven by calculated investment decisions and often coerced by unpredictable economies overseas. The National Association of Realtors (NAR) reports that between April 2015 and March 2016, foreign buyers spent $102.6 billion on residential properties in the U.S. Despite this gargantuan figure, it is amazingly 1.3 percent lower in dollar volume from the previous year.
a Human Touch
The Perfect Balance
In October, the National Association of Women in Real Estate Businesses (NAWRB) introduced its Diversity and Inclusion Leadership Council (NDILC) dedicated to increasing the number of C-suite women in the boardrooms and executive offices of America, and bringing women’s diversity and inclusion to the forefront of the housing industry. The Council held its first meeting in December where it united senior level executive women from several industries with the goal of securing progress for women in the workplace. That inaugural meeting included more than 350,000 employees from NDILC member organizations.
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Article by Lyndee Yamshon
Cushman & Wakefield’s former head of research for the Americas is suing the company for age and gender discrimination.
On October 6, Maria Sicola, 60, a commercial real estate professional with more than 34 years of experience, filed a gender and age discrimination suit for $40 million against Cushman & Wakefield. After spending her whole career at the firm and reaching the rank of head of research, Americas, Sicola was abruptly terminated on October 2, the day before her 60th birthday. The termination came just before she was slated to present a new platform for the firm’s Women’s Integrated Network (WIN) at the Urban Land Institutes’ Fall Meeting in San Francisco.
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