Commercial Real Estate Trivia

If you've been following our socials, you would've seen us post some fun commercial real estate trivia facts. But if you don't follow us on any social media - you should - continue reading! Here are some interesting commercial real estate facts that we find entertaining.

May the force be with you Star Wars fans - this just might break your mind. Next time you plan a trip to Tunisia, make sure to keep this place in mind. Even non-Star Wars fans would be jealous if you returned with a lightsaber (or just some cool pictures). Star Trek would never. 

A whole new meaning to housewarming - literally warming your house with your mortgage papers! Mortgage burning parties were common for 20th century Americans to celebrate their new-found freedom of paying off their mortgage - now imagine burning all of your loan docs! But this custom has since burned out and is now seen as "gauche". 

While it may be a while until you can visit the moon, you can go ahead and secure an acre for yourself! Get ahead of the curve and buy now - for $30 an acre, hopefully you won't need to contact a lender for a loan. 

New York City is known for a lot of things - Times Square, Statue of Liberty, Central Park (which is arguably the most famous park in the world), etc. With the spectacular city views and plethora of activities, it comes at no surprise that this park is beloved by locals and tourists. 

Who you gonna call? Ghostbusters! Or not since the Supreme Court of New York made it illegal for a buyer to be deceived into buying a haunted house. While a legally haunted house might be fun to visit (especially on Halloween), it might not be so fun to have a ghost roommate. 

Did you have a treehouse growing up? Did you want one? I know I did! But this treehouse is more of a tree-multifamily asset! This massive structure was inspired by divine intervention and it is truly meant for great things. 

It is commonly known that the best day to buy a flight is on Tuesday (even though no one knows why) but did you know there is a best day to list your home? Statistically, homes listed on Sunday, Thursday, or Friday perform better than homes listed on other days. 

If you've ever wanted to see the Northern Lights - or live in an igloo - this resort is the perfect destination! These glass igloos allow you to see one of nature's miracles right from the comfort of your (hotel) room and the entire experience is nothing short of magical.  

Imagine staying in a hotel floating in the middle of the ocean during hurricane season... Talk about a less-than desirable location; that's why this is the most dangerous hotel in the world! As far as Class C properties go, it's unique history and location combined with the thrill of danger is part of the appeal. 

Forget all of the CRE asset classes, Edith Macefield simply did not care what was planned for her property. Macefield was as stubborn as the old man in Pixar's "Up" and refused to sell her house for $1million, forcing developers to construct their project around her home. 

The Supreme Court Building isn't full of case docs and courtrooms, it's the permanent home for the Court! If the Supreme Court Building is the home for the different Justices (i.e. multiple different families), does that make it a multifamily asset?

Gustov Eiffel was the object of envy during his lifetime - everyone wanted access to this "secret" apartment! While he received several top-dollar offers, Eiffel never rented it out, not even for a night. While the secret apartment was never available for rent, it is now open for the public to tour. 

Safari meets luxury with this boutique hotel! A unique take on commercial real estate, Giraffe Manor offers an unforgettable experience to those exploring Kenya. 

With just enough room for a house and a tree, this island sure makes asset management easy! I can't imagine that it would be difficult to manage but there is also no room for error.  

Does it get any more Class A than this? Luxury reached a new high (literally) with "Billionaire's Row" in NYC. Can you imagine the loan docs associated with these projects?