Talk Irvine

General => Real Estate => Irvine Real Estate => Topic started by: rickr on September 07, 2017, 12:23:20 PM

Title: Amazon to build second Headquarters
Post by: rickr on September 07, 2017, 12:23:20 PM
https://www.bizjournals.com/austin/news/2017/09/07/amazon-to-u-s-cities-want-to-host-our-second-hq.html?ana=yahoo&yptr=yahoo

Broadcom out, Amazon in

Cmon Great Park, you can do it.

In our dreams!!!
Title: Re: Amazon to build second Headquarters
Post by: Burn That Belly on September 07, 2017, 12:37:18 PM
x
Title: Re: Amazon to build second Headquarters
Post by: esquire22 on September 08, 2017, 04:29:39 PM
http://www.latimes.com/business/la-fi-amazon-irvine-20170908-story.html

Irvine Company is going to make a run at Amazon.
Title: Re: Amazon to build second Headquarters
Post by: KiloRomeo on September 10, 2017, 11:15:45 PM
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.
Title: Re: Amazon to build second Headquarters
Post by: AW on September 11, 2017, 07:13:32 AM
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.
I think the whole traffic congestion and housing price would be the deal breaker in SoCal.
One could argue that lax and Ontario is 45 mins.  SNA is a close local airport for non international, but can be a connecting airport.
The population thing is not just looking at the city, but the metropolitan area, I don't think that's an issue. People would drive from LA county and I.E to work in Irvine which already happens
Title: Re: Amazon to build second Headquarters
Post by: irvine buyer on September 11, 2017, 08:32:11 AM
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.
Title: Re: Amazon to build second Headquarters
Post by: undecided on September 11, 2017, 09:17:33 AM
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.
Title: Re: Amazon to build second Headquarters
Post by: jmoney74 on September 11, 2017, 10:12:10 AM
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.

Kind of overboard no?  I go up to the bay area often and happy meals are the same.
Title: Re: Amazon to build second Headquarters
Post by: paydawg on September 11, 2017, 10:52:04 AM
Interesting.  Amazon's RFP indicated criteria including that the hosting City must be "45mins or less from an international airport" and also have a "population of at least 1M residents."  - that's a big nope and nope for Irvine.  But I'm sure IrvineCo money can get them reconsidering those stipulations.

I hope you're kidding.  If you don't take things so literally, then Irvine is part of the larger OC metro area, which has over 3M people.  While you can argue that LAX is around 45-60 minutes away, there are three other airports that are accessible as well for domestic routes, with JWA being minutes away.  OC is perfectly situated between two large metro areas (LA and SD). 

As far as talent goes - Southern California should be able to compete with any other metro area.
Title: Re: Amazon to build second Headquarters
Post by: OCLuvr on September 11, 2017, 11:00:49 AM
Just to add a data point: LA area produces more number of engineering graduates than the bay area.
Title: Re: Amazon to build second Headquarters
Post by: AW on September 11, 2017, 11:22:24 AM
Amazon is a great company, no doubt.  I'm sure wherever they go, the local economy will be given a huge boost.  While the idea of them opening a second HQ in Irvine sounded appealing to me at first, I'm having second thoughts.  Perhaps because I'm not in the IT industry.

But look at how things have unfolded in Silicon Valley.  People pay $1M there for studios.  If we all of a sudden get an influx of high earners, that's gonna push up prices all across the board for everyone.  My morning cup of coffee might be $12.  A combo from Mickey D's might cost $15.

It's great for existing homeowners, as the value of their homes skyrockets.  But unless your income also has a similar trajectory, now you're stuck.  You effectively are incentivized to not move up in home, because going from a 2br to a 3br, or a 3br to a 4 br, might effectively increase your property tax base by 500k-1M.

I'd like to hear counterarguments.  Perhaps I'm being shortsighted.  I like Irvine the way it is now, and don't want it to grow too fast too soon.
No counter arguments.  This will fast track it to grow to a mega city. The gap between have and have nots will widen.  Tons of congestion, etc.

They say 50k jobs
X avg salary (higher paying jobs)
= a whole lot of money to spend and flowing in the area
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on September 11, 2017, 12:20:04 PM
The conditions Amazon is laying down seem tailor made for San Jose. They have likely seen the 20K person campus GOOG is building there and will be actively competing for that talent. They quietly leased a few floors of a downtown bldg recently near Adobe's HQ (also expanding).

If not San Jose then I see this going to Boston. IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.
Title: Re: Amazon to build second Headquarters
Post by: iacrenter on September 11, 2017, 02:43:01 PM
IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Are you insane? Irvine RE is better off with the GP versus another airport.
Title: Re: Amazon to build second Headquarters
Post by: Liar Loan on September 11, 2017, 02:54:51 PM
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Really?  What advantage would that be?
Title: Re: Amazon to build second Headquarters
Post by: Panda on September 11, 2017, 03:00:09 PM
I have a feeling that Atlanta is going to win this one. :)

(https://images.frmonline.com/sites/frc/pct/atlanta/moving-to-living-in-atlanta-784.jpg)

Source: http://money.cnn.com/2017/09/11/technology/amazon-cities/index.html
Title: Re: Amazon to build second Headquarters
Post by: Soylent Green Is People on September 11, 2017, 03:17:20 PM
I'll have some of that Crack OCtoSV is puffing please....

If not San Jose then I see this going to Boston. IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.


If everyone freaked out about a cemetery, imagine property values with Airbus A380's taking off from El Toro International Airport (ETIA) every 10 minutes. I can only imagine the sales pitches for some of the new homes that would have surrounded ETIA - "Come for the best schools in the country, providing you stay indoors during flight hours"

Not many people remember that before public opinion crushed ETIA, the Pro Airport pushers flew sound modified and critically unladen jets over South OC to show the noise "wasn't that bad". If you were there, as I was then, you'd join me in thanking God Almighty for strangling ETIA in the crib.

My .02c
Title: Re: Amazon to build second Headquarters
Post by: AW on September 11, 2017, 03:19:06 PM
IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Are you insane? Irvine RE is better off with the GP versus another airport.
I agree.  Because, NIMBY. 
Title: Re: Amazon to build second Headquarters
Post by: Burn That Belly on September 11, 2017, 03:23:42 PM
x
Title: Re: Amazon to build second Headquarters
Post by: Loco_local on September 11, 2017, 03:26:29 PM
Did they say it was going to be in the USA?  With this administration's cuckoo immigration policies wouldn't be surprised if they chose some place like Toronto.
Title: Re: Amazon to build second Headquarters
Post by: AW on September 11, 2017, 03:27:08 PM
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Really?  What advantage would that be?
Silicon Valley would have the easy transferable talent pool.

Otherwise Irvine does have smaller tech presence here and there plus one of the criteria they're looking for is strong local universities, if this is for getting new recruits and/or want higher education think tanks, it's a more diverse pool than NorCal (Stanford, Berkeley), compare to here (Caltech, 4 UC's within 2 hour drives, USC, and a whole bunch of cal states, including Pomona which has a decent CS).
Title: Re: Amazon to build second Headquarters
Post by: HMart on September 11, 2017, 03:38:56 PM
Did they say it was going to be in the USA?  With this administration's cuckoo immigration policies wouldn't be surprised if they chose some place like Toronto.

Agreed. Why stop there? Barcelona is a fantastic place to live, lower COL than CA, less xenophobic than USA, good schools, etc.
Title: Re: Amazon to build second Headquarters
Post by: eyephone on September 11, 2017, 04:50:25 PM
Did they say it was going to be in the USA?  With this administration's cuckoo immigration policies wouldn't be surprised if they chose some place like Toronto.

Just say Mexico  ;)
Title: Re: Amazon to build second Headquarters
Post by: paydawg on September 11, 2017, 09:50:57 PM
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Really?  What advantage would that be?
Silicon Valley would have the easy transferable talent pool.

Otherwise Irvine does have smaller tech presence here and there plus one of the criteria they're looking for is strong local universities, if this is for getting new recruits and/or want higher education think tanks, it's a more diverse pool than NorCal (Stanford, Berkeley), compare to here (Caltech, 4 UC's within 2 hour drives, USC, and a whole bunch of cal states, including Pomona which has a decent CS).

Don't forget the Claremont Colleges, which are all pretty decent as well.
Title: Re: Amazon to build second Headquarters
Post by: morekaos on September 11, 2017, 10:17:22 PM
Did they say it was going to be in the USA?  With this administration's cuckoo immigration policies wouldn't be surprised if they chose some place like Toronto.

Agreed. Why stop there? Barcelona is a fantastic place to live, lower COL than CA, less xenophobic than USA, good schools, etc.

Amazon launches search for a second headquarters in North America

It's gonna be in some tax friendly, low regulation, red state.

Title: Re: Amazon to build second Headquarters
Post by: Cornflakes on September 11, 2017, 10:41:14 PM
Everyone is drooling over HQ2 candy. I say, stay above the fray and keep your $ handy. The day they announce the location, buy an investment property (or two) near that location as soon as you can.
Title: Re: Amazon to build second Headquarters
Post by: AW on September 11, 2017, 10:46:08 PM
Everyone is drooling over HQ2 candy. I say, stay above the fray and keep your $ handy. The day they announce the location, buy an investment property (or two) near that location as soon as you can.
True dat.

Unless it's the Bay Area, hard to buy now as it is, doh!
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on September 12, 2017, 12:38:23 PM
IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Are you insane? Irvine RE is better off with the GP versus another airport.

Real estate prices are a function largely of local incomes. Having an international airport close (San Jose has 3 - SJC, OAK and SFO) would potentially have catalyzed more corporate job growth. LAX distance restricts OC economic growth.
Title: Re: Amazon to build second Headquarters
Post by: Panda on September 12, 2017, 12:41:09 PM
5 U.S. Cities poised to become tomorrow's Tech Meccas after Silicon Valley - Forbes

https://www.forbes.com/sites/falonfatemi/2017/03/23/5-u-s-cities-poised-to-become-tomorrows-tech-meccas/#ed47e5d21324

1. Salt Lake City, Utah
2. Denver, Colorado
3. Atlanta, Georgia
4. Portland, Oregon
5. Seattle, Washington

Forbes: Atlanta No. 3 U.S. city poised to become tech mecca
https://www.bizjournals.com/atlanta/news/2017/03/28/forbes-atlanta-no-3-u-s-city-poised-to-become.html
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on September 12, 2017, 12:43:00 PM
I have a feeling that Atlanta is going to win this one. :)

(https://images.frmonline.com/sites/frc/pct/atlanta/moving-to-living-in-atlanta-784.jpg)

Source: http://money.cnn.com/2017/09/11/technology/amazon-cities/index.html

It could. Cheap living + intl airport + respected GA Tech and Emory.
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on September 12, 2017, 12:46:13 PM
I think one important consideration is whether the talent that Amazon is looking to hire would locate to this city.  In this regard, Irvine has an advantage.

Really?  What advantage would that be?
Silicon Valley would have the easy transferable talent pool.

Otherwise Irvine does have smaller tech presence here and there plus one of the criteria they're looking for is strong local universities, if this is for getting new recruits and/or want higher education think tanks, it's a more diverse pool than NorCal (Stanford, Berkeley), compare to here (Caltech, 4 UC's within 2 hour drives, USC, and a whole bunch of cal states, including Pomona which has a decent CS).

Don't forget the Claremont Colleges, which are all pretty decent as well.
correct. While Pomona is a world class liberal arts school with very low admission rate, Harvey Mudd is #1 in avg starting salary of all schools in the US. Lots of smart kids working for Wall St quants.
Title: Re: Amazon to build second Headquarters
Post by: paydawg on September 12, 2017, 02:34:28 PM
Boston in the lead?

https://www.bloomberg.com/news/articles/2017-09-12/amazon-is-said-to-weigh-boston-in-search-for-second-headquarters

Title: Re: Amazon to build second Headquarters
Post by: HMart on September 12, 2017, 03:48:59 PM
IF they had built the airport instead of Great Park, then maybe.....that was the dumbest NIMBY-driven decision I've ever seen.

Are you insane? Irvine RE is better off with the GP versus another airport.

Real estate prices are a function largely of local incomes. Having an international airport close (San Jose has 3 - SJC, OAK and SFO) would potentially have catalyzed more corporate job growth. LAX distance restricts OC economic growth.

El Toro Airport would have severely depressed house values near/under the flight path, but I can definitely see how it would increase it in areas around it. Even better for areas that would have benefited from a John Wayne closure like Old Town Tustin and the Back Bay area.

And selfishly, since I fly over 50k miles a year, it would have been nice for business trips..
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on September 12, 2017, 05:13:28 PM
Boston in the lead?

https://www.bloomberg.com/news/articles/2017-09-12/amazon-is-said-to-weigh-boston-in-search-for-second-headquarters

It makes the most sense as housing is much cheaper than in San Jose while there is a smaller but similar talent pool, plus ~20 colleges and universities.
Title: Re: Amazon to build second Headquarters
Post by: Panda on September 12, 2017, 08:13:28 PM
Amazon picks Atlanta for new logistics hub, locates it in Midtown's Atlanta Station.

Amazon is quietly building out a logistics technology and services office in Atlanta - a national supply chain hub and believed to be on the shortlist for the tech juggernaut's proposed $5 billion second headquarters.

Source:
https://www.bizjournals.com/atlanta/news/2017/09/11/amazon-picks-atlanta-for-new-logistics-hub-locates.html

Title: Re: Amazon to build second Headquarters
Post by: Garren on September 12, 2017, 08:33:31 PM
Why not make the snd hq to Canada?
Title: Re: Amazon to build second Headquarters
Post by: Garren on September 12, 2017, 08:36:29 PM
Why not make the snd hq to Canada?

1, Its hard to obtain talent due to green card policies.
2, Cheaper labor
3, Not far from Seattle
Title: Re: Amazon to build second Headquarters
Post by: HMart on September 13, 2017, 01:56:36 AM
Vancouver isn't cheaper than Seattle, last time I checked. Beautiful city, yeah, but not economically competitive. Ask a Vancouverite about FCB condos..
Title: Re: Amazon to build second Headquarters
Post by: freedomcm on September 13, 2017, 07:00:28 AM
Vancouver isn't cheaper than Seattle, last time I checked. Beautiful city, yeah, but not economically competitive. Ask a Vancouverite about FCB condos..

Which is why I suggested a paired campus of Detroit-London, Ontario or Buffal-Erie, Ontario

Title: Re: Amazon to build second Headquarters
Post by: morekaos on October 03, 2017, 01:46:15 PM
City of Amazon proposed to attract company’s HQ2 to Georgia

The latest local pitch to attract Amazon? Create a city of Amazon for the company’s planned expansion site.

The Stonecrest City Council voted 4-2 on Monday to de-annex 345 acres of land if the e-commerce giant picks the area for what the company calls HQ2, a corporate hub where Seattle-based Amazon says it will one day house 50,000 jobs.

The city’s resolution asks the Georgia General Assembly to form the city of Amazon on that land, located off Lithonia Industrial Boulevard and Coffee Road in DeKalb County.

http://www.ajc.com/news/local-govt--politics/city-amazon-proposed-attract-company-hq2-georgia/WVuopYRd6WFQE3w7JjcdnO/ (http://www.ajc.com/news/local-govt--politics/city-amazon-proposed-attract-company-hq2-georgia/WVuopYRd6WFQE3w7JjcdnO/)

What Cali offering?....

https://youtu.be/C14dcjtL0Oc
Title: Re: Amazon to build second Headquarters
Post by: irvinehomeowner on October 03, 2017, 03:09:04 PM
Irvinezon?!?
Title: Re: Amazon to build second Headquarters
Post by: OCLuvr on January 18, 2018, 07:49:58 AM
What do you guys think? I think either Atlanta or Austin?

https://www.cnbc.com/2018/01/18/amazon-narrows-list-of-candidates-for-new-headquarters-hq2-to-20.html
Title: Re: Amazon to build second Headquarters
Post by: irvine buyer on January 18, 2018, 08:06:40 AM
Read in one of the real estate trade journals that Amazon is currently negotiating 500,000s.f. of office space in Boston.  Not sure if that means anything.
Title: Re: Amazon to build second Headquarters
Post by: OCLuvr on January 18, 2018, 08:27:48 AM
Boston would be very expensive for employees
Title: Re: Amazon to build second Headquarters
Post by: Irvinecommuter on January 18, 2018, 08:45:14 AM
Boston would be very expensive for employees

So would most of the cities that made it to the second round.   Expensive means people want to live there...easier to attract and keep talent.
Title: Re: Amazon to build second Headquarters
Post by: Irvine or Bust on January 18, 2018, 09:22:20 AM
What do you guys think? I think either Atlanta or Austin?

https://www.cnbc.com/2018/01/18/amazon-narrows-list-of-candidates-for-new-headquarters-hq2-to-20.html

Atlanta

I think Panda is onto something here.
Title: Re: Amazon to build second Headquarters
Post by: morekaos on January 18, 2018, 09:35:25 AM
6% income tax and 8.5% sales tax in Georgia.
Title: Re: Amazon to build second Headquarters
Post by: OCLuvr on January 18, 2018, 10:02:38 AM
Why this small county?
http://www.baltimoresun.com/news/maryland/bs-bz-montgomery-county-explainer-20180118-story.html
Title: Re: Amazon to build second Headquarters
Post by: irvinehomeowner on January 18, 2018, 11:01:33 AM
Boston would be very expensive for employees

So would most of the cities that made it to the second round.   Expensive means people want to live there...easier to attract and keep talent.

Some of those places aren't very expensive. Low housing/living expenses also attracts talent because the buck goes farther.

Still won't get me to TX or Johns Creek... bad weather.
Title: Re: Amazon to build second Headquarters
Post by: Soylent Green Is People on January 18, 2018, 11:06:38 AM
I've got $$$ on Boston.

Surprising to see two Pennsylvania locations as top 20. Pittsburg would be an interesting choice, and understandable given the robotics and tech focus within the local universities.

I had a soft spot in my head for San Juan Puerto Rico for the WIN. Too bad they didn't make the cut. Would have been a game changer for the island and surrounding areas.
Title: Re: Amazon to build second Headquarters
Post by: OCtoSV on January 18, 2018, 11:58:55 AM
Boston would be very expensive for employees
Not accurate - plenty of lower cost suburbs with upscale demographics and excellent public schools within a 1 hr drive of downtown BOS. Check out places like Holden MA or Bedford NH.
Title: Re: Amazon to build second Headquarters
Post by: lnc on January 18, 2018, 12:00:34 PM
Surprised that LA even made it to one of top 20.


Title: Re: Amazon to build second Headquarters
Post by: USCTrojanCPA on January 18, 2018, 12:26:02 PM
Surprised that LA even made it to one of top 20.




They were probably just a token pick.  No way So Cal gets picked. 
Title: Re: Amazon to build second Headquarters
Post by: Liar Loan on January 18, 2018, 01:37:54 PM
Surprised that LA even made it to one of top 20.




They were probably just a token pick.  No way So Cal gets picked.

Agreed it would make no sense.  When starting Amazon, Bezos picked Seattle because of the tech talent assembled by Microsoft. 

It would make sense to pursue East Coast talent for HQ2.  Boston would be the hub for that I would think.
Title: Re: Amazon to build second Headquarters
Post by: Loco_local on January 18, 2018, 02:20:08 PM
It would make the most sense to pick Toronto in case engineers fom shithole countries needed a visa to visit corporate headquarters.
Title: Re: Amazon to build second Headquarters
Post by: fortune11 on January 18, 2018, 02:28:34 PM
a bigger consideration than taxes / housing cost may be
walkability / desirability / availability of good talent .  Boston scores well on those.  If I had to pick one, would be Boston.

Atlanta is cheap but weather / traffic / available talent may be subpar

LA stands no chance.  I think this list just encompasses all the metro areas across the country anyways so kind of a meaningless list. 
Title: Re: Amazon to build second Headquarters
Post by: Liar Loan on January 18, 2018, 02:38:34 PM
It would make the most sense to pick Toronto in case engineers fom shithole countries needed a visa to visit corporate headquarters.

Merit based immigration will solve that problem for the US.
Title: Re: Amazon to build second Headquarters
Post by: eyephone on January 18, 2018, 04:05:10 PM
Maybe LA?
-Port of LA/LB
-Film: growing the film segment
-Airport: flights are available to all over the world, got to take care of an issue no problem, vendors can fly in with ease
-Produce: a lot of produce from the globe come to LA (grocery segment)
-Entertainment: things to do too many to list, take out clients, company outing
-Food: maybe the food choice the best in the US
-Weather: maybe the best climate in the US
-Infrastructure: already in place (at a small town, I don’t know)

bottom line: Happy workers = more productivity.


(Tax break is nothing when you are making money hands over fist.)
Title: Re: Amazon to build second Headquarters
Post by: Panda on January 18, 2018, 05:35:15 PM
Food and sales tax is 6% in Gwinnett county.
6% income tax and 8.5% sales tax in Georgia.
Title: Re: Amazon to build second Headquarters
Post by: Panda on January 18, 2018, 05:42:45 PM
I posted this on another thread. The Polls are showing 2/1 chance for Atlanta, 3/1 for Austin and 6/1 for Boston. Atlanta is in the lead.

In 2018, the Amazon's second headquarters will be announced. Will it be in Austin or Atlanta? People on betting on Atlanta. I am going upload some interesting real estate charts of three cities in the south.

(https://i.imgur.com/LVZiNWf.jpg)

At the same time, the city that scores the second headquarters can expect housing prices, along with other costs of living, to increase.

http://money.cnn.com/2017/10/27/technology/amazon-hq2-housing-costs-seattle/index.html

New research from Apartment List, a site that catalogs apartment rentals across the country, forecasts an annual rent increase of up to 2% per year in the city that houses HQ2. That's on top of organic price increases that already occur from year to year.

"Rents are already rising rapidly nationwide," Apartment List said in a report that analyzed data from the U.S. Census and Bureau of Labor Statistics. Half of renters are considered "cost burdened," spending 30 percent or more of their income on rent, according to the firm.

Apartment List said Raleigh, Pittsburgh and San Jose would experience the highest rent increases if HQ2 comes to town. The impact would be smaller in cities like Washington D.C., Los Angeles and Dallas.
The largest increase in housing costs would be in Raleigh, which wouldn't be able to build enough homes to sustain the influx of workers, according to the report. Meanwhile, housing costs would stay lower in places like Dallas, which has lax building restrictions and a cheaper labor pool.



(https://i.imgur.com/E6NOAZG.jpg)

In my opinion, the Atlanta's housing market is still undervalued. I've been told for many years that the housing prices in the south just doesn't appreciate 10% a year. It is not possible in the south. Take a look at the Dallas and Nashville chart. Nashville's housing prices are now 35% above the last peak while Atlanta is just getting back up to his last peak of July 2017. I sense that the Atlanta's housing market momentum is starting to build just like the LA/OC market between 1994 - 1999. There is no reason why Atlanta housing market can't be above 35% the last July 2007 peak like Nashville. Amazon's second headquarters in Atlanta will be a complete game changer.

Home prices are set to soar in 2018.
https://www.cnbc.com/2018/01/02/home-prices-are-set-to-soar-in-2018.html
Title: Re: Amazon to build second Headquarters
Post by: eyephone on January 18, 2018, 06:07:51 PM
Panda - great statistics. However, the Atlanta airport was shut down due to the power outage this past December. Also, the airport has a homeless problem according to the article below.

https://www.google.com/amp/s/amp.businessinsider.com/atlanta-airport-power-outage-2017-12

http://www.fox5atlanta.com/news/security-alert-renews-concerns-over-airport-homeless-population



Title: Re: Amazon to build second Headquarters
Post by: Panda on January 18, 2018, 06:25:05 PM
Eyephone. Just like south beach Miami and south side chicago, there is a lot of regentrification taking place southside of Atlanta, especially near College Park area where the new Porsche headquarters is located. There are a lot of upside potential investing near the airport.

Panda - great statistics. However, the Atlanta airport was shut down due to the power outage this past December. Also, the airport has a homeless problem according to the article below.

https://www.google.com/amp/s/amp.businessinsider.com/atlanta-airport-power-outage-2017-12

http://www.fox5atlanta.com/news/security-alert-renews-concerns-over-airport-homeless-population




Title: Re: Amazon to build second Headquarters
Post by: fortune11 on January 18, 2018, 08:36:19 PM
Maybe LA?
-Port of LA/LB
-Film: growing the film segment
-Airport: flights are available to all over the world, got to take care of an issue no problem, vendors can fly in with ease
-Produce: a lot of produce from the globe come to LA (grocery segment)
-Entertainment: things to do too many to list, take out clients, company outing
-Food: maybe the food choice the best in the US
-Weather: maybe the best climate in the US
-Infrastructure: already in place (at a small town, I don’t know)

bottom line: Happy workers = more productivity.


(Tax break is nothing when you are making money hands over fist.)

Agree, small tax breaks means nothing to these companies. on the other hand , if I were amazon, knowing what a terrible fiscal situation Chicago is in , I would never ever move there . as down the road that city would fleece amazon to no end - death via a thousand cuts

LA could have a had a strong esp since amazon studios / imdb is based here and they have a lot of say in the company now, according to a friend of mine who works there.  plus they are behind the most recent amazon success, "man in the high castle" . 

Problem with LA is where would amazon locate itself -- LA means downtown area for the most part and seeing what  the NFL stadium process went through, I just dont see that scale of redevelopment in a city rife with activists and everyone with their hand out for more $$ and demands.
Title: Re: Amazon to build second Headquarters
Post by: Lallo on January 18, 2018, 10:59:00 PM
LA is playing it smart in my opinion. They are using multiple cities to try and get HQ2. I think it’s a long shot. What surprised me is that LA included Santa Clarita, Long Beach, and Culver City (may be more cities). Santa Clarita is moving forward with its Newhall Ranch development.  Cheapish housing, lots of available land, talent from SoCal and NoCal.  I wouldn’t rule out LA just yet.
Title: Re: Amazon to build second Headquarters
Post by: irvinehomeowner on January 19, 2018, 07:30:32 AM
Did LA include Irvine? :)
Title: Re: Amazon to build second Headquarters
Post by: Irvinecommuter on January 19, 2018, 08:45:36 AM
Maybe LA?
-Port of LA/LB
-Film: growing the film segment
-Airport: flights are available to all over the world, got to take care of an issue no problem, vendors can fly in with ease
-Produce: a lot of produce from the globe come to LA (grocery segment)
-Entertainment: things to do too many to list, take out clients, company outing
-Food: maybe the food choice the best in the US
-Weather: maybe the best climate in the US
-Infrastructure: already in place (at a small town, I don’t know)

bottom line: Happy workers = more productivity.


(Tax break is nothing when you are making money hands over fist.)

Agree, small tax breaks means nothing to these companies. on the other hand , if I were amazon, knowing what a terrible fiscal situation Chicago is in , I would never ever move there . as down the road that city would fleece amazon to no end - death via a thousand cuts

LA could have a had a strong esp since amazon studios / imdb is based here and they have a lot of say in the company now, according to a friend of mine who works there.  plus they are behind the most recent amazon success, "man in the high castle" . 

Problem with LA is where would amazon locate itself -- LA means downtown area for the most part and seeing what  the NFL stadium process went through, I just dont see that scale of redevelopment in a city rife with activists and everyone with their hand out for more $$ and demands.

Yeah.  Tax breaks are low hanging fruit for politicians to show that they are trying.  But in reality, companies like Amazon don't care about those tax breaks.  Paul ONeill told this to Congress back in 2001.   Toronto offered no tax breaks and still made it into the top 20.

I don't think LA works because of the geography.  I know a lot of people like Atlanta but I think it would make more sense for Amazon to go NC or Northern Virginia if they wanted to go to the East Coast.
Title: Re: Amazon to build second Headquarters
Post by: morekaos on January 19, 2018, 09:05:05 AM
Washington, DC, and Austin are shaping up as strong contenders for Amazon's new headquarters

As the high-profile bidding war for Amazon's $5 billion investment in a second headquarters enters the final stages, one region seems to have an edge over the more than 200 cities and counties that initially expressed interest.
Based the criteria Amazon identified when it kicked off the bidding last year, the Washington, D.C., area appears to be well-positioned. But it will have to knock off a few other strong contenders, including Austin, Texas.
CNBC looked at some of the key criteria the online retailer laid out in its pitch to cities and states.

https://www.cnbc.com/2018/01/18/washington-dc-is-shaping-up-as-strong-contender-for-amazons-new-hq.html (https://www.cnbc.com/2018/01/18/washington-dc-is-shaping-up-as-strong-contender-for-amazons-new-hq.html)

Garcetti is a Moron.  Sunshine is only worth so much.

https://youtu.be/5Ov5irp62lY
Title: Re: Amazon to build second Headquarters
Post by: Liar Loan on January 19, 2018, 10:04:31 AM
I sense that the Atlanta's housing market momentum is starting to build just like the LA/OC market between 1994 - 1999.

(http://www.syfy.com/sites/syfy/files/wire/legacy/yoda_0.jpg)
Title: Re: Amazon to build second Headquarters
Post by: fortune11 on January 19, 2018, 04:18:09 PM
thats funny ...

All the bluechip property markets -- are cutoff on one side by a body of water - be it ocean or a lake or something else .  this simple geographical fact constrains supply , even if we discount that ocean views or lake views are overrated .

Places like Dallas and Atlanta find it hard to achieve that level of lift off because you can build and extend in all directions as opposed to being limited to a 90 degree to 180 degree angle. 

this also incidentally leads to worse traffic in those cities for the amount of cars they have - since everything is traveling towards the central core as opposed to the coastal areas where you can have dense pockets of activity along the coastline -- like Newport Beach area here , Long Beach area further up north, then Manhattan beach, then Santa Monica and so on so traffic can flow more in parallel.   
Title: Re: Amazon to build second Headquarters
Post by: OCLuvr on March 31, 2018, 06:24:48 PM
Is it fake news?
http://www.citywatchla.com/index.php/la-watchdog/15166-amazon-selects-la-for-5-billion-hq2
Title: Re: Amazon to build second Headquarters
Post by: jmoney74 on March 31, 2018, 06:33:25 PM
Is it fake news?
http://www.citywatchla.com/index.php/la-watchdog/15166-amazon-selects-la-for-5-billion-hq2

Is it fair to do April fool's a day early?
Title: Re: Amazon to build second Headquarters
Post by: aquabliss on March 31, 2018, 09:18:38 PM
It’s catching on to other sites:
http://www.smobserved.com/story/2018/04/01/news/report-amazon-to-locate-new-hq-on-the-banks-of-the-los-angeles-river/3399.html
Title: Re: Amazon to build second Headquarters
Post by: Jantoven on March 31, 2018, 09:25:31 PM
I just really can't fathom Amazon picking LA for all the reasons already specified in this thread.  It'd be a real shocker if that's actually the case.
Title: Re: Amazon to build second Headquarters
Post by: Kings on April 01, 2018, 07:15:20 AM
LA times right now trying to confirm this story

(https://www.rewire.org/wp-content/uploads/2017/04/social-stress.gif)
Title: Re: Amazon to build second Headquarters
Post by: fortune11 on April 01, 2018, 08:08:31 AM
Only angle I can see is the IMDB entity in Santa Monica  and how heavy they are into content nowadays . But that’s a thin angle .

Otherwise  a puzzling choice given everything else involved with Los Angeles .

Maybe they are trying to piggyback some of their own development with the coming Olympics ?

Who knows - this could all be a false alarm for all we know
Title: Re: Amazon to build second Headquarters
Post by: Soylent Green Is People on April 01, 2018, 08:45:15 AM
Puzzling indeed.

Pro's: Port of LA, talent pool, Amazon Studios/Productions etc, commuter access (HQ2 would likely have it's own rail stop), City concessions. Schools - UCLA/USC/CalTech

Con's: Neighborhood resistance. Even with all of the housing giveaways, I can't see the locals being pacified. Area quality of life. Look at the $$$ LA has poured into DTLA and it remains a shait hole. Primary, Secondary, High Schools. (no need to discuss.....) Eventual taxation - Someone's got to milk this cash cow at some point. Limited future expansion if needed.

Me thinks the reporter may have gotten the follow up proposal once the list was narrowed down. Either that, or it's true. If true, I'd start looking to buy rental properties in East and Central LA STAT.

My .02c
Title: Re: Amazon to build second Headquarters
Post by: i1 on April 01, 2018, 10:34:32 AM
Some Jeff Bezos quotes from 2014 re an urban campus and the type of people he wants to attract...LA seems less puzzling in that context. I give Atlanta about 100:1 odds on winning this.
https://www.geekwire.com/2014/amazons-bezos-suburban-hq-wrong-decision/

“We could have built a suburban campus,” Bezos said, noting that a location outside of the city might have saved the company money. “I think it would have been the wrong decision.”

He said the types of people Amazon employs and wants to attract in the future “appreciate the energy and and dynamism of an urban environment,” which means the company is more likely to get the talent it wants with an urban campus.

It’s also better for the city of Seattle and the planet, he said. “I think it’s pretty much indisputable that urban campuses relative to suburban campuses are better because there’s much less commuting and much less fuel burned,” with many people choosing to live near work.
Title: Re: Amazon to build second Headquarters
Post by: daedalus on April 01, 2018, 10:59:22 PM
Maybe this is an intentional fake news leak to buy them some time to quietly scoop up some property in the actual chosen location.
Title: Re: Amazon to build second Headquarters
Post by: Soylent Green Is People on April 02, 2018, 11:45:14 AM
There goes DTLA's chance....

http://www.businessinsider.com/amazon-hq2-visits-focus-on-education-2018-4 (http://www.businessinsider.com/amazon-hq2-visits-focus-on-education-2018-4)

My .02c
Title: Re: Amazon to build second Headquarters
Post by: paydawg on November 03, 2018, 08:05:14 AM
Looks like Northern VA/DC area

https://bloom.bg/2QgcF0F

Title: Re: Amazon to build second Headquarters
Post by: aquabliss on November 03, 2018, 10:30:27 AM
Looks like Northern VA/DC area

https://bloom.bg/2QgcF0F



Should buy this now:
https://www.redfin.com/VA/Arlington/631-29th-St-S-22202/home/11277329

Will be $1.2M in 6 months.
Title: Re: Amazon to build second Headquarters
Post by: Cares on November 03, 2018, 10:52:01 AM
Looks like Northern VA/DC area

https://bloom.bg/2QgcF0F



Should buy this now:
https://www.redfin.com/VA/Arlington/631-29th-St-S-22202/home/11277329

Will be $1.2M in 6 months.

There has to be better looking options. It looks hideous on the outside. All the neighbors on the street have relatively traditional looking houses.
Title: Re: Amazon to build second Headquarters
Post by: Kings on November 03, 2018, 04:32:30 PM
Looks like Northern VA/DC area

https://bloom.bg/2QgcF0F



Should buy this now:
https://www.redfin.com/VA/Arlington/631-29th-St-S-22202/home/11277329

Will be $1.2M in 6 months.

There has to be better looking options. It looks hideous on the outside. All the neighbors on the street have relatively traditional looking houses.

i actually like this look.  incredible amount of natural light with those floor to ceiling windows.  much better than all the stucco boxes here in irvine.
Title: Re: Amazon to build second Headquarters
Post by: Cares on November 06, 2018, 02:01:43 PM
I'm pretty shocked that Amazon is going to go into Queens, NY. That's going to exacerbate housing supply and pricing in that market.
Title: Re: Amazon to build second Headquarters
Post by: bones on November 06, 2018, 02:51:45 PM
I'm pretty shocked that Amazon is going to go into Queens, NY. That's going to exacerbate housing supply and pricing in that market.

Me too. Friends who live there tell me the infrastructure can’t support it. Maybe Bezos will rebuild the subway system :)
Title: Re: Amazon to build second Headquarters
Post by: eyephone on November 06, 2018, 03:21:17 PM
Interesting they didn’t pick NJ with a gigantic tax break. (I think)
Title: Re: Amazon to build second Headquarters
Post by: Cares on November 06, 2018, 03:41:19 PM
Interesting they didn’t pick NJ with a gigantic tax break. (I think)

$7 billion from NJ is a lot...but then you're in NJ with one of the worst airports in the US.
Title: Re: Amazon to build second Headquarters
Post by: Soylent Green Is People on November 06, 2018, 04:07:12 PM
I still can't see NY being an option. With very high taxes, very low housing stock (per Redfin only 4 SFR's for sale in the immediate area - 4!!!), and weak public schools, these are all big negatives to go into the area on a long term commitment. Yes, you have a strong workforce and relatively easy commuting, but $1.5 for this POS

https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584 (https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584)

or $315k for a starter home like this:


https://www.redfin.com/NY/Unknown/51-34-30th-Ave-11377/unit-5L/home/147296263 (https://www.redfin.com/NY/Unknown/51-34-30th-Ave-11377/unit-5L/home/147296263)

(don't forget the $563 per month HOA dues.....)

NY and Long Island really don't match what the conditions were for winning an HQ2 bid.

Methinks this is wishful thinking by some - a head fake -  and eventually the decision will revert to one location only, and that in the Washington DC area.

My .02c

Title: Re: Amazon to build second Headquarters
Post by: Cares on November 06, 2018, 11:21:16 PM
I still can't see NY being an option. With very high taxes, very low housing stock (per Redfin only 4 SFR's for sale in the immediate area - 4!!!), and weak public schools, these are all big negatives to go into the area on a long term commitment. Yes, you have a strong workforce and relatively easy commuting, but $1.5 for this POS

https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584 (https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584)

or $315k for a starter home like this:


https://www.redfin.com/NY/Unknown/51-34-30th-Ave-11377/unit-5L/home/147296263 (https://www.redfin.com/NY/Unknown/51-34-30th-Ave-11377/unit-5L/home/147296263)

(don't forget the $563 per month HOA dues.....)

NY and Long Island really don't match what the conditions were for winning an HQ2 bid.

Methinks this is wishful thinking by some - a head fake -  and eventually the decision will revert to one location only, and that in the Washington DC area.

My .02c

Don't forgot NY is mostly co-ops and you don't actually own your unit
Title: Re: Amazon to build second Headquarters
Post by: freedomcm on November 07, 2018, 06:50:49 AM
I still can't see NY being an option. With very high taxes, very low housing stock (per Redfin only 4 SFR's for sale in the immediate area - 4!!!), and weak public schools, these are all big negatives to go into the area on a long term commitment. Yes, you have a strong workforce and relatively easy commuting, but $1.5 for this POS

https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584 (https://www.redfin.com/NY/Long-Island-City/26-18-14th-Pl-11102/home/20944584)

Unlikely you would live in an SFR in the area, more likely an apartment, condo, or co-op, and since the site is on a subway line, there are literally thousands within a 30-45 min commute.

If you want an SFR, you would live farther out in Queens or on Long Island and commute by train/subway.  Also literally tens of thousands for sale out there.

Costs in Queens are not much different than other big metro areas, like DC, Seattle, or even the OC


Title: Re: Amazon to build second Headquarters
Post by: frank69m on November 07, 2018, 02:04:41 PM
I'm so glad Amazon didn't move here. Like we need another 100,000 residents.
Title: Re: Amazon to build second Headquarters
Post by: Ready2Downsize on November 12, 2018, 08:09:26 PM
Went pending right after Amazon news.

Title: Re: Amazon to build second Headquarters
Post by: Mety on November 13, 2018, 12:31:28 PM
Amazon 2nd HQ - New York and Northern Virginia.
And Nashville as the Operation Center.

https://blog.aboutamazon.com/company-news/amazon-selects-new-york-city-and-northern-virginia-for-new-headquarters?utm_source=social&utm_medium=tw&utm_campaign=jci&utm_term=amznews&utm_content=HQ2&linkId=59566274

Sad it wasn't Irvine.

#MIGA