IANR 2431 080324 Naveen Jaggi on Future of Malls; Trends in Real Estate by Simmi Jaggi; Residential Real Estate by Jincy Jose

Indo American News Radio Houston TX

IANR 2431 080324 Line Up

4-6pm INTERVIEWS (Guest host Sridhar Kotha)

Here’s the guest line-up for Sat, August 3, 2024 from 4 to 6pm CST on Indo American News Radio (www.IndoAmerican-news.com), a production of Indo American News. We are on 98.7 FM and you can also listen on the masalaradio app (www.masalaradio.com)

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4:20 pm Greenspoint Mall, an icon of the shopping scene in the north part of Houston is now closing forever after 30 years of business. Current plans are for part of it to be converted to affordable housing, while the other parts will be carved out later. We wondered how malls in general are faring as there are plenty more that are performing marginally nationwide. We turn to Naveen Jaggi, President of Retail Advisory Services of the global real estate giant, JLL, for some answers. 4:50 pm How is the real estate market accommodating these changes? For example, how easy is it to turn an office building into residential condos, or for that matter a grocery store into a fitness club? Are there other ways to make money on these real estate investments, like apartment complex redos? We ask Simmi Jaggi, executive Vice President of Land Advisory services, also of the global real estate giant, JLL, to explain what these other trends are.

5:20 pm The general residential real estate market seems to be taking a hit due to high mortgage rates, but now it seems like it is a better buyers’ market as most people are willing to negotiate. Also, in September, new rules will be in effect regarding the commissions that Realtors can get. How ae these changes affecting the marketplace? We turn to realtor Jincy Jose for some clarifications about this as well as Section 8 housing.

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