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The Proptech Industry Embraces Diversification in 2024
It’s been a rocky year for investors across all sectors. In 2023, commercial real estate investment experienced its fair share of dislocation, and CRE investment is down as much as 60% this year. But real estate isn’t the only space where investors have become skittish. Venture capital investors have also dramatically reduced funding for innovation…
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Placemaking Is the Key to a Successful Mixed-Use Development
Mixed-use real estate is quickly becoming one of the most popular asset classes. The property type is transforming urban landscapes and providing people with easy access to restaurants, retail, recreation, and more. Mixed-use properties have the potential to create dense walkable live-work-play environments that enhance the vibrancy of a city and community—but to create such…
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How CRE Developers Can Accurately Predict Demographic Trends
Real estate development projects are driven by demographics. Where people live, travel and spend time, along with annual income, education, household formation and age, are all details that inform and shape a city’s construction pipeline. Often, developers need evidence of specific demographic criteria to merit a development thesis before land acquisition or ground breaking, and…
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How A Real Estate Asset Valuation Reset Will Impact CRE Developers
A wide bid-ask spread has characterized the commercial real estate investment market this year. Due to the rampant rise in interest rates over the last 18 months, buyers and sellers cannot seem to get on the same page about asset values. Buyers expect—as is standard during an elevated interest rate environment—lower asset prices to offset…
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Shifts in U.S. Industrial Hotspots Forge New Development Opportunities
The pandemic was an epic disruptor. In a matter of weeks, it grounded international travel, sent millions of workers home from the office, froze commerce and upended global supply chains. The long-term effects of these changes are still manifesting, but they are proving to be significant. While the commercial real estate industry has focused on…
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5 Ways Sustainable Building Materials Are Replacing Old Standards
In the last few years, the commercial real estate industry has made an ardent effort to confront climate change. Commercial buildings are responsible for 39% of global energy-related carbon emissions, according to the World Green Building Council. Building operations, like heating, cooling and power, are responsible for the majority—about 75%—of a building’s carbon footprint; so,…
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How to Leverage Automation Across the Real Estate Development Process
When many Americans get home at the end of the day, they unlock their front door with a cell phone and turn on the house lights with their voice. Air conditioners switch on instantly, home assistants play music and the ovens begin heating up for dinner, all without touching a button. It’s all made possible…
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4 Alternative Capital Sources for Multifamily Development
Capital drives commercial real estate development. It fuels the years-long endeavor—taken without cash flow or revenue—until the project is complete. For the last decade, capital has been readily available at a historically low cost, but now, the tide has turned. With widespread economic uncertainty, rising interest rates and a banking crisis earlier this year, banks…
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Key Migration Trends Every Commercial Real Estate Developer Should Know
In March 2020, The New York Times published “The Great Empty,” a photo series of desolate plazas, subway stations, city streets and concert halls. Las Ramblas in Barcelona, Santa Monica Beach in Los Angeles, The Spanish Steps in Rome, Times Square in New York, Place de la Concorde in Paris and the Red Fort Fair…