Commercial Real Estate is notorious for NOT being market leaders in technology adoption. Why? The Urban Land Institute has an interesting article below that includes these explanations: Old Timers. The industry is full of dinosaurs. Senior Real Estate professionals are the key to developing successful products, having the industry knowledge and expertise that tech companies don’t have. As we see … Continue reading CRE Lagging in Tech Adoption – Why?
Once a year, we take time out from our weekly narrative to enjoy the holidays, say thank you to our clients and readers, and share Jason Gay’s hilarious rules for Thanksgiving Touch Football. This year, here are a couple of our favorites: –This is Peyton Manning’s first Thanksgiving as a retired football … Continue reading 27 More Rules of Thanksgiving Football
Crowdfunding Commercial Real Estate acquisitions is all the rage. However, like everything, there are opportunities and liabilities in placing your investment dollars in a crowdfunded deal. Below are two different articles with highlights. But first, a quick summary: Liabilities: Investors lack the industry knowledge and experience needed for real estate investments Too many uncommitted investors High legal fees … Continue reading CRE Crowdfunding
The current recovery has been anemic, not just economically but in terms of new office construction as well. Long term, the lack of new buildings is good as overbuilding is not a concern. With the emergence of millennials in the work force and live/work/play environments, suburban office markets have been even slower to recover. As the Central Business District … Continue reading Suburban Office Markets