What Landlords With Empty Coworking Spaces Need To Do To Fill Them Again

Google will fill the rest of a new Midtown Atlanta skyscraper as part of its $7B national real estate expansion this year.

The tech giant will invest more than $25M in Georgia in 2021, an investment that includes leasing about 500K SF in the 1105 West Peachtree St. office tower, including the 135K SF it initially leased in 2019, moving "into the remaining space over the next several years," a spokesperson told Bisnow.…

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For decades, even some of the most sophisticated real estate investors have been able to get by without being backed up by the latest technology. Many asset managers didn’t have a problem tracking their properties with homegrown software and point solutions. The coronavirus pandemic has put an end to that.…

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Amazon occupies more than 44M SF of offices across the world, and like many workplaces throughout the last year, they are still mostly empty.

Roughly 90% of the company's office-using employees are working remotely today, but the company hopes to bring people back by the fall, Amazon Vice President of Global Real Estate and Facilities John Schoettler told Bisnow in an interview Monday. 

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Typically, the tedious task of researching and writing a credit memo for a loan can take days. Jeff Saul promises he can do the burdensome task in 10% of the time, cutting more than 50 hours of tedious, manual data entry from someone’s job. Saul himself isn’t a savant; Nativ, a new commercial real estate software platform he co-founded that utilizes artificial intelligence and automation, reportedly can reduce that workload to just a few hours. For Saul, that’s just the beginning. He believes Nativ can cut much more.

“We’ve studied the labor components of junior-to-midlevel CRE professionals, and have concluded that more than 85% of time expenditure is on highly automatable tasks,” he said. “Our goal is the automation of all non-subjective components of this workflow. Eventually we hope to take on the subjective parts as well, although we believe the industry isn’t quite ready for that today.”

Nativ, a recent entrant into the increasingly crowded proptech field, is part of a wave of technology that, having grown over the past few years, is set to crest when the CRE world begins to ramp up post-pandemic. Automation and AI in the workplace, already a fast-growing field, is expected to boom further as employers see cost savings and efficiency gains.

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This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Angie Liou has become a prominent voice for Boston's Chinatown community after rising in the ranks of affordable housing efforts across the East Coast.

After moving from Taiwan to Philadelphia in 1997 at 17 to study sociology, she graduated and found her calling as an urban planner after briefly dabbling in law.

As executive director of the Asian Community Development Corp., Liou has served as lead on more than $150M in projects and asset management of more than 300 units, advancing affordable housing efforts with the community's marginalized voices in mind. Liou helped secure city approval last year for a 350-foot-tall mixed-use tower at a long-awaited parcel with up to 168 affordable for-sale and rental housing units, a joint venture with development titan Millennium Partners.

From leading project teams of all older White men as an Asian woman in her 20s, Liou has transitioned from the day-to-day management to guiding policy to protect ACDC's residents and overseeing its efforts to provide affordable housing in a community sorely lacking housing stock. 

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