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July 18, 2023

Use Them Or 'Be Left Behind': Here Are The 5 Most Practical AI Tools For CRE Right Now

Flight Prices Are Increasing. Book Your Ticket Now For The International Life Sciences & Biotech Conference

The commercial real estate industry might have a reputation for being slow to adapt to new technology, but it doesn’t live under a rock.

Artificial intelligence is already making processes easier for industry members and clients, and with a wave of new apps and plug-ins emerging, CRE is likely only starting its tech journey.

Use Them Or 'Be Left Behind': Here Are The 5 Most Practical AI Tools For CRE Right Now

The popularity of artificial intelligence and generative AI technology, which creates new images or designs based on prompts, is increasingly being noticed, if not yet widely embraced, by CRE.JLL last week found that it is among the top three technologies expected to have the biggest impact on real estate,…

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Southern Land Co. To Develop 2-Acre Mixed-Use Project In Upper Kirby

Southern Land Co. plans to develop a nearly 2-acre parcel in Upper Kirby into a mixed-use project consisting of a 36-story residential tower and a Class-AA office building.

Southern Land Co. To Develop 2-Acre Mixed-Use Project In Upper Kirby

The project will be at 2811 Kirby Drive, on the northeast corner of Kirby Drive and Kipling Street. The land is home to a former Wells Fargo location where Clay Development & Construction had planned to develop a 100K SF medical office building. Clay Development confirmed by…

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Houston’s Industrial Building Cycle Is Finally Cooling Off

Houston’s industrial pipeline began to trend downward in the second quarter following a record high under-construction volume in the first quarter. JLL experts say this is a good thing for the market.

“We're going to see that record construction activity that we had in the first quarter really start to come down and help us kind of rebalance the market looking ahead and moving into 2024,” said Rachel Alexander, director of research for JLL in Houston.

Houston’s Industrial Building Cycle Is Finally Cooling Off

Houston had 27.4M SF of industrial space under construction at the end of Q2, down from over 30.5M SF in Q1, according to JLL reports.At midyear, Houston’s total net absorption of 10.2M SF has already surpassed the pre-2020 annual average as the market continues to perform above historical norms, the report…

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This Week's Houston Deal Sheet

This Week's Houston Deal Sheet  

Building off its Remy on the Trails multifamily community, McNair Interests broke ground on its second On the Trails community. The project is part of the larger, 24-acre lakefront enclave on Deerwood Road in the Westchase District.

Anticipating move-in by summer 2024, the multifamily community at 10505 Deerwood Road spans 6.8 acres and will include a public, 2K SF all-day café by an established local operator. The project encompasses approximately 200K net rentable SF over four stories. The unit mix consists of 221 one-, two- and three-bedroom…

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Howard Hughes Creates New Holding Company To Allow Separation Of Assets

Howard Hughes Creates New Holding Company To Allow Separation Of Assets  

The Howard Hughes Corp. has a new corporate structure after its board of directors approved a plan to create a holding company that will become the new parent company of the publicly traded development and investment firm. The reorganization allows Howard Hughes to separate its commercial real estate…

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EXCLUSIVE: Barnes & Noble’s CEO On New Store Strategy And Rewriting Retail By The Book

EXCLUSIVE: Barnes & Noble’s CEO On New Store Strategy And Rewriting Retail By The Book  

Amazon should have wiped Barnes & Noble out. And at one point, it looked like America’s biggest book chain might indeed be going the way of megastore rival Borders — into the great archive library in the sky.

Instead, Englishman James Daunt is talking to Bisnow about bookselling, expansion and soaring readership. The bookseller has turned bestseller, opening stores in new and old locations, and as a dish served cold, some of those sites have been at vacated Amazon Books stores too.

With around 600 Barnes & Noble bookstores across the U.S., plus an online platform, Nook e-books and audio books, SparkNotes and publisher Union Square & Co., Daunt as CEO presides over a literary emporium that also encompasses 293 Waterstones and Blackwell’s stores in the UK.

The group has been owned by hedge fund Elliott Advisors since 2019, and Daunt has been entrusted with reshaping and expanding the company, including in New York, where Barnes & Noble's huge and iconic Fifth Avenue flagship closed in 2014. He gave Bisnow an insight into where the company is heading and how he is turning it around. 

Chapter 1: Data Be Damned “We are looking at between 13 and 14 more new stores in 2023 across a large range of sizes and types,” Daunt said. “We've got one that's 30K SF opening in New Jersey, we've opened up some 25K SF-type stores, but we've also got…

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