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Hear more from Pillow CEO Sean Conway and other experts on what is affecting the multifamily market at Bisnow Multifamily Annual Conference SoCal on July 18. |
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Affordability has been the biggest buzzword in the multifamily industry in recent months, whether as part of the discussion of priced-out tenants needing affordable units or multifamily building owners looking for ways to recoup development costs. 
Could allowing tenants to rent out their apartments by the day or week help solve the problem of affordability, particularly as the state mulls the repeal of Costa-Hawkins, California's law that limits rent control? Pillow co-founder and CEO Sean Conway…
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Historic Taft Building In Hollywood Sells For $70MThe historic Taft Building in Hollywood that was once home to the offices of Will Rogers, Charlie Chaplin and other prominent entertainers has sold for $70M. 
DLJ Real Estate Capital Partners sold the 12-story, 125K SF building in an off-market transaction to a JV of El Segundo-based developer Ocean West Capital Partners and Westbrook Partners, the Los Angeles Business Journal first reported. An Ocean West Capital Partners…
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Office Tracking Devices: Enhanced User Experience Or Big Brother Watching?What does it take to convince a corporate executive to surrender his or her corner office with a view? Evidence backed by data to support the argument that flexible and collaborative workspace is more efficient than traditionally closed offices. To design office spaces centered around an enjoyable work environment, having a deep understanding of how the staff makes use of that space is crucial. Using technology to monitor employees' movements throughout the day is a popular way for employers to gain that understanding, though not everyone loves the idea of being watched at the office. What happens when data trackers are so advanced that employees' every move is being monitored, analyzed — and sometimes even smelled? Yes, some systems can even detect when an employee has passed gas. |
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The Key For Construction Firms Adopting More Job-Site Tech Is To Get Out Of The WayDespite different tech solutions to increase productivity on the job site, construction remains slow to adopt technologies and many field workers face significant pushback over the cost of implementation. Construction professionals are grappling with how to pay for new technology while also explaining to chief information officers and those who approve the budgets how these products are improving job-site performance. Satterfield & Pontikes Construction General Superintendent Robert Kipp said he does what is best for his project team and what helps them build faster. “I've been at odds with major CIOs who say ‘who do you think you are trying to drop $100K on licenses?'” Kipp said during the inaugural PlanGrid Construction Summit on Monday. “If I spend $100K on chipping guns, nobody would blink. … If I spend $10K on some licenses that make my life easier, you're going to call and bust my chops? Forget about it, brother.” |
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Immediate Impact Of June Rate Hike To Be Minimal, But The Pace Of Future Moves Could Adversely Affect CRECommercial real estate professionals were largely unsurprised by the Federal Reserve's interest rate hike Wednesday, and many do not expect the move to have an immediate impact on the market. Should the Fed continue to bump short-term rates at a fast clip, however, it could adversely impact the industry and the overall economy. “In general, these moves are a function of an improving economic environment whereby inflation is expected to rise. Higher rates will increase the cost of capital, but there is a record amount of fundraising seeking a home in CRE and so we do not anticipate higher short-term interest rates to diminish access to capital,” Cushman & Wakefield Economist and Americas Head Of Forecasting Rebecca Rocket said in an email. |
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