Foreign Money Continues To Pour Into Student Housing
Not a month has gone by that MJW Investments President Mark Weinstein does not receive at least two or three phone calls from an intermediary asking to meet with a foreign investor about the student housing industry.
As demand continues to increase for this once niche segment in the commercial real estate industry, foreign investors are looking to partner with operators who know the market well so they can get a foothold in the United States, Weinstein said.
“Foreign investors have been investing in multifamily for a long time,” Weinstein said after Bisnow's SoCal Student Housing & University Development event Nov. 30 at the Omni Los Angeles Hotel at California Plaza.
“It took them a long time to analyze…
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Anaheim Greenlights 500+ Apartments And Townhomes
The Anaheim Planning Commission approved plans for Newport Beach-based Shopoff Realty Investments and Wayne, Pennsylvania-based Argosy Real Estate Partners to build hundreds of apartments and townhomes in downtown Anaheim.
The commission unanimously voted Nov. 29 in favor of the Shopoff…
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IoT, Self-Driving Cars Could Mean Data Centers On Every Street Corner
Technological advancements are pushing data centers to the edge. The Internet of Things, self-driving cars and artificial intelligence are changing the way data center operators and tech companies think about data processing as they seek to bring those capabilities closer to where they are needed.
People are using more smart technology and want information instantaneously and do not want to watch a spinning load symbol on their phones, CoreSite Vice President, Technical Operations Matthew Mescall said during Bisnow's Data Center Investment Conference & Expo, West event Wednesday.
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5 Ways CRE Tech Companies Like Ten-X Work With And Reward Brokers
In 2015, Manhattan Towers, a two-building, 300K SF office property in Southern California, sold for $96M. Guinness World Records verified the sale as the largest e-commerce transaction in history. Ten-X Commercial powered the historic deal.
The company has continued to…
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Moody's Warns Cities On Climate Change: How Will This Impact Property Owners?
The threat of rising sea levels within cities on the Atlantic and Gulf coasts is not lost on property owners and investors in coastal markets.
Even credit rating agency Moody's Investors Service said cities on the coast will need to take climate change into account if they do not want to lose access to cheap credit, Bloomberg reports.
In a recent report to clients, Moody's said it now considers a city's climate change provisions when it issues credit ratings for state and local bonds. Those markets that do not have plans in place risk default if they are hit with rising water or intense storms.
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7 Thrilling Activities In Unexpected Places
From malls to hotels, the commercial real estate industry offers some unique amenities to attract new visitors and keep them coming. Check out some fun activities available in some more unusual locations:
From ice skating to surfboarding and a robot that will mix drinks, cruise ships have been offering some crazy onboard amenities for years. Royal Caribbean has gone one step further by offering onboard skydiving from iFly. Using a wind turbine, thrill-seekers can float in the air and feel like they are skydiving without jumping from an airplane.
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