Land Constraints To Increasingly Play Role In Data Center Site Selection In Silicon Valley
Silicon Valley remains among the nation's hottest data center markets due to its proximity to major movers and shakers in the tech industry. But geographic constraints in the main data market of Santa Clara are starting to put pricing pressures on land throughout the Valley, pushing developers to consider other locations not just within the Bay Area, but also elsewhere around the country.
Ongoing demand in 2018 pushed the vacancy rate to record-low levels, according to CBRE's U.S Data Center Trends Report. The vacancy rate fell below 5% for the first time since CBRE began tracking the data center industry in 2013. The…
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Nonprofit Accelerator For America Aims To Bring Cities And Opportunity Zone Investors Together
A few days after the Treasury Department unveiled its proposed guidance for the new Opportunity Zone program, the nonprofit Accelerator for America, led by Los Angeles Mayor Eric Garcetti, released an urgent reminder to cities and investors looking to capitalize on the program.
The Opportunity Zone program, which provides incentives for investors and developers to invest in select low-income areas nationwide, is intended to benefit underserved communities, not profiteers, Garcetti said.
“Washington's tax legislation has so far been a tool to enrich the already rich,” Garcetti said in a news release. “We are going to make sure that Opportunity Zones help the people they're supposed to.”
Garcetti serves as an advisory…
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The Kroger Co. Set To Announce 3 New Automated Warehouse Locations With Partner Ocado
Despite its large market share, Kroger has felt the pressure of Amazon on its business, making or hinting at several moves in the past couple of years to adapt to the new reality of shopping in the e-commerce age. Ocado's warehouses, 100%…
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Saudi Arabia's Growing Role In U.S. CRE Facing Questions Amid Khashoggi Fallout
A reformed Saudi Arabia could provide vital foreign investment in U.S. commercial real estate at a time when cross-border capital from countries like China is drying up. But political tension is already a hurdle of a business relationship still in its infancy.
“We thought there was an opportunity for relations with the Middle East and especially Saudi Arabia to improve and have them start spending money in the U.S.,” One and Only Realty partner Edward Mermelstein said. “But what has happened recently in Saudi Arabia has really thrown sticks in the spokes of that wheel.”
Mermelstein has watched as foreign investment in U.S. commercial properties has dried up in recent years. Chinese investment in U.S. real estate fell 55% from 2016 to 2017. While the Middle East's capital contributions weren't as large, Saudi Arabia has been a key U.S. ally.
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Jaguar: This Is How Electric Cars Could Reshape Real Estate
There is a lot of noise about the impact driverless cars might have on real estate — but electric cars could also fundamentally affect the sector, according to one of the world's most famous automotive firms.
Car maker Jaguar has teamed up with architecture firm Barr Gazetas and come up with four ideas about how electric cars might influence the future of urban and more rural real estate.
The ideas range from motorway rest stops to repurposing derelict post-industrial land.
“These four concepts should all be possible within a generation,” Barr Gazetas Managing Director John Eaglesham said. “Electric vehicle successes represent a huge catalyst for change.
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