More Landlords Leveraging Tech To Improve Customer Service, Internal Operations
Calvera Partners Managing Principal Brian Chuck breaks down the investor outlook for office properties: How to arrange your capital stack at Silicon Valley State of the Market July 26.
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Predictive analytics, machine learning, artificial intelligence and big data are increasingly becoming a part of day-to-day operations for landlords. Developers and landlords are partnering with tech companies, investing in and creating tech to create better experiences for their tenants and streamline operations within their companies.
Tech is a big part of EQ Office's shifting real estate strategy. Instead of being asset-focused, it is moving toward a customer-focused strategy, EQ Office Vice President of Real Estate Technology and Innovation Ryan Salvas said during the CREtech San…
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Sand Hill Property's Vallco Mall Redevelopment Qualifies For Streamlined Approvals Under SB 35
City officials have approved a streamlined review process under SB 35 for the redevelopment of Vallco Mall in Cupertino. The project, Vallco Town Center from Sand Hill Property Co., would create 2,400 housing units, 400K SF of retail, 1.8M SF…
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Tesla Pitches Tent To Rush Out Model 3, Raising Quality Concerns
Tesla has erected a 137K SF pop-up tent housing the general assembly line for the Model 3 beside its car factory in Fremont, California, Bloomberg reports. The pop-up factory was built over three weeks under temporary permits, some of which — like that…
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Pacific Union Launches Commercial Real Estate Division In Los Angeles
Luxury real estate residential brokerage firm Pacific Union International is getting into the commercial real estate game in Los Angeles.
The San Francisco-based company announced Tuesday it has launched Pacific Union Commercial, a full service commercial real estate division that will specialize in sales in all traditional asset classes, including multifamily, retail, hospitality, office and industrial.
The company will focus on properties in the $2M to $25M range but can handle all types of transactions, Pacific Union officials said in a news release.
“We offer a better and more holistic approach to commercial real estate, especially…
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Smaller Retailers Find Their Opening While The Old Giants Shrink
As the country's largest retailers struggle to adapt to 21st century consumer demands, retail landlords are increasingly willing to slice up their space, take on riskier tenant options and offer flexible lease terms — and smaller retailers are reaping the benefits.
In the first three months of 2018, Manhattan retail rents slumped almost 20% year over year to hit $653 per SF, according to figures from CBRE. Barely anywhere was left unscathed, with rents declining in almost all of Manhattan's retail corridors.
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Beyond the Bio: 16 Questions With Enterprise Community Investment CEO Charles Werhane
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Charles Werhane has spent four decades in commercial real estate. Previously the president and CEO of USF&G Realty Advisors, Werhane in 2005 became vice chairman and chief operating officer at Enterprise Community Investment, one of the nation's largest affordable housing nonprofits. Werhane was named president and CEO of Enterprise in 2009 and has led the company ever since. In 2013, he was named National Real Estate Executive of the Year at the American Business Awards.
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