Billionaire Buzzkill? Jeff Greene Offers Counterpoint To Sunny Real Estate Predictions
December 5, 2018

Billionaire Buzzkill? Jeff Greene Offers Counterpoint To Sunny Real Estate Predictions

More than a dozen panelists spoke at Bisnow's State of the Market event in West Palm Beach Tuesday, and their outlook for the economy ranged from "bullish" to "cautiously bullish" to "optimistic" to "cautiously optimistic."  

Then there was billionaire Jeff Greene. 

"We all know it takes a lot longer to blow up a balloon and put the air into it than it does to pop it and let it all out, and when it drops, it drops fast," Greene said. "We've…

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World's First 'Robotic Supermarket' Coming To Miami

It's the quintessential problem for the modern American supermarket: how to offer the wide selection that customers expect, yet still turn a profit after having to pay for its real estate and operating costs. A Massachusetts company, Takeoff Technologies, has devised a solution and is partnering with Miami-based Sedano's grocery stores to roll it out. 

The two companies say they have developed the world's first "robotic grocery store." Shoppers will order groceries on a smartphone app, and then, at an "automated micro-fulfillment center," artificial intelligence-enabled robots pick the items off shelves. They can pick 900…

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Strip Club Found Liable For Shooting On Property

The recently closed King of Diamonds strip club is known around the world because countless rappers have immortalized it in song. Not far away, though, was a perhaps more notorious club.  

Coco's over the years had been the site of multiple shootings and the arrest of a drug and weapons dealer named King Dread. One reviewer on Facebook warned in 2016, "If u want to live tomorrow, I suggest this not…

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Driftwood Floats Into Atlanta With Purchase Of 3 Hotels

Driftwood Acquisitions and Development purchased a three-property portfolio of Fairfield Inn & Suites from Atlanta-based Hotel Development Partners for an undisclosed sum. The hotels include Fairfield locations in Buckhead, Central Perimeter and Alpharetta. “In general, we stay away from some markets…

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Cross-Border Investment In U.S. Property Markets Accelerates, With Canada Dominating Transactions

Though cross-border investment in U.S. commercial real estate has tapered off since 2015, renewed interest from foreign buyers reversed course in the third quarter, with Canadian investors leading the charge. 

Cross-border investment increased 61% to $62B in Q3, the highest amount recorded since Q3 2015, according to Cushman & Wakefield's Q3 Capital Markets report

Not only do Canadian buyers account for the largest dollar amount of foreign capital moving into the U.S., but without Canada's capital injection, foreign investment activity during the period would have stalled, Real Capital Analytics reports. 

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Certified Green Buildings Linked To Healthier, Happier, More Productive Employees

Job hunting must-haves: PTO, check. Benefits, check. Green building, check?

When it comes to employee retention, the building itself can play a huge role in enticing people to stay. Workers who spend their days in certified green buildings — such as LEED-certified buildings — are happier, healthier and more productive than employees in traditional buildings, according to a recent survey from the U.S. Green Building Council.

The USGBC created the LEED ratings system as a framework to gauge healthy, highly efficient and cost-saving green buildings. 

Another recent report shows that as green building grows in popularity, the savings associated with the movement continue to be a strong advantage for owners. Most LEED participants cite occupant health and happiness as one benefit, with lower operating costs as another.

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