'There's Still A Lot of Money Around'
In Miami After Irma
Following weeks of nonstop news coverage about hurricanes, real estate professionals were understandably concerned that investors might shift their sights away from Florida and its severe weather events. But the experts who spoke about capital markets and foreign investment during Bisnow's Miami State of the Market event Tuesday agreed: the impact was almost nil.
Walker & Dunlop Managing Director Kevin O'Grady said he is in the midst of several hundred millions of dollars in deals, with foreign investors flying for tours, and “there hasn't been a peep about the weather.”
“There may be a short-term…
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A Sharp Lawyer, Gobs Of Insurance And Strategic Site Selection: How To Insulate Properties From Future Storms
South Floridians will never escape hurricanes entirely, but they can take steps to brace themselves against the risk. In conversations with Bisnow, several real estate professionals offered tips on how to best insulate projects from big storms. The magic formula?…
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After Hurricane, Some Investors Moving Assets Out Of Florida
In the wake of Hurricane Irma, many of South Florida's real estate pros were eager to get back to work, downplaying the storm damage and predicting that the region will remain attractive to buyers.
Turnberry Associates CEO Jeff Soffer went on CNBC to say real estate prices would not be affected long term, and other developers told The Real Deal that they were mostly dealing with temporary landscaping issues and power outages.
But Franklin Street Director…
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Developer Terry Stiles Remembered For Transforming Fort Lauderdale
Terry Stiles, the developer who built many of downtown Fort Lauderdale's first high-rises and South Florida's office parks, died Sept. 11 from cancer. He was 70.
His company, Stiles Corp., developed more than 43M SF of commercial and multifamily projects throughout South Florida. Clients included some of the region's best-known companies, like Publix and AutoNation. Over the years, Stiles Corp. built Tri-Rail stations, car dealerships and portions…
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Your Workplace, On-Demand: 5 Predictions For The Future Of Work
How the rise of the nomadic creative class will transform where, when and how we work. Physical offices have always defined the working experience. But with the rise of mobile technology and the sharing economy, the tables have turned. A growing millennial workforce has shattered the traditional model of assigned desks and the nine-to-five. People can work from anywhere, at any time, and that has commercial landlords rethinking asset ownership.
Offices of the future will need to be community gathering spaces, places where companies can attract and develop talent. Buildings will become smarter, integrating with personal devices to anticipate user demand. Owners will also have to adapt as shorter leases become the new normal, as company policies shift from always present to always connected.
Download this white paper by Ryan Simonetti, co-founder and CEO of Convene, to find out how you can survive.
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Sink Or Swim: How 13 Retail Segments Will Survive The E-Commerce Onslaught
It is the survival of the fittest in the retail sector. Only those best positioned to embrace consumers' changing shopping patterns and accommodate e-commerce will survive the seismic shift.
JLL estimates e-commerce sales will grow at an annual rate of 15.5% between 2015 and 2020. Already, online sales account for 8.9% of overall retail sales, which came in at $1.3 trillion as of Q2, according to the U.S. Census Bureau.
Bisnow dissected JLL research on how 13 retail categories are handling the pressure, and whether they will successfully make the shift online.
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PropTech Is Not A Competitive Edge, It's A Necessity
Tenants want technology that can connect them to their environment, help them connect with each other and increase efficiency, and developers are taking note. But do not think of it as a unique advantage.
“Tech is an imperative,” The Swig Co. Executive Vice President and Director of Asset Management Deborah Boyer said during DisruptCRE in San Francisco. “It's not something that gives a competitive edge. You're going to be way left behind if you're not on top of it. A competitive edge comes from selecting the right technology.”
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VIDEO: What Do Uncertain Times Mean For The Future Of CRE Finance?
Times are changing, and with that change comes uncertainty. The rise of short-term interest rates, concerns around overbuilding and affordable housing and turnovers in government administration have led to doubts about the future of the commercial real estate financial marketplace. But in many ways the market is stronger than ever, and there are more opportunities to grow portfolios across multiple asset classes all across the country.
Bisnow partnered with KeyBank to discuss current market trends and show smart CRE professionals how they can take advantage of the current landscape.
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