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On the evening of June 7 in Porto Alegre, Brazil, about 150 people showed up to a cultural center called Instituto Ling to hear a pitch from Alan Araujo. There, the director of international sales at One Sotheby's in Miami was pitching these mostly high-net-worth investors and their families on condominium units at two high-end projects in Miami: One Thousand Museum by Zaha Hadid Architects and the Louver House. 
And on this Wednesday evening, Araujo said at least part of his audience was looking to buy condos — which ranged from about $3M at Louver House to more than $20M at One Thousand Museum — because they wanted to get their…
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EastGroup Debuting In Miami-Dade With 200K SF Spec Warehouse
As Miami's industrial market sees vacancy rates below 4%, Mississippi-based EastGroup Properties is rolling the dice on an 850K SF industrial park for its Miami-Dade County debut. EastGroup has tied up a 61-acre site that was formerly the practice track…
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Anbang Turmoil: The Chinese Insurer Was Still Buying Up Global Real Estate In May But That Could Be OverChinese insurer Anbang, whose chairman has stepped down amid reports he has been detained, was still a major buyer of global real estate as recently as last month. But now it may be facing a liquidity problem that will send it falling out of power. The company has made a name for itself in the real estate world with a series of blockbuster deals in the U.S. and Europe, spending $8B in a little more than two years, according to data from Real Capital Analytics. |
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Pre-Leases For Warehouse Space Under Construction Reach New HighsThe booming industrial market is breaking records left and right. The sector recorded its 28th consecutive quarter of net occupancy gains as of Q1; warehouse development pipelines hit new highs in the same quarter, spurred by demand for more modern Class-A facilities; and more recently, about half of the 167M SF of warehouse supply under construction has been pre-leased — a 10-year high. |
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The Brainiest Professor In Real Estate Wrote A 95-Page Paper On PropTech And We Read It All So You Don't Have To
“There is an oversupply of activity in real estate FinTech, an excess of optimism in shared economy real estate, but a real need for smart buildings.”That is the conclusion of professor Andy Baum of Oxford University's Saïd Business School in…
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