Commercial real estate and construction have been notoriously slow to adopt new technologies. But digital transformation is coming to the industry. At CRE Converge 2021 in Miami Beach, experts discussed how several new technologies are affecting developers, builders, and owners: Reality capture technologies allow you to see and/or record what’s happening at a job site, whether […]
In the closing keynote session at CRE.Converge this week, Hessam Nadji, Marcus & Millichap President and CEO, sat down with Jon Paul Pérez, president of Related Group, a leading developer and one of the largest Hispanic-owned businesses in the U.S. with a development portfolio of over $40 billion. Pérez shared his insights into how the […]
While some assets in the real estate market have been jolted by pandemic-related fallout, some investors, managers and property owners will look back on the COVID-19 era as the “golden era” of real estate investment. While some sectors have struggled, like office and retail, certain sectors have seen tremendous growth. Managers with operational expertise with […]
The post-recession economic revival is well underway, supporting the revitalization of most commercial real estate sectors, but evolving demand drivers have structurally changed the industry’s investment outlook. As elevated market liquidity and low interest rates align with changes in the marketplace, investors have adapted their strategies, dramatically altering the commercial real estate investment landscape. At […]
In the wake of the COVID-19 pandemic, supply chain problems have become pervasive. In fact, things are getting so bad that many fear they could imperil the all-important holiday shopping season this year. “My wife came up to me and said, ‘We have to start Christmas shopping right now,’” said John Petricola, senior managing director […]
Attendees at CRE.Converge this week had the unique opportunity to hear from seven-time NBA All-Star and sports icon Grant Hill. Skip Kalb, principal, Skip Kalb Strategies, LLC, and incoming chair of the NAIOP Research Foundation, interviewed Hill about lessons learned through his time in the NBA, his recent appointment to lead the USA Basketball Men’s […]
As part of the commercial real estate industry, the life science market is dwarfed by its industrial sibling. Where the latter comprises 14 billion square feet of developed space nationwide, the life science sector includes 150 million square feet. It may be a niche segment, but it’s drawing outsized interest from private investors and federal […]
To address its ongoing talent shortage, the commercial real estate industry must look outside of traditional recruiting avenues and consider people with nontraditional career paths. Ten years ago, great employees seemed much easier to find – an organization might find three excellent candidates for any one open position. Today, it can feel like there are […]
The fallout from the pandemic and resulting economic chaos remain challenges for developers, property owners and managers, tenants and their employees. They also provide a critical lesson in resilience. “Resilience is a muscle, and like our biceps, if we don’t work them and exercise them, then they won’t grow,” said Kristin Jensen, AIA, principal and […]
The post-pandemic construction boom has taken many forms. E-commerce and big box retailers are developing across the country, while at the same time, construction projects that were postponed during the pandemic have resumed. However, the lack of workforce at manufacturing facilities last year combined with the high demand for materials have led to price increases and lead-time […]
