One Wall Street Serves as Test Case for Other Office Conversions Post-COVID
Built in the 1930s, One Wall Street, once an office building, has been transformed to a mixed use building thanks to rezoning laws. The amenities include AC, a pool, & a 6,500-square-foot private coworking space. Residents get complimentary memberships to Life Time’s 74,000-square-foot fitness center at the base of the building, plus easy access to… Read more »
6 Overlooked Investment Opportunities in Commercial Real Estate
In commercial real estate, smart owners exploit every available opportunity to maximize their net operating income (NOI) and create new, leveragable equity. Over time, small changes can generate millions of dollars in cash flow and added value, which will be critically beneficial as you grow your CRE portfolio. From parking to vending machines, these profit-boosting… Read more »
Commercial Real Estate Pricing Growth Slows to Pace Not Seen Since 2020
U.S. commercial property price growth slowed in November to an annualized pace not seen for more than two years, according to MSCI Real Assets. The RCA CPPI National All-Property Index rose 4.9% from a year ago and fell 0.4% from October, representing an annualized decline of 4.6%. The industrial index maintained its spot as the… Read more »
Is the Economy Headed in the Right Direction?
Is the Economy Headed in the Right Direction? by Neil A. Dolgin I’ve always been of the mindset that for any business, an economic downturn is an opportunity for innovation and transformation rather than a barrier to progress. While it’s hard to be certain where we’re headed in today’s economy, there is some good news… Read more »
Brooklyn Navy Yard to use Cityzenith platform for sustainability, cost cutting
Chicago-based Cityzenith is launching a pilot project using its SmartWorldOS Digital Twin platform to help New York’s Brooklyn Navy Yard cut operating costs and achieve sustainability objectives. Cityzenith said its platform enables buildings of any size, type or age to make significant savings. These include 35% in operating costs, 20% in productivity and 50% to… Read more »
NYC CRE Tech Summit
Commercial real estate has seen an enormous increase in tech platforms in recent years. As construction costs and land prices continue to rise, cutting costs is crucial. More and more property owners are turning to new technology to help save, increase efficiencies and optimize their investments. On Feb. 20, BISNOW is bringing together the NYC… Read more »
How Automation And Technology Can Benefit Your Real Estate Business
It’s no secret that automation and technology can help a business. But if you haven’t considered exactly how it can help — you just know that it can — you might be reluctant to make an investment and opt to do things old-school. At Kalmon Dolgin Affiliates, we’re all about applying the latest prop tech,… Read more »
Industrial Outlook Calls for Steady Growth in 2020
Despite concerns about the long-term impact of tariffs and the potential for an economic downturn, the outlook for the U.S. industrial sector heading into 2020 remains positive, according to industry executives who spoke at the recent Avison Young U.S. Industrial Summit in Chicago. The sector experts cited low vacancy rates and rising rental rates among… Read more »
10 Top CRE Players On Recession Timing And Where The Industry Could Feel It First
Worried about a recession? Is this record-long economic expansion reaching a conclusion? BISNOW recently reached out to some of the industry’s biggest players to ask what assets classes could feel most pain in a slowdown, and how they are preparing for what could lie ahead. BISNOW
3 Tech CEOs Transforming The Commercial Real Estate Industry
Technology innovation has changed industries. Look at Uber’s impact on the taxi industry to Amazon’s impact on the retail sector. In some ways, the commercial real estate industry has adopted technology adopter more slowly. Forbes examined three companies that are revolutionizing the commercial real estate industry through technology: TapCap – A digital-driven nationwide multifamily lending… Read more »