First American says consumer house-buying power is highest its been in nearly two decades

First American | August 28, 2019

In June, home prices fell 2.2%, declining 4.6% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 6.3% above the housing boom peak. Whereas consumer buying power ticked up 3.3% between May and June, increasing 12.2% year over year. This means when consumer house-buying power is factored in, home prices are actually 41.3% below their 2006 peak and 18% below prices from January 2000.

Spotlight

Gregory Jordan, Global Managing Partner and Chairman of Reed Smith, tells how Jones Lang LaSalle helped his firm save millions by optimizing their global real estate portfolio.

Spotlight

Gregory Jordan, Global Managing Partner and Chairman of Reed Smith, tells how Jones Lang LaSalle helped his firm save millions by optimizing their global real estate portfolio.

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Measurabl Receives a 2022 CREtech Real Estate Tech Award

Measurabl | October 17, 2022

Measurabl, the world’s most widely adopted ESG solution for real estate, was named a Grand Prize Winner in the Ninth Annual Real Estate Tech Awards (RETAs) for the Mid Market Growth category. The award is presented by CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector, in partnership with Colliers, a leading diversified professional services and investment management company. Measurabl was recognized as a cutting-edge company that has played an integral role in advancing technology in the real estate industry. Among this year’s judges were leaders from Boston Properties, PGIM Real Estate, Jamestown, and Colliers. “We are delighted by the recognition, We have worked closely with our customers and the real estate industry at large to deliver the essential digital tools and infrastructure needed to succeed in the ESG Era. I take this award as encouragement to keep up the good work, and continue supporting the industry in its transformation to a more profitable and sustainable business model.” -Matt Ellis, Measurabl’s Founder and CEO This is the second time Measurabl has been named a RETA grand prize winner. The award comes on the heels of Measurabl’s ESG Advisory Services and Asset Optimization launches. These new offerings and others aim to help real estate firms go beyond the data as they report on ESG performance and climate risk, evolve existing ESG strategies, set targets, and identify ways to continuously improve. About Measurabl Measurabl is the world’s most widely adopted ESG (environmental, social, governance) technology solution for real estate. Customers use Measurabl to measure, manage, report and act on ESG data on more than 13 billion square feet of commercial real estate across more than 90 countries valued in excess of $2 trillion. Measurabl empowers customers to optimize ESG performance, assess exposure to physical climate risk, drive decarbonization and secure sustainable finance opportunities. About CREtech CREtech is Reimagining Real Estate. We are the largest international community of professionals devoted to technological innovation in the real estate sector. Our mission is to help the industry embrace, adopt, and future proof its businesses. Our streaming, live/virtual events, and consulting platform inspires the next generation of ideas, processes, and people to champion the world's largest asset class.

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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

JLL's strategic technology services enable future of work and sustainability

JLL | November 22, 2022

JLL Technologies (JLLT), the technology division of JLL, today announced the launch of the Strategic Technology Program, which provides assessment, strategic planning, goal setting and performance measurement services for real estate technologies. The launch of the program is in response to increasing demand for technology solutions to help commercial real estate (CRE) managers adhere to sustainable business objectives. These services are particularly relevant now as businesses implement long-term hybrid work models and ambitious sustainability targets stemming from the pandemic. According to JLL research, 44% of large and mid-size organizations rely on external partners and service firms to accelerate their real estate technology implementation. Among JLL's enterprise clients, demand for technology management services has increased by over 50% year-over-year. As demand has increased, JLL has invested in its technology services. The Strategic Technology Program helps real estate leaders better manage and operate their real estate technology for optimal outcomes. Real estate leaders can use the program's technology assessment, management and measurement offerings to align their technology portfolio to their building systems and data, sustainability, and facility management objectives. The offering helps companies in the following areas: Building – Tools that tune buildings and workspaces to drive for optimal performance, inform sustainability objectives, and enable real estate services teams to interact with building and enterprise systems. Workplace – Enterprise technology solutions that help maximize employee efficiency and enhance their workday experience. Sustainability – Platforms that measure and improve energy use, water use and waste to help companies reach their net zero carbon goals. Data & Analytics – Governance, integration, reporting and modeling that leverage data and analytics platforms to achieve financial, operational and experiential breakthroughs that power insight-driven real estate decision. "More and more, organizations are coming to us to help them demystify the ever-expanding and increasingly complex real estate technology landscape, and ultimately use that technology to help them navigate the changing world of the workplace, Hybrid work requires technology to be successful. This offering is a great example of how we combine expertise across technology and technology services to enable our customers to select, deploy and adopt technology and accelerate their return on investment." -Sharad Rastogi, president, JLLT JLLT houses decades of talent from all corners of CRE – developers, technologists, brokers and more. Together with other business lines in JLL, it delivers a comprehensive portfolio of purpose-built software platforms, apps, hardware and technology services. It also offers innovations from venture-backed companies. JLLT's objective is to meet and exceed the industry's demands for transactional, operational, experiential and data-driven excellence. JLLT is our strategic real estate technology partner, They are an extension of our internal team and a trusted delivery and thought partner. They help us drive innovation, transformation, and adoption through an actionable and measurable technology roadmap and tightly aligned business outcomes, both of which are supported by efficiently utilized people resources and technology resources,said Kathy Jones, Associate Vice President for Facilities Engineering and Planning, Rice University. JLLT is recognized as a leading Workplace Systems Integrator by Verdantix Research and has helped thousands of clients deploy and manage technology in more than 130 countries globally, representing over 250,000 properties and more than 14 billion square feet of space. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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Northwood Investors Acquires Nashville's Fifth + Broadway

Northwood Investors | November 23, 2022

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