Global Commercial Property Investment Flattens in 2019

CBRE | November 01, 2019

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019. Year-to-date volume was down by 5% from the same period last year. On a regional level, APAC reported an impressive 49% year-over-year increase in Q3 that offset the sluggishness in H1 and lifted year-to-date growth to 6%. The Americas and EMEA recorded a relatively soft third quarter due to political uncertainty, low yields and some recession fears.

Spotlight

Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

Spotlight

Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

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REAL ESTATE TECHNOLOGY, AGENT

Roomvu passes 110,000 Real Estate agents while Partnering with LA Based Realtor Association

PRnewswire | April 04, 2023

Since its inception in 2020 roomvu video content platform has acquired over 110,000 real estate professionals. Funded by a Former Top Producer realtor in Vancouver, Canada, the platform initially served as a niche market insights video solution for Real Estate Agents. But throughout the past 3 years, the content has expanded to images and stories as well ads. The platfrom now also has over 3000 Mortgage Brokers and Loan Officers using the product. The Web-based solution also now provides Social Media Management, Digital ads, and Email marketing to distribute the content it creates. Roomvu is proud to announce its partnership with the Southland Regional Association of REALTORS®, Inc. (SRAR). SRAR is a leading Real Estate organization representing over 12,000 real estate professionals in Southern California. The partnership allows roomvu's content to be integrated within SRAR's state-of-the-art internal systems, allowing agents to Single Sign On and also manage their social media through the platform. Roomvu will also provide interactive market insight videos based on SRAR's data for all agents. Here are what most agents face when trying to market their business on social media: Agents are not consistently posting on social media. Agents run out of local content to post, which leads back to problem #1. This leads to agents doing little to nothing at all (even if the brokerage creates content for them) roomvu's technology allows for a consistent flow of Hyper-Local Content Across Multiple Channels. The platform creates Hyperlocal videos, customized to each agent and automatically posts it on every agent's social media Inc: Instagram, Facebook and Tiktok! The partnership allows for all agents within SRAR to get 1 free social media post per week on Facebook, Twitter, or Linkedin, as well as access to exclusive discounts to upgrade courtesy of SRAR. "The world of digital and social marketing is ever evolving. roomvu has always tried to stay ahead of the trends on Digital Media Marketing for Real Estate, and this addition is the next step in that direction that broadens our marketing focus beyond agents," says Sam Mehrbod, Founder and CEO of roomvu. "We know that agents and brokerages already have millions of things to do on their plate. So we do what we do best, Creating Powerful Content. This is our largest partnership todate, empowering more agents, to start posting on social media , start a conversation with their audience, and bring them more visibility" "SRAR is constantly looking for ways to offer our members the newest technology and resources to help them succeed." Says Rich Pisani, 2023 President of SRAR. "We are excited to add a best-in-class social media provider that is also part of NAR's REACH Canada class of 2022." About roomvu Roomvu.com is the pioneer in Video Marketing for Real Estate Agents & Mortgage Brokers, Backed by the USA's National Association of Realtors. Roomvu generates Localized & Relevant Content for over 110,000 agents across and USA & Canada. It produces hyper-local content to automate Social Media Marketing, Email Marketing, CRM and Digital Ads for real estate professionals. About Southland Regional Association of REALTORS The Southland Regional Association of REALTORS is the "voice for real estate" in the San Fernando and Santa Clarita valleys. Their mission is to support members in serving their community with the highest standards of ethics and professionalism, and to champion real property rights and pathways to homeownership for all.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Tishman Speyer's The Spiral Earns CoStar's Commercial Development of Year Honors

PRnewswire | April 04, 2023

Tishman Speyer today announced that The Spiral, its recently-completed West Midtown office tower, has won the 2023 CoStar Impact Award for best commercial development in the New York City region. The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2022 with significant influence in neighborhoods across 128 major markets in the United States, Canada and the United Kingdom. Designed by BIG-Bjarke Ingels Group, The Spiral rises to 1,031 feet and features a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces ascend one per floor in a spiraling motion to create a unique, continuous green pathway that wraps around the façade of the tower, supplying its occupants with readily accessible fresh air and outdoor space. "Since day one, Tishman Speyer has been focused on making The Spiral the world's most innovative, collaborative and human-centric office environment," said Tishman Speyer Senior Managing Director and Regional Director of New York Chris Shehadeh. "This recognition by CoStar serves as both a validation of our efforts and a testament to the hard work and ingenuity of everyone involved in this project." The Spiral, which is pursuing LEED Gold certification, prioritizes people first through its biophilic design and intense focus on health, wellness and sustainability. Tishman Speyer's forward-looking approach has helped attract a number of the world's most diverse and innovative companies to The Spiral, including industry leaders Pfizer, Debevoise & Plimpton, HSBC, AllianceBernstein, Baker Tilly, NewYork-Presbyterian, SEB and Turner Construction. On the top floor of the 66-story tower, Tishman Speyer has created ZO Clubhouse, a premier amenity center and lounge that is available to all customers in the tower. The Clubhouse features an open-air terrace, panoramic views of New York City, a beautifully furnished lounge, food and beverage service, and multiple spaces for meetings, conferences and events. The Spiral also features Studio, Tishman Speyer's flexible workspace solution, with a full suite of furnished, on-demand availability offerings, including coworking spaces, private suites, conference rooms and hot desk space along with high-speed Wi-Fi, conferencing technology and a dedicated staff. Tishman Speyer is also partnering with award-winning chefs and restaurateurs on three culinary destinations at the base of the 2.8 million square-foot tower. The firm is working with Chef Gabriel Kreuther on a 5,700-square-foot full-service restaurant, as well as an all-day café serving breakfast and lunch, and featuring small plates and specialty wine and cocktails in the evening. Tishman Speyer is also collaborating with Erik Ramirez and Juan Correa, the team behind Llama San and Llama Inn, on a 6,000 square-foot restaurant showcasing Peruvian-Japanese cuisine. The Llama team is also operating the food & beverage program for the ZO. Clubhouse. Located at the intersection of the High Line and the four-acre Bella Abzug Park, The Spiral encompasses an entire city block stretching from West 34th to West 35th Streets and from 10th Avenue to the park. The six-story base of the building incorporates a grand lobby featuring thought-provoking art by a variety of partners. StudioDrift has created a mesmerizing upside-down landscape consisting of kinetic mechanical flowers that gracefully open and close in synchronized motion. Meanwhile, Sourabh Gupta's Botanicals create the illusion of garden ponds, with lush vegetation growing at the edges. About Tishman Speyer Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 33 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers' evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 531 properties, totaling 221 million square feet, with a combined value of approximately $130 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Accruit Accelerates Growth and Opportunities for Clients with Strategic Sale to Millennium Trust Company

PRnewswire | May 05, 2023

On April 19, 2023,a successful acquisition by Millennium Trust Company, a leading provider of health, wealth, retirement, and benefits solutions. In this strategic move, Accruit is excited to bring real estate 1031 exchange service solutions to over 5 million Millennium Trust clients holding over $55 billion in assets under custody. After an extensive process and in-depth evaluation of numerous companies, Accruit found the right match in Millennium Trust. For over 20 years, Millennium Trust has provided access to and custody solutions for alternative asset investments, including real estate, making the company and its existing clients a great fit for Accruit's real estate 1031 exchange services. "As we looked at how to best serve our current clients and grow our business, finding a company with strategic, like-minded values and service, which we found in Millennium Trust, was the right move," said Brent Abrahm, CEO and Founder of Accruit. "This acquisition isn't about slowing down, it's about accelerating our growth and opportunities, and extending our reach to over 5 million potential clients." As a 1031 exchange Qualified Intermediary and a technology solution provider, Accruit holds a unique position in the marketplace, making it an attractive extension of the solutions Millennium Trust currently offers clients. Accruit's patented 1031 exchange workflow technology, Exchange Manager ProSM, streamlines the 1031 exchange process through embedded controls, automated notifications, custom exchange agreement and document creation, and digital execution via electronic signatures, making it simple and efficient. "Being part of Millennium Trust allows Accruit to exponentially expand our footprint and provide exceptional service to more people looking to maximize their financial wellbeing," said Steven Holtkamp, Managing Director, and CFO of Accruit. About Accruit Holdings Accruit Holdings boasts over 20 years in the 1031 exchange industry. Through our leading independent, national Qualified Intermediary, we provide 1031 exchange services across the U.S. and specialize in all types of exchanges from forward, reverse, and build-to-suit/improvement, to specialty "non-safe harbor" reverse exchanges. We revolutionize the industry through our patented 1031 exchange workflow software by offering both SaaS and back-office solutions to the real estate marketplace. Learn more at www.accruitholdings.com About Millennium Trust Company Millennium Trust Company solves important business challenges through innovative financial wellness solutions that help people plan, save and invest. With clients holding more than $55 billion in assets under custody, we are committed to using our decades of expertise and strong partnership with the financial community to empower employers, advisors and institutions to help people achieve short-term and long-term financial security. Learn more about Millennium Trust at www.mtrustcompany.com.

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