Phoenix Snags Kansas Warehouse Facility

Commercial Property Executive | December 26, 2019

The demand for industrial space across the Midwest remains high as an 880,000-square-foot industrial facility in Kansas was leased up as soon as it changed ownership. Phoenix Investors acquired the large industrial property at 2654 Highway 169 in Coffeyville, Kan. for an undisclosed price. The property is on a 105-acre site and features clear ceiling heights up to 39 feet, 70 dock doors, three drive-in doors, air conditioning and 630 surface parking spots. The industrial building is located adjacent to the Coffeyville Municipal Airport and also nearby Highways 166 and 169 and Interstates 35, 44 and 70. The property was initially built as a distribution center for Golden Books in 1978 and added more phases through to 1999. Amazon then came into the scene and used the building as a fulfillment center from 1999 to 2014. According to Anthony Crivello, executive vice president of Phoenix, the property was substantially vacant after Amazon left.

Spotlight

Technology is revolutionising the way Commercial Property works. Here Colliers, BNP Paribas, Cushman & Wakefield, JAI and British Land talk about how it is shaping their company and changing the pace at which the industry operates.

Spotlight

Technology is revolutionising the way Commercial Property works. Here Colliers, BNP Paribas, Cushman & Wakefield, JAI and British Land talk about how it is shaping their company and changing the pace at which the industry operates.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Enlighted Opens new Canadian Office to Increase Global Presence for IoT & Software Innovations

Enlighted | October 27, 2022

Enlighted, a leading proptech company, announced the opening of its new office in Kitchener, Ontario. The new office will be a hub for technical product development teams and further the company’s global scope as it continues to develop cutting-edge IoT and sustainability solutions at the intersection of people, space and work. “After two and a half years of the pandemic, in-office collaboration is a more critical part of hybrid working than ever before, As a proptech leader, we intimately understand the value in bringing together new and future talent to collaborate and ideate in person, ultimately creating a shared sense of purpose. We look forward to further tapping into the rich talent base in the Waterloo and Kitchener area to bolster our product innovation.” -Stefan Schwab, CEO, Enlighted Enlighted’s new office is in the Catalyst Building, a hub for Waterloo’s tech community. The Enlighted team will focus on the development of innovative smart building IoT sensors, data and software applications that enable customer productivity and real progress towards customers’ net carbon zero sustainability goals. The new office is designed to spark collaboration and innovation with a higher percentage of collaboration spaces and meeting rooms relative to other types of space. The Waterloo region is attracting some of the most innovative thinkers in Canada, thanks to its strong combination of established high-tech companies, active start-ups and educational institutions, As a result, Kitchener has become a magnet for large companies who want to build engineering teams. Investing has helped us recruit some of the best minds, and access to the University of Waterloo allows us to invest in the next generation while giving our teams a real boost of talent and creativity,said David Wigg, Head of Software Engineering, Enlighted. Enlighted has operated in Canada since 2019 and has grown to over 30 employees. The majority of employees will be based out of the Catalyst Building. The company has also developed strong ties with the University of Waterloo, one of Canada’s best universities for computer science and engineering. Since starting operations in Canada, Enlighted has worked with over 70 students from the university’s co-op internship program, hiring many as full-time employees. The office design and technology address the new requirements for hybrid work and uses Enlighted’s products to inform employees when is the best time to come to the office for collaboration and innovation. About Enlighted Enlighted is a leading proptech provider of IoT solutions at the intersection of people, space, and work. We offer a unique combination of cognitive environmental IoT sensors and lighting controls that connect to intelligent workplace experience apps, offering a singular, scalable, interoperable solution to address a spectrum of building, space, and productivity needs. Our customers leverage these solutions to enable occupant well-being, greater business efficiencies and momentum toward their sustainability goals. Enlighted is part of Building Robotics, Inc., a Siemens company.

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REAL ESTATE TECHNOLOGY

Real estate's top digital signature solution, Authentisign, coming to Lone Wolf Transactions (zipForm Edition)

Lone Wolf Technologies | September 07, 2022

Lone Wolf Technologies (Lone Wolf), the leader in North American residential real estate software, announced today the rollout of the company's highly popular digital signature solution, the all-new Authentisign, to Lone Wolf Transactions (zipForm Edition) customers. This rollout will take place nationwide in a phased market approach starting today. As real estate's most trusted digital signature solution, Authentisign has for over 20 years provided the industry with a way to sign transactions documents quickly, easily, and most importantly, securely. The all-new Authentisign will replace the existing digital signature solution built into Transactions (zipForm Edition) and represents a significant improvement in how real estate professionals manage and complete signings. In the new Authentisign, users will experience: Improved signing creation workflows that remove the need for a signing wizard An improved signer experience that times signature prompts to match user interaction Performance improvements that mean users can complete signings up to 60% faster With these improvements, users will be able to complete signings in just three easy steps—so they can process and close deals faster than ever while providing a simpler experience for homebuyers and sellers. Since its original release in 2021, the all-new Authentisign has received over 1.8 million ratings from agents, buyers, and sellers alike with a 4.5 out of 5 average. Of the 42 million signings completed in Lone Wolf solutions in the last year, 17 million have been completed using the all-new Authentisign. "The new Authentisign was not only easier and faster than the previous version; it was also easier and faster than any other signature solution I've used, The new transaction workspace is a massive time-saver for real estate agents, and the signing experience for clients is incredibly intuitive." - Janice Poetsch, Chief Administrative Officer at Fair Realty This release, which comes on the heels of Lone Wolf's new forms editor, features the same groundbreaking technology designed to simplify real estate for everyone involved, Together, these two solutions will go a long way toward modernizing the forms and signing process as well as the entire buyer and seller journey,said Dan Fortin, Senior Product Manager at Lone Wolf. Real estate has migrated from fragmented point solutions to digitally connected experiences, and transactions are the heart of it all, By connecting improved signatures to transactions through the all-new Authentisign, we're creating a central hub where real estate professionals can access and provide to their own clients the only truly connected start-to-finish experience in the industry,said Sean Wheeler, CTO at Lone Wolf. About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits from transactions to back office, insights, and more, all in one place. Lone Wolf's head offices are located in Cambridge, ON, and Dallas, TX.

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MARKET OUTLOOK, REAL ESTATE TECHNOLOGY

BXP Earns Top ESG Rating in 2022 GRESB Assessment

BXP | October 18, 2022

BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has earned a top ESG rating in the 2022 GRESB® assessment. BXP earned an eleventh consecutive “Green Star” recognition and the highest GRESB 5-star Rating, as well as an “A” disclosure score. BXP also achieved the highest scores in several categories, including Data Monitoring & Review, Targets, Policies, Reporting, and Leadership. “Real estate companies, as stewards of the built environment, play an essential role in addressing the climate crisis, I am proud of this recognition and of BXP’s leadership in strategic climate action. BXP’s focus on sustainability is an important component of our premier workplace strategy and is valued by our clients, partners, employees, and communities.” -Owen Thomas, CEO of BXP BXP actively works to promote its growth and operations in a sustainable and responsible manner and is a recognized leader in green building. BXP has certified 29.4 million square feet of its current in-service portfolio at the highest LEED certification levels of Gold and Platinum. BXP has publicly announced sustainability goals and has implemented energy conservation projects and other measures in actively managed properties that have reduced greenhouse gas emissions intensity by 80% and site energy use intensity by 41% since 2008. BXP has aligned its emissions reduction targets with climate science and became the first North American office REIT to establish an emissions reduction target ambition in line with a 1.5°C trajectory, the most ambitious designation available at the time of submission under the Science Based Targets initiative. BXP remains on track to achieve carbon-neutral operations by 2025. BXP’s commitment to ESG performance management and transparency is key to our ESG program, Our focus on measurable impacts guides our decision making and investments, creating a more resilient, purposeful company,said Ben Myers, Vice President of Sustainability, BXP. The GRESB Real Estate Assessment is the investor-driven global ESG benchmark and reporting framework for real estate. The Assessment is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. The methodology is consistent across different regions, investment vehicles, and property types, and aligns with international reporting frameworks. The data is self-reported by Assessment participants and subjected to a multi-layer validation process after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement, and decision-making processes. About BXP ESG BXP’s commitment to ESG leadership has been recognized by numerous industry groups and rankings, including BXP’s inclusion as #4 on the 2021 Forbes Green Growth 50 list and #3 on Barron’s 10 Most Sustainable U.S. REITs list. BXP was named to Newsweek’s America’s Most Responsible Companies 2022 list, ranking first in its industry with an increased ranking of 31st overall out of the 499 companies included on list. In 2022, BXP was again named an ENERGY STAR Partner of the Year – Sustained Excellence Award Winner and a Best in Building Health winner by the Center for Active Design. BXP was recently recognized as an inaugural Platinum level Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy. About BXP BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT), with more than 50 years of experience developing, owning, managing, and acquiring exceptional properties in dynamic gateway markets. As of June 30, 2022, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 53.7 million square feet and 193 properties, including 12 properties under construction/redevelopment.

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