REAL ESTATE INVESTMENT
Swift Real Estate Partners | August 17, 2021
Swift Real Estate Partners ("Swift"), a San Francisco based real estate investment manager and operating company, announced today, the successful purchase of 1111 Broadway in Oakland, CA.
1111 Broadway is a "best-in-class" office building located in the heart of Oakland's dynamic CBD and situated directly atop the 12th Street BART station. The 24 story Class-A office building totaling 565,877 square feet features 24,000 square foot floor plates. Tenants also benefit from panoramic views, destination dispatch elevators, onsite parking, and a recently renovated lobby. The asset is 91% leased to a premier roster of diverse tenants. Swift was represented by Jack Machalow with Orrick.
"We celebrated our eleventh anniversary in July and are continuing to grow and expand in our target West Coast markets. 1111 Broadway has been one of the best performing assets in Oakland since it was built and we're excited to add this marquee building to our expanding East Bay portfolio," said Christopher Peatross, President of Swift Real Estate Partners.
Swift is currently investing on behalf of its third institutional value-add fund focused on West Coast office and industrial assets.
About Swift Real Estate Partners
Founded in 2010, Swift Real Estate Partners is headquartered in San Francisco, and has regional offices in Orange County, Portland, the San Francisco East Bay and the Silicon Valley. Swift is a vertically-integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners. Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment. Since inception, Swift has owned and operated real estate valued in excess of $4 billion across more than 10 million square feet. Swift is currently investing on behalf of its third institutional investment vehicle, Swift Fund III. Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, construction management, property management and marketing services.
REAL ESTATE TECHNOLOGY
IBM TRIRIGA | September 28, 2021
Kontakt.io, a global leader in Bluetooth™ powered IoT solutions, announced an integration with IBM's AI-powered workplace management systems to deliver near real-time occupancy solutions that help address the challenges of today's workspaces, driving better realty planning, improved employee experience and enabling resilient, flexible workplaces.
The integration of Kontakt.io- with IBM TRIRIGA is expected to deliver AI-powered utilization insights across portfolios, near-real time occupancy monitoring and space management tools supporting existing IoT infrastructure already used in many offices, for example Cisco's Catalyst and Meraki access points.
Facility operators face mounting pressures to increase realty utilization and cut costs in a world of uncertainty and new workplace flexibility are creating the need for new technologies in the workspace - a need this collaboration between IBM TRIRIGA and Kontakt.io plans to address. New requirements around workplace health and building carbon footprint reduction are just some of the challenges indoor IoT solutions are here to help solve.
- Mr. Rom Eizenberg, CRO at Kontakt.io
IBM TRIRIGA Building Insights delivers AI-powered utilization insights by leveraging IoT data and TRIRIGA Space Management plans. Enterprises can collect and connect data from multiple IoT technologies including Kontakt.io's Bluetooth® Low Energy (BLE) room sensor and smart employee cards. Kontakt.io's nine-in-one Portal Beam room sensor for example, allows for LIVE space occupancy monitoring, at chair, desk, room and floor level, while at the same time supporting mobile phone indoor navigation, and monitoring of light, air quality, temperature, humidity, carbon monoxide and other environmental data. Kontakt.io also anonymizes data and uses thermal sensing for occupancy monitoring - without capturing or storing employee images to help address privacy.
Through this collaboration, IBM expects to be able to expand on current plug-and-play indoor IoT solutions available to TRIRIGA customers, advancing the vision of Smart Buildings and the connected versatile work environment. Adding near real-time, room-level location occupancy and environment monitoring capabilities is a demand that frequently comes from the field.
About IBM TRIRIGA
IBM TRIRIGA® is an intelligent real estate and facilities management solution. Through the smart application of data, IoT and AI, TRIRIGA can help customers unlock key information and insights, and gain greater visibility into space and facility utilization, occupant experience, capital projects, and lease administration and accounting. With TRIRIGA, customers can get the most out of their real estate investments regardless of size, scale and configuration.
Kontakt.io Inc. is the global leader in Bluetooth™ powered IoT solutions supporting more than a thousand partners and over 22,000 end-users with products and solutions that connect people, locations and things. Their cloud services and managed IoT device solutions help enterprises eliminate inefficiencies, improve productivity and increase workplace safety. Kontakt.io delivers solution components and complete, turn-key, cloud-managed solutions that enable customers to quantify buildings and better understand how people, things, workspaces and the environment interact. From healthcare to smart buildings, they manage millions of BLE IoT devices deployed in buildings across the globe.
REAL ESTATE TECHNOLOGY
GPARENCY | November 23, 2021
With an eye to the future of the commercial mortgage industry, Ira Zlotowitz, renowned for his success founding and leading Eastern Union, a national commercial mortgage brokerage company, today announced the launch of a new game-changing service, GPARENCY, to help clients go directly to the bank. GPARENCY is oversubscribed, raising the maximum of
$15 million in venture-backed capital from over 125 real estate professionals and engaged strategic partners (including Customers Bank), the largest seed round in the commercial space, to fund this new approach to mortgage financing.
Gauging both the core interests of the banks and the borrowers they serve, Zlotowitz formed GPARENCY to provide a new direct-to-bank formula for the mortgage business. This model empowers borrowers with transparency, technology, and professional services with expert touches from top real estate finance executives.
"After studying the commercial mortgage market, we saw that 20% of borrowers exclusively use brokers, while 80% want to work directly with banks. Many think that broker fee structures for larger deals needed to be changed. This is exactly what we are doing at GPARENCY, Make no mistake, GPARENCY is the future of the mortgage industry. Today's commercial real estate investors are smarter, banks are more sophisticated, and full-scale, one-size fits all mortgage brokerage firms belong to the past. Our transparency, technology and flat fee pricing structure will empower and free the industry to reach their goals more efficiently and successfully than ever before"
In the future, GPARENCY will offer long-term plans for clients that will provide all data and tools directly to them through a subscription-based service called LANDSCAPE. This will allow clients to see maps with parcels showing public information, banking information, and access to all sales brokers in real time, making GPARENCY's differentiating technology client-facing.
GPARENCY is revolutionizing the commercial mortgage industry. Through radical transparency and a tech-forward process, GPARENCY puts borrowers in the driver's seat so they can direct their own mortgage, access lenders directly, hire professionals by the hour, and Take it to the bank™. Out with the mystery and the inflated commissions. In with the clarity, transparency, and control.