Real estate giant CBRE to open first Northeast U.S. location of coworking spinoff in Philly

The Philadelphia Inquirer | January 14, 2020

Real estate giant CBRE to open first Northeast U.S. location of coworking spinoff in Philly
Global commercial real estate firm CBRE is teaming with the owner of the 1818 Market St. office tower on two stories of shared space at the Center City high-rise that would compete with the likes of WeWork. The 50,000-square-foot coworking space, which is set to open during the last three months of 2020, is the seventh to be announced under CBRE’s Hana brand of collaborative offices and will be its first to open in the northeastern United States. CBRE began rolling out its Hana-branded spaces nearly a year ago as a way to partner on flexible-space ventures with landlords who are looking to claim for themselves a bigger piece of shared-office market. Control of the space now mostly goes to traditional coworking operators.

Spotlight

This paper expands the note on tracking and more importantly anticipating capital markets in Chapter 4 of the 2015 ISA. We discuss the importance of capital markets for real estate investing, identify tools and techniques for tracking capital markets across the
globe, and provide a simple framework for collating the best leading indications of the next turning point in the current cycle in the three regions where we are most active: North America, Europe, and Asia-Pacific.

Related News

REAL ESTATE INVESTMENT

New York Life Real Estate Investors announces the closing of its Structured Debt Fund for Madison Square

prnewswire | October 28, 2020

New York Life Real Estate Investors ("REI") today announced the final closing of its Madison Square Structured Debt Fund ("Fund"), a commingled, high yield real estate debt vehicle. With nearly $500 million of committed capital, this closed-end fund will originate bridge loans collateralized by institutional-quality office, multifamily, industrial, retail, and other niche sector assets in primary and secondary markets in the United States. The vehicle will originate roughly $1 billion of senior bridge loans in total. John Lippmann, an industry veteran and head of structured debt at REI, serves as the portfolio manager for the Fund. Mr. Lippman and his team have originated nearly $5 billion of structured loans since 2012 and have established a very strong track record and pipeline.

Read More

MARKET OUTLOOK

SmartRent Announces Integration With AppFolio Property Manager

SmartRent | September 09, 2021

SmartRent, provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, announced today it now integrates with AppFolio Property Manager, an innovative cloud-based solution designed to enable property management businesses to digitally transform their business, address critical business operations and enable exceptional customer service. The integration for customers of AppFolio Property Manager Plus, designed for larger businesses with more complex needs, enables the automated synchronization of units, leases, residents and service orders from AppFolio Property Manager with SmartRent’s Internet of Things (IoT) smart home technology. “At AppFolio we are continually looking for new ways to deliver efficiency gains that allow our customers to focus on what matters most – managing and growing their business,” said Shane Trigg, General Manager, Real Estate for AppFolio. “This integration will allow AppFolio Property Manager customers to leverage the power of smart home automation across their portfolio.” The partnership allows SmartRent to deliver its smart home and property technology to a new segment of the housing market while aligning with a technology provider similarly known for its customer-centric approach. “We’re excited to integrate with AppFolio Property Manager, which shares our focus on delivering innovative solutions to the real estate industry,” said Mitch Karren, Chief Product Officer for SmartRent. “Through this integration, we are extending our ability to serve owners and operators across multifamily and single-family properties, and we’re excited to broaden the SmartRent footprint in the industry.” About SmartRent Founded in 2017, SmartRent is an enterprise smart home automation platform company for property managers and renters. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering additional revenue opportunities through all-in-one home control offerings for residents. For more information, please visit smartrent.com.

Read More

Phoenix Commercial Advisors Partners with SiteSeer Technologies for Real Estate Analytics

SiteSeer Technologies | June 20, 2020

SiteSeer Technologies, creator of SiteSeer Professional site selection software and Void Analysis Pro is pleased to welcome a new commercial real estate client, Phoenix Commercial Advisors (PCA). The retail-only commercial real estate firm based in Phoenix, Arizona, offers landlord and tenant representation for regional and national retail chains. PCA also has a real estate investment team. Phoenix Commercial Advisors will use SiteSeer Professional's full suite of real estate analytics tools, including its Void Analysis, Retail Match, mapping and Match Score tools. PCA currently represents more than 110 retailers and restaurants in the state or Arizona and has represented retail clients both leasing and selling 36+ million square feet of retail space and sold over $1.6 billion of retail investment dispositions.

Read More

Spotlight

This paper expands the note on tracking and more importantly anticipating capital markets in Chapter 4 of the 2015 ISA. We discuss the importance of capital markets for real estate investing, identify tools and techniques for tracking capital markets across the
globe, and provide a simple framework for collating the best leading indications of the next turning point in the current cycle in the three regions where we are most active: North America, Europe, and Asia-Pacific.