U.S. Architecture Billings Index Slips in March

AIA | April 18, 2019

U.S. Architecture Billings Index Slips in March
According to a new data released this week today from The American Institute of Architects (AIA), following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March 2019. The ABI score for March was 47.8, down from 50.3 in February. Indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts remained positive.

Spotlight

25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a slow in appreciation. All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

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INVESTMENTS

CYMBAL DEVELOPMENT AND DLT GLOBAL LAUNCH ARTISTS-IN-RESIDENCE PROGRAM AT OASIS POINTE RESIDENCES

CYMBAL DEVELOPMENT AND DLT GLOBAL | January 17, 2022

Cymbal DLT Arts Foundation, a foundation established by Cymbal Development and DLT Global, is proud to announce the launch of its Artists-in-Residence Program at Oasis Pointe Residences, Cymbal Development and DLT Global's newest design-driven, multi-unit waterfront apartment complex opening in Dania Beach in Spring 2022. The program aims to highlight the diversity, creativity, and soul of the arts community and advocate for artists across a spectrum of media and artistic approaches. The foundation is currently calling for submissions to the 2022 Artists-in-Residence Program from artists nationwide. As part of the Artists-in-Residence Program, Oasis Pointe is inviting up-and-coming creatives from all professional backgrounds, demographics, career stages, and artistic styles to live and work for free in its state-of-the-art residential building for up to six months. Artists' partners, children, and pets will also be welcomed for the entire stay of the program. To be eligible, artists are required to either hold a bachelor's, master's, or Ph.D., be starting on a professional path in the arts, or be seeking to utilize the residency to cultivate a project. South Florida is known for its vibrant art communities, including museums, colorful street murals, art walks, exhibitions, studios, and Art Basel, the leading global platform connecting collectors, galleries, and artists, In an ideal world, art would be free and accessible for everyone, and that is why we felt it was imperative to launch an Artists-in-Residence Program where we can provide a unique opportunity for creatives to advance their careers through access to our space, community connections, and financial support." Asi Cymbal, president of Cymbal Development. Artists will receive up to a six-month rent-free, fully-furnished residency at Oasis Pointe. At the completion of their residency, successful applicants and their families may be invited to extend their residency at Oasis Pointe or in any other Cymbal DLT community in South Florida. In exchange, the Artists-in-Residence Program requests that up to two original works be gifted to Oasis Pointe's permanent collection to be displayed in the building's common areas. The scope of work will be determined on an individual basis in conjunction with the artist. In an effort to create a meaningful dialogue between the artists and the residential community, artists will also be requested to share their practice via an open studio or lecture/slideshow on the property at least once during their stay. About Oasis Pointe Residences Dania Beach's first waterfront apartment building, Oasis Pointe Residences is a 2.4-acre, 301-unit complex featuring thoughtfully planned details and exceptional indoor and outdoor amenities designed to create fresh-air havens of relaxation and retreat. The luxury indoor-outdoor living spaces respond to the timely demands for better natural ventilation, lighting, and air quality, while the amenities seek to enhance the mental and physical well-being of residents. Inspired by the surrounding water and nature, key amenities and features of the eight-story building include: butterfly and meditation gardens; a surf club; a waterfront boardwalk with a 19-slip marina; a Zoom lounge with private office suites and workstations; an outdoor lap pool; a fire pit with outdoor BBQ and picnic areas; a state-of-the-art, open-air fitness facility and yoga studio; an indoor lounge and game room; a dog park; and air purification, sterilization, and ionization systems that are 99% effective against COVID-19. About Cymbal Development Cymbal Development envisions and creates design-driven communities. It consists of real estate developers, builders, and restaurateurs who seek to inspire, innovate, and transform by working with the best designers and teams in the world to create compelling environments. Led by Asi Cymbal, Cymbal Development has a development and construction pipeline of over $1.5 billion in projects. The company is seeking to double that volume this year. About DLT Global DLT Global provides every aspect of real estate acquisition, planning, management, and construction expertise. With over 30 years of combined experience and dedication to this field, DLT Global prides itself in helping foreign investors protect their investments and maximize profits.

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REAL ESTATE INVESTMENT

Zillow Group Closes Acquisition of ShowingTime, the Industry Leader in Home Touring Technology

Zillow Group | October 04, 2021

Zillow Group (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced the closing of its acquisition of ShowingTime, an online scheduling platform for home showings. Touring is one of the most important steps in the home shopping and selling journey, and ShowingTime's technology has streamlined and improved the touring experience. The company is an industry leader, and Zillow Group will continue to invest in ShowingTime to improve its functionality. ShowingTime's technology coordinates scheduling behind the scenes so agents can seamlessly book a confirmed home showing online and focus on their clients, simplifying a traditionally complicated and cumbersome process. In the past 12 months, the company has facilitated more than 63 million showings across its network of more than one million agents affiliated with hundreds of Multiple Listing Services (MLSs). Under the Zillow Group umbrella, Zillow Group will adhere to ShowingTime's existing privacy policy, and it will continue to operate as an individual brand and open platform for its existing and new clients, so the industry can continue to benefit from a simplified tour scheduling experience. Zillow Group entered into a definitive agreement to acquire ShowingTime in February 2021 for $500 million. The transaction was successfully closed upon meeting customary closing conditions. About Zillow Group: Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. In September 2020, Zillow launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions. Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, ShowingTime, Bridge Interactive, dotloop, StreetEasy®, HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 About ShowingTime: ShowingTime is the industry leader in home touring technology and a proud affiliate of Zillow Group. ShowingTime's technology and services simplify the online tour scheduling process for buyers, sellers and agents across the industry. ShowingTime products are used in hundreds of MLSs representing more than one million real estate professionals across the U.S. and Canada.

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REAL ESTATE TECHNOLOGY

Coretrust Pioneers Bi-polar Ionization Technology That Purifies Elevator Air In Its Office Buildings In Collaboration With Elevator Company Partners

Coretrust Capital Partners | September 27, 2021

Coretrust Capital Partners is one of the first office building owners in the country to install bi-polar ionization generators that purify the air within all elevator cars at its large office properties in Philadelphia, Los Angeles and Pasadena. Coretrust collaborated with three leading elevator companies to pioneer the innovative technology since each of its buildings has different elevator suppliers. The bi-polar technology produces a natural bio-climate rich in positive and negative oxygen ions, each with an electric charge like those that exist in nature. The generator sends these ions into the entire elevator cab through the ventilation system. This is a pure and natural air purifying process that effectively restores the natural balance of ions in the air and neutralizes bacteria and virus cells, molds, odor causing particles, aerosols, and VOCs, Ricci states. Fujitec installed the IONFUL developed with the Sharp Corporation, to purify elevator cab air and decrease the risk of inhaling airborne pathogens at 2 Liberty Place in Philadelphia. Several efficacy reports over the past 15 years proved ionization effectiveness in mitigating the transmission of airborne pathogens including viruses, bacteria and fungi. - Joseph Rennekamp, Vice President, Operations, Fujitec America, Inc In addition, Coretrust worked with the three companies to completely overhaul and modernize all elevators at its three buildings: FourFortyFour South Flower Street in Los Angeles; 2 Liberty Place in Philadelphia; and PASARROYO office campus in Pasadena CA. The elevator companies also installed touchless destination dispatch systems in each car, allowing tenants to use personalized access cards to call cars to their respective floors without touching buttons. The elevator bi-polar ionization program is just one of the smart technologies that Coretrust has incorporated into its buildings to create a safe and healthy workplace for its tenants. Technologies include ADIBOT UV-C Robots placed in sensitive areas at night to disinfect air and surfaces against COVID-19 and other harmful airborne pathogens. The robots -- the first to be deployed at any office building in the country -- are created and manufactured by UBTECH Robotics, a global leader in intelligent humanoid robotics and AI technologies. A central element in achieving virtually hospital grade indoor air quality at all Coretrust properties is the patented Biowall MAX, an Ultraviolet Germicidal Irradiation Air Disinfection system by Sanuvox Technologies, Inc., a global leader in ultraviolet air purification. The Biowall MAX sterilizes 99.9 percent of airborne bio-contaminants and virtually eliminates the HVAC (Heating Ventilation Air Conditioning) system as a mode of virus transmission in buildings. Along with the Biowall MAX, Coretrust further enhanced indoor air quality by installing the highest effective MERV air filters allowable at each building, making frequent fresh air purges and allowing maximum fresh air ventilation throughout the day. A major Coretrust innovation was hacking the curtain wall of the FourFortyFour tower to create a 1,000-square-foot terrace that brings fresh air and sunlight into the 22,500-square-foot Workplace Innovation Lab on the sixth floor. Similar fresh air indoor terraces can be created for occupants at all our properties as desired, said Ricci. Coretrust also has added automatic doors, touchless parking garage entry, touchless security access for visitors and touchless restroom fixtures for tenant health and safety. Its comprehensive programs to create a safe office environment have earned Coretrust the first three global UL Verified Healthy Buildings Marks for Indoor Air and Water Quality for FourFortyFour, 2 Liberty Place and PASARROYO. The buildings also have earned U.S. Green Building Council LEED Gold Certification, GBAC STAR™ accreditation from the Global Biorisk Advisory Council, a division of ISSA, and WELL Building Health-Safety certification. These certifications by third party independent organizations recognize Coretrust's technologies and operating processes that prioritize building occupants' safety and wellness. Coretrust believes its comprehensive commitment to health, wellness and sustainability distinguishes its properties as Smart, Safe and Beautiful and among America's Best Workplaces, Ricci concludes. About Coretrust Capital Partners Coretrust Capital Partners, LLC is a Los Angeles-based private real estate operating company formed in 2014 by three original partners of Thomas Properties Group, Inc. Coretrust, a Registered Investment Advisor, provides fiduciary investment management services to institutional clients in both co-investment and separate account vehicles targeting opportunistic, value-add, core plus and core strategies in the office sector. Coretrust targets acquisitions in major urban centers located in the West Coast, Southwest and the Mid-Atlantic regions.

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Spotlight

25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a slow in appreciation. All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.