It has been estimated that more data has been generated in the last two years than in the entire span of human history. In fact, recently The Economist suggested the world’s most valuable resource is no longer oil, but data. At a time when the volume of information being generated far outpaces our ability to do something with it, there is one largely untapped supply of data that can provide a rich source of actionable information: the office building. Information gathered here can help landlords and occupiers together make better informed, more confident real estate and workplace decisions.
Read More“I’m going to be one of the biggest real estate developers of all time, like what Howard Hughes is to aircraft and what Henry Ford was to cars,” West told Charlamagne as the two walked his Calabasas plot.
Read MoreLos Angeles has become the top investment destination for institutional capital, bumping New York out of the number one spot, according to new research from CBRE. In 2017, equity funds accounted for the majority of the institutional investment activity, increasing 60% year-over-year to $6.2 billion. Foreign investment activity also accounted for a significant portion of institutional funds, however, the number fell over prior years. We sat down with CBRE’s George Entis, senior research analyst of capital markets and Michael Longo, VP, to talk about the surge of private equity activity in Los Angeles.
Read MoreOur economy is now driven more by innovation and information, less and less by manufacturing. And yet, the majority of our workplaces are modeled on the “old” economy assembly line, where workflow was linear and corporate structures were hierarchical. But the nature of work has changed, and our workforce has changed. Every day nearly 10,000 baby boomers retire. Their millennial children are currently the largest segment of the labor force and are predicted to comprise 75% of the workforce within the next decade. They’re digital natives who have little memory of life without mobile technology — they carry everything they need for work in their back pockets and their concept of work is no longer a physical place but an activity that, for better or worse, follows us everywhere 24/7/365. Old economy office buildings just don’t make sense anymore, and what doesn’t make sense gets disrupted.
Read MoreAs capital markets have become increasingly crowded, competition to place capital is pushing some lenders to reach down and do smaller balance loans. “The mortgage bankers are really earning their money, because there are a lot of different choices,” says Mark Ventre, a senior vice president at Stepp Commercial, a multifamily investment brokerage firm based in Los Angeles. Lenders across the board are actively financing sub-$5 million loans, including banks, Fannie Mae and Freddie Mac, private debt funds, CMBS and even life insurance companies.
Read MoreLondon-based Appear Here moved into the New York market one year ago and has since seen a more than 50 percent increase in demand globally from brands looking to book a space via its platform. Later this year, Appear Here will roll out to California, with its eyes also set on moving into U.S. malls.
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