commercial real estate
JLL’s Global Real Estate Perspective May 2023
JLL | July 24, 2023
Subdued activity as uncertainty delays decision-making Economic conditions remain challenging in many countries with inflation still stubbornly high, interest rates continuing to climb and softening labor markets, while distress in the banking sector has added to volatility. This is leading to more defensive strategies from occupiers as they delay requirements. Continued uncertainty and elevated borrowing costs are also impacting investor sentiment and inhibiting transaction markets. The effects of economic headwinds on the office sector increased during the first quarter, with global leasing volumes 18% below Q1 2022 and declining across...
5 Ways AI Is Creating New Demand in Commercial Real Estate
JLL | July 21, 2023
Much of the attention around generative artificial intelligence (AI) has focused on its transformative potential. For the real estate sector, however, the analytical prowess of AI and its ability to unearth new avenues of demand for space are what’s sparking interest. “AI has enormous potential to reshape real estate, with near- and long-term impacts ranging from the emergence of new markets and asset types to innovations in investment and revenue models,” says Yuehan Wang, Global Research Associate, Real Estate Technology, JLL. “A rapidly expanding AI ecosystem and its supporting infrastructure will...
How Real Estate Is Raising Its Data Game
JLL | May 31, 2023
CRE professionals are facing a data deluge that requires robust tech strategies Corporate real estate professionals grappling with a raft of complex challenges are increasingly turning to technology for solutions. But it’s new ground for many of them, who are having to quickly get to grips with proptech solutions that can help manage buildings, drive sustainability and improve workplace experiences. One particular area of focus has become the dreaded “d” word: data. On the one hand, real estate professionals are drowning in a sea of data sourced from operational, financial and supplier systems, building sensors, workplace apps...
Sonnenblick-Eichner Company Arranges Sale of the Cannon’s Hotel Development Site in Dana Point, California
Sonnenblick-Eichner Company | December 13, 2022
Beverly Hills, California (December 13, 2022) --Sonnenblick-Eichner Company announced today that it has arranged the sale of the fee simple interest in the Cannon’s Hotel Development Site in Dana Point, California. The former home of Cannon’s Restaurant, the site is fully entitled and has received California Coastal Commission approval for a 100-room boutique luxury hotel. The property is located on a bluff-top overlooking the Dana Point Harbor and Marina with expansive, panoramic views of the Pacific Ocean and the California Coastline. The property was sold to a private investor. The site is located one block south of Pacific Coa...
Meyer Jabara Hotels and Vivid Capital Bring People Together to Get Deals Done
Meyer Jabara Hotels | July 21, 2022
More than 70 hotel developers, owners, brokers, consultants, franchise reps, financiers, designers, and construction experts met downtown Nashville to discuss new hotel projects at their joint commercial real estate networking event [Danbury, Conn., and Nashville, July 21, 2022] — Hotel development is alive and well and business partners are eager to get deals done. That was the take-away from the 2nd quarter Commercial Real Estate Networking Event held at the TownePlace Suites by Marriott Nashville Downtown/Capitol District, co-hosted by Meyer Jabara Hotels and Vivid Capital. More than 70 hotel developers, owners, consultants, franch...
REITs and Commercial Real Estate Well Placed for Longer Term Despite Recent Volatility
JLL | July 15, 2022
CHICAGO, July 13, 2022 – Coming off of one of the strongest years on record, the REIT market is relatively well placed despite the recent volatility. JLL’s Strategic Transactions Monitor details themes driving the REIT market, including a constructive outlook in light of sharply rising rates, an increase in take-private activity and dissipating COVID-19 driven trends. REITs, along with broader markets, are down 20% year to date, driven by growing inflation, Federal Reserve rate hikes and broader geopolitical risks. Though market participants have focused on near-term underperformance, REITs have outperformed on a longer-term basis. ...
Blockchain Technology Shaping the Future of Commercial Real Estate
February 18, 2021
Implications of blockchain technology in Real Estate In short, blockchain technology enables the user to record information on a digital ledger. It divides and stores the entered information in a compartmentalized array across several computer systems on a Blockchain network. Technically speaking, Blockchain technology utilizes Distributed Ledger Technology (DLT), where the stored information becomes impossible to hack, alter or erase. This technology makes information significantly more transparent and safer than conventional ledgers we have been using over centuries. Real estate transactions, a DLT platform allows storing information...
2021: It’s All About the Economy
JLL | December 17, 2020
Recent developments are providing markets with optimism, although the next six months are key for real estate When the pandemic sent global economies into decline, it clinched the end to a decade-long bull run in commercial real estate markets. But economists and investors appear largely optimistic about a recovery in 2021. While such a disposition might have seemed far-fetched during the first lockdowns in the spring of 2020, the confidence is coming from a faster pace of vaccine development than some first believed possible, alongside government stimulus efforts and record-low interest rates at central banks. Still, uncertainty rem...
