Content related to ‘Commercial-real-estate’
Credit: Creatas The real estate market is projected to continue expanding at healthy and fairly steady levels for 2015 through 2017, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The latest ULI Real Estate Consensus Forecast, a semi-annual outlook, is based on a survey of 49 of the industry’s top economists and analysts representing 36 of the country’s leading real estate investment, advisory, and research firms and organizations. Compared to the previous forecast conducted in April 2015, the new Consensus Forecast is slightly less bullish on its outlook; however, it predicts three more years of favorable real estate conditions. The new survey forecasts real estate indicators to be better than their 20-year averages in 2015, with these exceptions: commercial property price growth, equity REIT returns, NCREIF returns for the four major property types, retail availability rates, and single-family housing starts. “The latest Consensus Forecast has picked up on recent growth concerns and stock market corrections around the world,” said ULI leader and survey participant William Maher, director of North American strategy for LaSalle Investment Management in Baltimore. “The U.S. economy and real estate markets are in much better shape than most other countries, but global economies and capital markets are increasingly inter-related. Still, the vast majority of indicators in the forecast indicate favorable economic and capital markets in the U.S., as well as moderately strong real estate fundamentals and investment returns.” Other key findings of the Consensus Forecast include: Commercial property transaction volume is expected to increase for another two years and then level off at $500 billion by 2017. Commercial real estate prices are projected to rise by 10 percent in 2015 and to slow to a 6 percent increase in 2016. Price growth is expected to drop to 4.5 percent in 2017, below the long-term average growth rate. Institutional real estate assets are expected to provide total returns of 11.7 percent in 2015, moderating to 9 percent in 2016 and 7 percent in 2017. By property type, returns are expected to be strongest for… NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:http://realstreettech.com/real-estate-market-predicted-to-continue-expanding-through-2017/
Commercial real estate firms need to speed up investment in technology innovation to efficiently capture and manage increasing levels of capital allocation to the industry, according to the newly released “Altus Group CRE Innovation Report,” published by Altus Group Limited and its subsidiary, ARGUS Software Inc. Nearly one-third of the global CRE industry is still using spreadsheets as its primary tool for asset and portfolio management functions, according to the report, which is based on a survey of over 300 international CRE executives. This means potentially $11 trillion dollars of assets are currently managed in manual spreadsheets, with all their inherent risk of inaccuracies and human error. In addition, the report also reveals that three quarters of the CRE industry is managing its portfolios in “data silos.” This unconnected approach to managing information and assets, which often requires cumbersome data aggregation from multiple sources, can significantly hamper the timely data-driven decision-making and reporting transparency that investors are increasingly demanding. Without modern data management infrastructure and systems, investors could judge the industry participants as “behind-the-curve,” threatening their ability to attract trillions of dollars of additional institutional capital predicted to be allocated to the CRE industry in the next decade. “It’s clear that commercial real estate has a huge opportunity to boost productivity, unleash added innovation and increase profitability by investing in new IT and data-infrastructure solutions,” said Bob Courteau, Chief Executive Officer, Altus Group. “With so much institutional capital up for grabs over the next decade, early movers in adopting best-in-class data management and reporting practices have a real opportunity to differentiate themselves from the technology ‘have-nots’.” The report also highlighted that CRE is under investing in information technology compared to other industries. Taking the relative size of each industry into account, global CRE IT spend, as a percentage of revenue, is estimated at approximately 50% less than Financial Services and the Public Sector (including Healthcare). The findings of the report also indicate that while the CRE industry still has some way to go in creating an infrastructure that allows for greater data-driven innovation, industry leaders recognize the transformative impact of… NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:http://realstreettech.com/cre-firms-need-to-speed-up-technology-investment/
Credit: Create, Inc. Create.io (Create), a new interactive technology platform, is helping cities enhance their economic development competitiveness. Create Premium, the second release, launched earlier this month: Primary users include investors, brokers, and site selectors. Create is a property mapping platform for real estate and economic development that organizes data and provides analytical tools in an immersive 3D environment. This “smart city” technology streamlines property analysis, enabling users to quickly research, investigate and evaluate sites for development potential and economic impact. The pilot program launched in Washington, DC earlier this year, using open data generated from local and federal government agencies. “Our technology gives investors and brokers the capacity to rapidly visualize all the factors influencing properties they are considering for acquisition, including those offered through public RFPs, and to evaluate the development impact, even how it relates to the street, adjacent properties and parcels,” said Stefan Martinovic, CEO/Founder, Create.io. The Premium release offers enhanced functionality including the ability to export market research and data sets from sources such as Trepp that users can share with stakeholders. Trepp is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Create is an invaluable tool for cities marketing sites. The Washington DC Economic Partnership (WDCEP), one of Create’s economic development clients, used Create technology to market sites at ICSC RECon 2015. “Create provided us a vibrant platform to showcase sites to retailers and investors and, demonstrate what is feasible at a given site,” said Chad Shuskey, Senior VP, Research & Visual Communications, WDCEP. WDCEP’s research team integrated Create with their own data and mapping platform. “It was particularly helpful to DC team members marketing several large scale redevelopment projects across the city. Being able to illustrate what is conceivable on a site sends a very powerful message to investors you are courting.” Create Premium adds value in real estate and site selection. Cities can feature sites as part of the site selection process, brokers and site selectors will be better equipped to find the best deals for clients. “Create is a disruptive… NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:http://realstreettech.com/create-premium-disrupts-how-cities-market-investors-evaluate-real-estate/
AMP Technologies’ latest Mobile CRM App enables Commercial Real Estate brokers to convert leads to new revenue easily while staying connected to the office in real time. SPARK works as a complement to AMP’s Asset Management Platform by automatically synching all actions and updates, and keeping everyone in an organization connected. SPARK can be downloaded at no cost in the App Store, and will be available soon on the Android Market. Credit: AMP Technologies SPARK places all the data from thousands of leads in the hands of those who need it, and all updates are automatically synced with the Asset Management Platform in real time. With SPARK, users see their success and progress right on the home screen. Users can see the deals that have been successfully closed or lost. There is a breakdown of occupancy for the selected asset and a visual display of the complete contents of the pipeline. SPARK displays actionable data that is organized, taking the leasing pipeline to the next level of productivity and revenue building. SPARK is designed to be an easy tool for communication – both between brokers and leads, and between brokers and the home office. Users are able to swipe through customized levels of a pipeline to see plainly what leads are in which stage, and see the vital information for each prospect including contact info, suite info, and notes. With the necessary data a click or a swipe away, CRE professionals will never lose contact with hot leads and can maintain a pipeline that moves steadily from prospect to revenue. “The Commercial Real Estate world is ripe for disruption, and SPARK is the perfect answer to that call,” says Neel Naicker, AMP Technologies CEO/Co-Founder. “Not only are we bringing mobility and accountability to one of the main pillars of asset management, but we are doubling down on our already astonishing Asset Management Platform.” Other posts by Real Street Tech NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:http://realstreettech.com/amp-introduces-spark-new-mobile-crm-app-for-commercial-real-estate-software/
MRI Software LLC, a global leader in property and investment management solutions, has released a debt management solution focused on helping large-scale property owners efficiently manage their portfolio debt obligations. “With the release of MRI Debt Management, we’re taking MRI Software to a whole new level of financial management capabilities. This solution significantly enhances the way our customers manage debt, optimize their portfolio performance, and better anticipate liquidity needs,” said Stephen Baker, Vice President of Product Management at MRI Software. “MRI Software’s Debt Management solution is built on many decades of global real estate financial modeling expertise,” said Oren Rosen, Vice President, Investment Management Solutions. “This solution provides clients accurate debt modeling together with integrated asset valuations to reveal a complete view of their debt position.” With MRI Debt Management, users enjoy more efficiency, reduced risk, and better transparency into their portfolio through the suite’s powerful debt calculation, reporting, and analysis capabilities. The solution provides the ability to model future loan payment and obligation projections, enabling support for optimizing debt positions and potential refinancing opportunities. users can easily forecast loan performance, including covenant testing, and the automation of debt calculations with compliance tools to highlight actual and forecast covenant breaches. Other posts by Real Street Tech NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:http://realstreettech.com/mri-software-releases-debt-management-solution-focused-on-real-estate-industry/
Corporate executives will learn relocation and expansion strategies from industry leaders at Business Facilities LiveXchange.
Senator Hukill’s selection as The Legislator of the Year is bestowed to recognize and honor her significant understanding of issues impacting commercial real estate, most notably phasing out sales taxes imposed on commercial real estate leases.
Data from BOMA’s Experience Exchange Report reflects results of the industry’s focus on energy efficiency.
New global office research report from Colliers International indicates that many markets are experiencing stability for the first time in several years.
Major commercial real estate sectors continue to rebound, albeit slowly, with gradual economic improvement and job creation driving absorption of space.