Respada congregates global thought leaders to discuss the ‘Future of Commercial Real Estate’

NEW YORK, Nov. 25, 2020 /PRNewswire/ — An exclusive virtual conference on the ‘Future of Commercial Estate‘ was held on Thursday, 12 November, by Respada, an invitation-only niche platform providing private market opportunities to the ultra-affluent. The summit convened prominent real estate developers, funds, and REITS internationally such as Ada Wong, CEO of Champion REIT; Romel Cañete, Vice Chairman at Newmark Knight Frank; Timothy H. Savage, Professor at NYU’s Schack Institute of Real Estate and Erez Cohen, Author of Real Estate Titans. The expert panelists reflected on four key areas – the impact of Covid-19 on capital markets, shifting workplace models and leasing trends, portfolio adjustments for family offices and innovation in commercial real estate.

Decline in transaction volume has not affected cap rates much since long term interest rates remain low.

The summit opened with a discussion about global trends in liquidity,

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Commercial real estate and the endless quest for yield

Returns (or yields) determine the value of a commercial property, with the general rule of thumb being the lower the price of purchase in relation to the rental, the higher the yield.

John Jack, CEO of Galetti Corporate Real Estate

Simply put, the yield is calculated by taking your annual net rental income received from the property and dividing it by the amount invested. Depending on your investment objectives, one needs to consider short-term cash flow or long-term capital growth.

Adding to this, capital growth rates in commercial real estate are predicted to be relatively low in comparison to previous years, therefore yields are a key factor in determining whether to invest and what the return on investment will be, total return is the sum of yield plus capital growth, with less capital growth expected one would anticipate higher yield requirements.

Now, in one of the most economically and socially

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Why commercial real estate sector needs proptech solutions now EJINSIGHT

Photo: OfficeBlocks

When it comes to tech adoption, the commercial real estate (CRE) industry has typically lagged behind other sectors. However, over the past few years the industry has begun to take property technology – or proptech – seriously. Last year, proptech start-ups raised US$625.9 million in APAC, and in 2018 this figure was a record-breaking US$1 billion.

The industry has come to embrace technologies that include artificial intelligence (AI), augmented reality (AR) and the Internet of Things (IOT). And the applications of these solutions have also been far reaching – ranging from smart property management to office space design.

But the adoption of technology has been uneven across the sector. Some aspects, such as facilities management, have taken to innovations more easily. However, the investment and transactions side of commercial real estate have remained more resistant since leasing professionals prefer to meet in person to share data with clients, rather than

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Monmouth Real Estate Investment Corporation (MNR) CEO Michael Landy on Q4 2020 Results – Earnings Call Transcript

Monmouth Real Estate Investment Corporation (NYSE:MNR) Q4 2020 Earnings Conference Call November 24, 2020 10:00 AM ET

Company Participants

Becky Coleridge – Vice President, Investor Relations

Michael Landy – President & Chief Executive Officer

Richard Molke – Vice President, Asset Management

Kevin Miller – Chief Financial Officer & Chief Administration Officer

Eugene Landy – Chairman

Conference Call Participants

Rob Stevenson – Janney

Frank Lee – BMO Capital Markets

Gaurav Mehta – National Securities

Michael Carroll – RBC Capital Markets

Mike Mueller – JPMorgan

Craig Kucera – B. Riley FBR

Barry Oxford – D.A. Davidson

Operator

Good morning and welcome to the Monmouth Real Estate Investment Corporation’s Fourth Quarter and Fiscal Year-End 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

It is now my pleasure to

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Dow Surpasses 30,000: What It Means for Real Estate Stocks

The stock market made history on Nov. 24 as the Dow Jones Industrial Average soared past 30,000 for the first time. On one hand, the number itself isn’t meaningful in the grand scheme of things, as it’s simply one gauge of the U.S. stock market. However, it suggests investors are increasingly bullish on the global economy’s prospects, thanks to a string of recent positive data on vaccines that could end the global COVID-19 pandemic.

That optimism has implications for real estate investors because that sector has been one of the hardest-hit by the outbreak. As the economy returns to normal, commercial real estate fundamentals and market values should improve, providing a further boost to stock prices across the sector.

A brutal year for real estate investors

Real estate stocks have been under immense pressure this year. The average real estate investment trust (REIT) had lost nearly 20% of its value

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First-of-its-kind Commercial Real Estate Platform InTheMarket to Launch in December

NEW YORK–(BUSINESS WIRE)–Nov 20, 2020–

InTheMarket (ITM), a new SaaS platform for the commercial real estate (CRE) leasing industry, designed and built specifically for tenant-rep brokers and landlords, will launch in New York City with a limited industry-only beta class of users in December and a full commercial launch in Q1 2021. ITM brings the entire CRE leasing process onto the cloud, delivering end-to-end workflows around every task in the tenant-rep experience— including the industry’s first interactive deal room where brokers and landlords negotiate proposal terms and execute deals, in-platform. ITM provides connectivity and access to stakeholders in a way that no other platform ever has, marking the next step in the evolution of PropTech.

InTheMarket’s custom product suite eliminates the “heavy lift” that tenant-rep brokers endure daily and reduces multi-hour projects to just a few minutes, materially improving efficiencies and response times. ITM’s custom-built portal for landlords and their

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Amazon, Google, Facebook Boost Commercial Real Estate Market

Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg (Getty, iStock)

The sluggish commercial real estate market is getting a boost from tech giants Amazon and Facebook, which have emerged as some of the largest acquirers of real estate in recent years.

Five of the largest tech companies — Amazon, Facebook, Apple, Microsoft and Google’s parent company, Alphabet — now collectively occupy about 589 million square feet of U.S. real estate, according to the Wall Street Journal, citing data from CoStar Group. That is more than five times the space the sector occupied a decade ago.

Although some of these companies, including Facebook and Microsoft, are implementing flexible work-from-home policies in the wake of the pandemic, the sector is still making big bets on office space, warehouses and data centers. In 2020, the five tech firms have expanded their real-estate footprint by more than a quarter, marking the fastest

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KKR Grows Real Estate Industrial Portfolio with Four New Acquisitions in Atlanta

The MarketWatch News Department was not involved in the creation of this content.

KKR, a leading global investment firm, today announced the acquisition of four industrial distribution properties across the greater Atlanta metropolitan area for an aggregate purchase price of approximately $136 million.

The newly acquired properties consist of three high quality, shallow-bay, last mile distribution properties with an average vintage of 2006. The fourth property is a large, state of the art fulfillment center completed in 2020 which is leased to high quality, investment grade tenant on a long term basis. Together the four properties represent 1.6 million square feet. The properties were acquired from four different sellers.

“These acquisitions are part of our ongoing effort to expand our industrial portfolio across high growth Sunbelt markets,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.

“We are excited to increase our footprint in

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Industry Veteran Rob Maccarone Joins Starboard Commercial Real Estate as Senior Broker Associate

SAN FRANCISCO, Nov. 23, 2020 /PRNewswire/ — Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, announced today Rob Maccarone has joined its firm as Senior Broker Associate.

With over 30 years of experience in commercial real estate, Maccarone brings a multi-talented approach to brokerage, tempered with a special focus on the sale and leasing of industrial and office properties across the Bay Area. He also has expansive experience selling and leasing buildings in the South of Market, Mission, and Potrero Hill districts of San Francisco, providing unique insight into the local businesses, properties, and zoning laws.

“We are really looking forward to having Rob join our team,” shared Hans Hansson, president and founder of Starboard Commercial Real Estate. “He has an uncommon background with an impressive track record of deals closed over his thirty plus years in the industry, which

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While Commercial Real Estate Falters, The Single-Family Market Is Booming Amid Pandemic, Report Says

Urban Land Institute and PwC’s latest real estate trends forecast is here. ULI and PwC’s 2021 Emerging Trends in Real Estate offers deep dives and insights into all sectors of the U.S. and Canadian real estate markets. It’s not surprising retail, office, multi-family and commercial markets have felt the far-reaching negative impact of the pandemic.

Conversely, the residential sector is on fire around the country. Brokers and agents all agree, they have not seen a better year. “In my 16 years in the real estate business this is the busiest I’ve ever been,” notes Carl Hawthorne, associate broker at Atlanta Communities in Atlanta Georgia. “There are four to five offers for a home as soon as it’s on the market.”

From the super sunbelt cities of Atlanta, Dallas/Ft. Worth, Houston to Phoenix, San

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