Dylan Lazovik

CoStar Group's Phil Mobley shares how demand for space in new office buildings has slowed, as availability in desired places has receded. My biggest takeaway from Phil's article was that tenants are not finding all new office space equally attractive, with demand being highly granular and influenced by factors such as location, proximity to transit, access to parking, and amenities. #RealEstate #Office https://lnkd.in/g_sMnkXA

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Navigating the changing landscape of commercial real estate is crucial for staying competitive. In light of recent insights from REJournals' article on the "Great Reset" in CRE, we at Reitrades are more committed than ever to providing an innovative platform that is reshaping how commercial real estate investors purchase and sell mid-market and institutional assets. Understanding the industry's current state and future trajectory is essential. Reitrades empowers sellers to take control of their sales process, leveraging our expansive network of accredited buyers to maximize their property's potential. This proactive approach aligns with the industry's shift towards more efficient and strategic transactions. #CRE #CommercialRealEstate #RealEstateInvestment #CREInnovation #RealEstateTrends #InvestmentSales #Reitrades #CREtech #RealEstateDeals #PropertyInvestment #AssetManagement #DigitalRealEstate #RealEstateMarket #CREnews #IndustryInsights

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The NAIOP CRE Sentiment Index for Fall 2024 is 56, indicating that respondents expect conditions for commercial real estate to improve over the next 12 months. Read the full report: https://ow.ly/uOPT50TMYph

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As the multifamily industry evolves, so must its approach to engaging residents on a personal level. Beyond mere information, residents and prospects yearn for meaningful connections and content that resonates personally: rptn.co/K8A6ZABAjHJ

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The NAIOP Sentiment Index is designed to predict general conditions in the commercial real estate industry over the next 12 months by asking industry professionals to predict conditions for their own projects and markets. https://lnkd.in/eugDAfcH

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On a special bonus episode of CRE Unplugged, my co-host Nadine Ezzie sat down at Blueprint: The Future of Real Estate with Daniel Fenton, Head of AI Platform at JLL Technologies, to dive into how JLL is transforming the industry with AI. From the launch of JLL GPT to integrating AI across customer-facing products, Daniel shared how JLL is enhancing the experience for both employees and clients. Catch the episode now and see how JLL is leading the charge with innovation. #AI #BuiltWorld #Brokerage #Innovation #CommercialRealEstate #PropTech

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Explore Moody's data on the multifamily sector's changing dynamics in feature by Multi-Housing News. Discover insights on vacancy rates, rent performance, and market trends amid ongoing supply-side pressures and elevated concessions in tenant-favored markets: https://lnkd.in/eh_t2aPJ

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TPG and PAG took over Cushman & Wakefield in May 2015 when DTZ, the UK-based real estate services firm the venture acquired in 2014, merged with C&W in a $2B deal. The Ontario Teachers' Pension Plan was also invested in the joint venture, but the pension fund is holding on to its shares in C&W. The merger created a combined company with 250 offices in 50 countries. It went public three years later in August 2018, raising $765M at a valuation of around $3.1B. Cushman & Wakefield has a $2.6B market capitalization, based on Friday’s closing price of $11.72. The stock is down around 38% from when it first went public, but it is up 7.6% year to date and has seen a 20% rally in the last month. Shares were down around 2% early Monday.

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Substack has quickly become one of my favorite platforms for great commercial real estate & urbanism content. Along with a healthy diet of NYT, WSJ, & Bloomberg, and your staple research reports, Substack provides some really insightful, longer-form pieces from industry vets and insiders.   Some of my favorites - which I've written about here before - include Brad Hargreaves' excellent Thesis Driven and Aziz Sunderji's Home Economics. This week, I was pleased to see Clint Myers writing again on the platform, this time on the what makes real estate assets resilient, or in Nassim Taleb's words "anti-fragile." The concept dovetails nicely with my affinity for long-term real estate investment. The cliffnotes version: properties that are anti-fragile hold up to the stressors of time; they retain value over time; they're properties for which time is a friend.   And what, according to Clint, are the characteristics of an anti-fragile real estate asset?   --- Diversity: of market, of asset use, of tenant base --- Organic, bottoms-up design: a la Jane Jacobs (as opposed to, say, the top-down approach of Robert Moses) --- Modest leverage: so as to be less exposed to capital market fluctuations, and positioned to take advantage when the highly-levered get out over their skis --- Optionality: the ability to adapt a property to fit changing trends --- Asymmetry: as in, a high potential for future upside   In what is perhaps a contrarian view, the conclusion here is that anti-fragile assets look more like an old strip mall or class B multifamily asset in an emerging neighborhood than a brand new life sciences building in the CBD.   The post is surely worth a read in its entirety (linked below). It might inspire you - as it has me - to pick up Taleb's 'Antifragile' next. #commercialrealestate #longterminvesting

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As the dynamics of the real estate market continue to evolve, office-to-residential conversions are becoming a more feasible solution to address both office vacancies and housing shortages in New York City. Initially met with skepticism, this concept is gaining traction thanks to recent incentive programs and a shift in developer enthusiasm. Prominent developers like SL Green Realty Corp., Silverstein Properties, and GFP Real Estate are now exploring conversion projects, such as the transformation of 750 Third Ave. Supported by new state budget tax incentives, these projects are moving from theory to reality. While these conversions might not solve all of NYC's housing and vacancy challenges, they represent a significant step forward. At BOMA New York, we recognize the importance of adaptive reuse in revitalizing our urban spaces and creating a more balanced real estate market. To learn more about the potential impact of these initiatives, read the full article: https://lnkd.in/eeDB7QSQ #CommericalRealEstate #OfficeToResidential #BOMANY #NewYorkCity #AdaptiveReuse

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Public incentives and private angst are combining to drive dozens of New York City office-to-residential conversions past the planning stages. Read the story: https://lnkd.in/eeE7ttra #RealEstate #CommercialRealEstate

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Public incentives and private angst are combining to drive dozens of New York City office-to-residential conversions past the planning stages. Read the story: https://lnkd.in/eeE7ttra #RealEstate #CommercialRealEstate

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This is interesting development. Say half of these projects move forward to actual conversions and that each building has an average RBA of 200,000 that's 9.4 million square feet of office inventory removed from the supply / demand matrix. Now say that the occupancy of these buildings is 50% and they move elsewhere that absorbs 4.7 million square feet. So this would move the needle to the tune of 14.1 million square feet. It sounds like a lot of inventory being removed from the supply / demand matrix, but there is currently 97 million square feet available. So these conversions would lead to 14.5% less space available. The $64,000 question is, how do we reduce the available space by another 20-30 million square feet. The long and short answer IMHO is economic growth in NYC; which will lead to more businesses being formed and more demand for office space. Let me know if your firm needs help navigating their next office real estate transaction. Michael Adler 212-519-2046 #cre #commercial #commercialoffice #commercialrealestate #commercialofficebuilding #commercialdevelopment #commercialleasing #office #officebuilding #offices #officebuildings #officelease #officeleasing #tenant

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These four recent #retail #CRE transactions show where the industry is heading: Luxury retail properties are in style, supermarket-anchored centers are highly favored, institutional investors are buying and selling more, and residential developers are looking for obsolete retail. Read my latest  https://lnkd.in/dhDwCm2p #marketplaces #retailrealestate #ICSC

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"At 2.75M SF, Manhattan’s leasing demand in April 2024 grew more than 50.0% since the prior month, nearly doubled since April 2023 and surpassed the five-year rolling monthly average. Additionally, at 9.08M SF, Manhattan’s year-to-date 2024 leasing activity was ahead of the 8.85M SF year-to-date volume during the same period in 2023." https://lnkd.in/ejXWvDyf

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