Not since the passage of Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) in 1989 has the valuation of real estate come under such scrutiny and disruptive change as it has in 2022. For much of the past 30-plus years, commercial real estate valuations were...
The hotel industry has proved to be far more resilient than many had predicted when travel came to a screeching halt in 2020. Although the outlook is more positive than it was two years ago, developers and investors continue to see both challenges and opportunities ahead. There...
Recessions always seem to catch people by surprise — even though lots of supporting evidence indicates they’re forming and proves they’re cyclical. This time around, with the pandemic’s work-from-home routine adopted by many companies, commercial real estate is being deeply...
The seniors housing market is a unique niche of multifamily that can be a bit more complex than an average apartment building. In many ways, it’s a hybrid of real estate, health care, and hospitality. When it comes to real estate, that’s what we know — that’s part of the equation...
Just as real estate brokers have a fiduciary duty to clients in many cases, trusts also often enlist the help of a representative to act in their best interests. Considering the complexity involved in financial assets of all kinds, the value held by these fiduciaries is difficult...
Change happens whether you are prepared for it or not. In commercial real estate, the proliferation of method of aggregating and analyzing data has revolutionized construction, property development, asset operation, and energy efficiency. Technology has been an incredibly...
Whether reality or the inexactness of memory, the early days of the COVID-19 pandemic seemed to leave downtown areas in major metropolitan areas looking like the day after the apocalypse — no sign of the usual hustle and bustle, some newspapers blowing across sidewalks, and only...
Whether the average person is a rational actor within an economic system is a question that a few centuries of debate have yet to answer. But in 2022, with all kinds of complications facing commercial real estate, it’s easy to get caught up in the news of the day and lose sight...
Survey: 40% of Office Occupants Will Seek Shorter Leases Collecting responses from 207 office occupiers, Colliers’ “Return to Office” survey highlighted interesting changes in a market rattled by COVID-19. Forty percent of respondents said they would be looking for shorter lease...
As Europe continues its recovery from COVID-19, nations across the continent are seeing a continued rebound in consumer demand. Thanks to the ongoing recovery from the pandemic, Finland saw healthy economic growth in 2Q2022. While quarter-over-quarter GDP growth was only 0.3...
Much of the focus around the industrial sector is on the impact of manufacturing, heavy industry, and the sector’s role as an intermediary for goods storage before they reach their final point of sale. Increasingly, however, transactions are taking place in a manner that bypasses...
There has been a huge shift in the commercial real estate market over the past 2.5 years. Many downtowns continue to struggle, as the occupancy rates of their office high-rises remain low due to remote and hybrid work arrangements, which also impacts businesses dependent on those...
Without the proper coverage, even seemingly inconsequential design and construction management errors and mishaps can turn into financial disasters. Billed as one of the world's most luxurious buildings and home to celebrities like legendary quarterback Joe Montana, Millennium...
While commercial real estate can be and is often a family business that extends back multiple generations, the expertise and skills to succeed in the business are quite different from the blacksmith of centuries ago, who learned to work metal through familial sources. Today’s...
Considering the amount of time everyone has spent tooling around the house since the beginning of COVID-19, it shouldn’t be surprising that home improvement chains have seen strong demand. Whether fixing a leaky faucet or more labor-intensive rehab jobs, folks are finding...
After a career as an archaeologist and starting a family with her husband, Melissa Ray Gentry returned to her hometown of Billings, Mont. While raising her new family, she earned her real estate license in January 2020, following in the footsteps of her father Jerry Ray, CCIM...
Energy grids are facing unprecedented disruption due to the transition to renewables, electrification trends, extreme weather, and the impacts of climate change. The infrastructure required to support mass electrification will require more demand for energy, which could compete...