It’s likely that you’ve read about, heard about, or encountered the word — PropTech. These days, PropTech is one of the biggest buzzwords in commercial real estate. But, how much do you actually know about PropTech? In this article, we’re going to dive into what PropTech really is, along with the relevant information about the term.
Driverless cars are everywhere. Now, the autonomous car trend is spreading across the world. So, we need to prepare for changes that these vehicles could cause. Whether on the road or in your home, driverless cars will begin to affect your day-to-day life.
Expansion of Main Street Retail Through Digitalization
Everyone’s heard the buzz about the death of traditional brick and mortar and the rise of experiential retail. U.S. retail vacancies were at 10.2% at the end of 2018, a marginal increase from 10.0% a year earlier, according to a report from Reis. Current market trends have challenged retail owners and investors with vacancies in retail spaces from areas like Magnificent Mile and Fifth Avenue as well as on Main Street.
In today’s business climate, accurate and relevant information is crucial for success in commercial real estate investing. In other words, if you don’t know the local market, you could be in real trouble. Despite this fact, commercial real estate is a sector favorite among investors, with its relatively strong returns with only minimal to moderate risk.
When it comes to the new boomtowns… are secondary cities the new black? Before you write the idea off, hear us out. As more traditional, “mainstream” cities in the United States become saturated, commercial real estate investors are shifting their eyes and focusing more on cities outside this top tier.
MADISON, N.J. March 19, 2019 – Coldwell Banker Commercial Affiliates today announced Grayson Powell as the recipient of its 2018 Halter/Case Leadership Award. Grayson Powell Sr., managing partner of Coldwell Banker Commercial Sun Coast Partners in Wilmington, North Carolina, was recognized for his business excellence and commitment to his community. Powell received the award at the 2019 Coldwell Banker Commercial® Global Conference in Las Vegas.
The Coldwell Banker Commercial® brand is pleased to welcome Dan Spiegel as its managing director. In his role, Dan will be responsible for implementing strategy for the business, running daily operations and growing the Coldwell Banker Commercial network. Previously, Spiegel served in two leadership roles at two publicly-traded real estate firms; most recently as an executive vice president of U.S. Operations at Colliers International, a global commercial real estate services company, and before that in a similar role at Grubb & Ellis Company.
When it comes to the Earth’s energy consumption, did you know that real estate accounts for roughly 40% of the world’s total consumption — and roughly one-third of all carbon emissions? Given the state of today’s climate, this means that we, as commercial real estate professionals, are on the forefront of climate change risk, brought on by greenhouse gas emissions. As such, we owe it to ourselves and our future generations to reduce the impact of our properties — and help out of clients, in the process.
MADISON, N.J. (March 11, 2019) – Coldwell Banker Commercial® today named Daniel Spiegel as its managing director. Previously, Spiegel served as an executive vice president of US Operations at Colliers International, a global commercial real estate services company. Spiegel will oversee the strategy implementation and daily operations of the Coldwell Banker Commercial brand.