What does warehouse automation mean for CRE investors?

Automated warehouses manned at least partially by robots are likely to become mainstream in the future, as warehouse tenants look for ways to overcome a growing labor shortage. Online giant Amazon is already using robots made by Kiva—square-shaped, yellow machines—in multiple fulfillment centers. The 16-inch tall wheeled machines, which automate the picking and packing processes, cut merchandise cycle time down …

Blockchain Real Estate | Cryptocurrency in Real Estate

At Consensus 2018 — a conference where cryptocurrency die-hards convened to plot the future of blockchain — two pioneers in the budding industry battled over whether the encrypted database technology had a future at all. Bitcoin enthusiast and entrepreneur Jimmy Song faced off onstage against Joe Lubin, the soft-spoken co-founder of Ethereum, one of the more popular platforms for creating …

Amazon enters real estate housing industry

For an e-commerce giant, Amazon has sprawling roots in commercial real estate, with its massive warehouses, Whole Foods footprint and splashy cashierless and 4-Star stores. Now, Amazon (AMZN) is making its foray into residential real estate. Last week, the Alexa Fund, which invests in companies harnessing voice technology, participated in a $6.7 million round of funding to back Plant Prefab, …

Inside Hudson Yards, most expensive real estate development in US

Stepping onto the Hudson Yards site, it’s impossible not to gravitate toward Vessel, a 150-foot-high, honeycomb-shaped art installation located in the center of the complex. With its reflective copper cladding and $150 million price tag, the structure is emblematic of the development itself: expensive, partially enclosed, and intentionally breathtaking. While the complex is a stunning design feat, the fact that …

Atlanta firm pays $106 million for 3 Charleston-area apartment complexes

An Atlanta real estate company recently laid out $106 million for three Charleston-area apartment complexes, 10 years after they sold for $51.1 million. An affiliate of Carroll Organization of Atlanta bought complexes in Mount Pleasant and North Charleston earlier this month from JRK Properties of Los Angeles. They include the 248-unit Springhouse on St. Ives Road and Cooper’s Pointe, with …

A New Non-Traded REIT Has Entered the Market. Its CEO Discusses CRE

Single-family office Casoro Capital Partners LLC has given birth to a non-traded REIT called Upside Avenue. The new REIT will invest in income-producing multifamily, seniors housing and student housing assets across the country, says Yuen Yung, CEO of Austin, Texas-based Casoro Capital. With a minimum buy-in of $2,000, accredited and non-accredited investors around the globe can participate in deals alongside …

Demand for Smaller Industrial Buildings Surges in Coastal Markets

Industrial developers in coastal U.S. markets are cashing in on the extraordinarily high demand by small businesses for for-sale modern warehouse facilities of between 25,000 and 40,000 sq. ft. For example, Los Angeles-based Dedeaux Properties and a joint venture partner recently sold seven stand-alone industrial buildings ranging in size from 27,438 sq. ft. to 43,166 sq. ft. at Echelon Business …

Inside The Biggest Private Real Estate Development In U.S. History | Here & Now

When the outdoor observation deck at 30 Hudson Yards in New York opens to the public late next year, it will be the highest of its kind in the Western Hemisphere — so high that standing on the edge will make you feel uncomfortably close to the clouds. The deck, rising more than 1,000 feet over Manhattan, is just part …

This MSA is leading in real estate appreciation

Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author’s alone. This week, the second quarter 2018 VeroFORECAST report is being released. The report, which analyzes data from 354 Metropolitan Statistical Areas, covers the single-family residences, condominiums and townhouses occupied for 82% of the U.S. population. That is a 3% increase in MSAs over the …

March Real Estate Dividend Stocks To Look Out For

The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. These factors drive the profitability and cash flows of real estate companies, which in turn steer the dividend payout and yield for investors. During economic growth, these companies provide an opportune time to …

Spartanburg developer looking to capitalize on Charleston area industrial boom

An Upstate firm wants to build one of the Charleston region’s largest distribution centers to capitalize on the industrial growth spreading along the Interstate 26 corridor in Berkeley County. Johnson Development Associates would build the 829,000-square-foot building on a nearly 91-acre site along Old Dairy Road in Jedburg, on the eastbound side of I-26 near the Charleston Trade Center and …