The latest real estate industry news and announcements
A concerning trend is emerging in the Los Angeles luxury real estate market, where some agents are abandoning traditional commission structures for flat fees that one industry expert warns could ultimately hurt sellers. “These sellers are meeting with other listing agent potentials, and they’re going, ‘I’ll just do it for 20 grand. Like, forget even ...
The rise of artificial intelligence and large language models (LLMs) is forcing real estate data providers to confront a pivotal strategic decision, according to Jonas Bordo, CEO of rental marketplace Dwellsy. The industry faces a challenge similar to what the music industry encountered with Napster: how to adapt to new distribution channels without undermining their ...
Facing mounting regulatory requirements and rising interest rates, New York City building boards are developing innovative funding strategies beyond traditional assessments and loans, according to Julie Schechter, Partner at Fox Rothschild. The Financial Squeeze “A lot of buildings were forced to get creative on alternative ways of raising money,” Schechter says, noting that traditional funding ...
A single communication breakdown can lead to significant occupancy drops and financial losses in multifamily properties, according to a senior industry executive who recently witnessed this phenomenon firsthand. The Communication Crisis “I was just at a multifamily conference,” says Teddy Abdelmalek, Senior Vice President of Business Development at HH Red Stone Properties, “and there were ...
Bonaventure’s Chief Growth Officer argues that one-size-fits-all approaches are misaligned with investor needs. The real estate investment industry’s tendency to offer standardized products is failing to meet the diverse needs of investors, according to Mike Auerbach, Chief Growth Officer at Bonaventure. “Every client is different. Some people want appreciation, some people want cash flow, some ...
The explosion of hospitality technology options has created a “paralyzing” situation for independent hotels trying to build effective digital operations, according to a leading industry expert. Jennifer Barnwell, President of Curator Hotel & Resort Collection, says the complexity of choices is creating unexpected hurdles for boutique properties. The Technology Maze “If you need a property ...
Robert Marucci, Owner of Better Living Realty LLC, has witnessed a dramatic shift in how Connecticut cities approach vacant commercial buildings. “Ever since COVID, it’s changed the game, and people don’t really need office space like they used to. Now these buildings are vacant, and landlords are having a tough time renting them,” Marucci observes. ...
Industry veteran argues that customization and deep client understanding are replacing traditional product-driven approaches. The real estate investment industry needs to move beyond standardized investment products toward more customized solutions that truly address investor needs, according to a senior executive with extensive experience across multiple industry segments. Mike Auerbach, who recently joined Bonaventure to lead ...
Industry veteran argues that capital preservation, not chasing yields, should drive 1031 exchange decisions in today’s market. The pursuit of aggressive yields and deal volume has created dangerous risks for real estate investors, particularly in the 1031 exchange space, according to a senior industry executive who argues for a fundamental shift in how deals are ...
Las Vegas is experiencing a significant influx of California businesses driven by Nevada’s favorable tax environment, according to Jennifer Lehr, Senior Associate at Colliers International, who sees this migration as a key factor in the market’s historically low retail vacancy rates. The Tax Advantage “We have a lot of California businesses moving into the valley, ...
A crisis of trust is transforming the vacation rental industry, with property owners increasingly skeptical of traditional management approaches, according to Anish Patel, Head of Owner Relations at Vinifera Homes. “It’s really simple. It’s someone they can trust. And that’s really what it comes down to, do you have my interest in mind?” Patel says, ...
Commercial real estate owners are unknowingly giving away millions in value by letting vendors control and monetize their buildings’ operational data, according to one industry expert who sees a critical blindspot in how properties are managed. “That data is yours, Mrs. Or Mr. Portfolio holder, Mrs. Or Mr. Property holder. It is not your vendors,” ...
The short-term rental market in Connecticut and Rhode Island offers significant opportunities for investors who carefully navigate local regulations, according to Robert Marucci, Owner of Better Living Realty LLC. However, success requires understanding complex town-by-town variations in rules and market dynamics. Regulatory Landscape Demands Local Knowledge “You definitely have to be working with an experienced ...
Bonaventure executive argues the industry’s focus on returns over capital preservation is putting investor money at risk. The real estate investment industry needs to shift its focus from chasing yields to protecting investor capital, according to Mike Auerbach, Chief Growth Officer at Bonaventure. “We all romanticize about the upside, but what we’re really trying to ...
The traditional self-storage model of large, staffed facilities on city outskirts is becoming increasingly obsolete as urban demographics and living patterns evolve, according to one industry expert. “More and more people are going to be moving into city centers. Everyone’s going to be living in relatively small buildings, cost of housing just goes up and ...
