A scenario that all short term rental operators dread is entering one of their units to discover water pooling across the floor or mold climbing the walls. Unlike hotels with round-the-clock staff or long-term rentals with steady occupancy, STRs frequently sit empty, from a few days to perhaps weeks at a time in seasonal markets ...
Sustainability
The commercial construction sector in Northwest Florida continues to reflect broader industry trends while maintaining steady project pipelines, according to industry veterans navigating workforce shortages and regulatory complexities. Despite national concerns about construction slowdowns, regional markets like Pensacola are demonstrating consistent demand across key sectors. Kelvin Enfinger, Vice President at Greenhut Construction Company, offers a ...
The transition from military service to civilian careers often presents challenges, but for Shane Burgman, his decade in the Navy provided a strong foundation for building a successful real estate business. Now leading The Burgman Group on Florida’s Space Coast, Burgman has transformed his military experience into a systematic approach that generates over 60 transactions ...
The transition from analyzing investments to operating them can reveal uncomfortable truths about market dynamics. For Justin Ford, founder and CEO of Pax Properties, that realization came during the 2008 financial crisis, when his real estate portfolio went from significant value to underwater in a matter of months. “I woke up one morning in 2008 ...
The water dripping through your ceiling at 1 AM is the beginning of a cascade of problems that most co-op shareholders don’t anticipate until they’re living through them: insurance disputes, neighbor conflicts, rising maintenance fees, and in some cases, diminished property values that affect every shareholder in the building. In our work deploying monitoring systems ...
KLAUS Multiparking America marks 35 years of delivering mechanical and automated parking systems across the United States, a milestone that reflects both the company’s German engineering heritage and its adaptation to American real estate markets. Since establishing its first U.S. projects in 1990, the company has installed thousands of parking spaces across multifamily, mixed-use, hospitality, ...
Arizona continues to attract thousands of new residents each month, but this influx is creating new complexities for buyers and sellers in the state’s evolving real estate market. With Phoenix now the nation’s second most popular relocation destination, local professionals are adjusting their approaches to serve an increasingly diverse and sometimes uncertain buyer pool. Migration ...
The South Florida real estate market is undergoing a notable transition as the intensity of the pandemic-era boom fades and more balanced conditions emerge. After years marked by rapid price increases and competitive bidding, agents now face a market with rising inventory and increased negotiating power for buyers. Arkadiy Abdurakhmanov, a real estate agent with ...
The aviation industry is on the verge of a transformation that could reshape transportation as significantly as the interstate highway system did in the 1950s. With 2 million commercial drones expected to be airborne by the end of the year and electric vertical takeoff and landing aircraft (eVTOLs) nearing FAA approval, the critical missing component ...
The property insurance industry stands at an inflection point. As traditional carriers tighten underwriting criteria and with some retreating from high-risk properties, innovative insurers are pioneering prevention-based risk assessment models. At the center of this transformation: partnerships with smart building monitoring companies that turn properties from passive risk exposures into active risk mitigation partners. Placing ...
Water leak incidents create immediate operational challenges for hotel operators, from guest complaints to costly remedial work. However, the long-term impact of a serious water leak incident may not be fully realized until the hotel’s property insurance policy is due for renewal. Hotels with a history of water damage claims may face a reassessment of ...
While the deadline for enforcement of New York City’s Local Law 157 natural gas detector requirement has been pushed back to January 1, 2027, buildings continue towards compliance. This extended implementation phase presents an opportunity to make informed technical decisions that will impact building operations and emergency response capabilities for years to come. Local Law ...
In today’s evolving commercial real estate landscape, data-driven decision making has transitioned from competitive advantage to absolute necessity. As organizations navigate the complexities of hybrid work models, cost optimization, and sustainability requirements, occupancy intelligence has emerged as a critical tool for forward-thinking CRE leaders. “Traditional methods of planning and allocating space based on headcount alone ...
Washington D.C. is experiencing a significant transformation in its commercial real estate landscape as developers increasingly convert underutilized office buildings into residential spaces. This trend reflects not only strategic market adaptation but also creates new opportunities to revitalize the urban core of the nation’s capital. “Real estate evolves over time. It changes. It shouldn’t be ...
