When British mathematician and data science entrepreneur Clive Humby coined the phrase “data is the new oil” in 2006, he could have been lauded as something of a prognosticator, given the colossal scale at which development and demand for the data center market would evolve over the next decade and a half. The market has […]
As the pandemic lingers, vacant space is becoming an increasingly serious problem. While many owners aren’t equipped to accommodate full data centers at their properties because of square footage and other tenant requirements, they may not be aware their space is ideal for a micro data center or cryptocurrency farm. What are micro data centers […]
The COVID-19 pandemic has brought about unprecedented changes in the commercial real estate industry. Loretta Clodfelter, senior editor of Institutional Real Estate Americas, recently asked a collection of industry heavyweights to share their forecasts and expectations for U.S. real estate in the current environment. The roundtable participants were Brian Biggs, CFA, research director, Grosvenor Group […]
As the saying goes, “History doesn’t repeat, it rhymes.” Thirteen years ago, the collapse of Lehman Bros. sent shock waves throughout the global financial system. In late September, those same markets were roiled amid growing concern China Evergrande Group — one of China’s largest property developers — would default on its massive $300 billion in […]
As the commercial real estate sector enters a second year of the global pandemic, it’s no surprise investor surveys report a continued interest in commercial real estate debt vehicles. Not a single investor wanted to reduce their exposure to debt according to the 2020 INREV/ANREV/PREA survey covering commercial real estate debt vehicles. It also reported […]
A ghost kitchen — otherwise known as a dark kitchen, cloud kitchen or virtual restaurant — is a restaurant that does not provide dine-in or takeaway services to customers. It is primarily virtual and is reliant on food delivery apps, such as Grubhub, website/web portal orders and/or calls to generate sales. The global-cloud kitchen market […]
The increasing use of data continues to transform businesses and consumer behavior around the world. Whether it is the rollout of 5G, the growth of ecommerce, our increased reliance on the cloud or the development of artificial intelligence across industries, our need for data is always increasing, as we have seen in the management of […]
Core values are essential to any successful business. They define the critical beliefs that guide decision making, responsibilities, and the basis for relating to each other and the outside world. In fact, they may be the most important thing underpinning your organizational culture. When everyone in the organization fully embraces and operates in support of […]
The board of the $318.4 billion California State Teachers’ Retirement System (CalSTRS) has pledged to pursue a net-zero greenhouse gas emissions goal by 2050 or earlier, according to a recent meeting document. The next step will be for the pension fund to develop a net-zero action plan that will establish a baseline and milestones for […]
The gilded Utah hills served as a backdrop to IREI’s 2021 Springboard event, which took place Oct. 6–8 at the Stein Eriksen Lodge Deer Valley, nestled at the base of a ski resort in Park City. The event attracted nearly 100 institutional real estate professionals who were hand-picked to attend, many for the first time. […]
While the COVID-19 pandemic put the brakes to a decade-long global economic expansion, and real estate transaction and fundraising activity slowed in 2020, most real estate investment managers still reported impressive growth, as reflected in the findings of Global Investment Managers 2021, the results of the annual survey sponsored by Property Funds Research and Institutional […]
The United States added 194,000 jobs in September, on a seasonally adjusted basis, according to the Bureau of Labor Statistics. Despite the small hiring gain in September, the unemployment rate fell 40 basis points from August to 4.8 percent. Caleb Thibodeau, associate, global capital markets, for Validus Risk Management, says the falling unemployment rate could […]