The Big Investors Targeting Film Studios Set Sights On Y'Allywood

Foreigners are less interested in renting U.S. apartments in key technology-heavy markets, underscoring the impact of the Trump administration's restrictive immigration policies that have caused the numbers of foreign workers to slow to a multi-decade low.

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The coronavirus pandemic has hampered most co-living companies, Starcity CEO Jon Dishotsky said, but the pain has so far been much worse for some than others.

Among the most severely impacted operators is HubHaus, which announced last month that it will shutter permanently. The Los Altos-based company came to manage over 1,000 bedrooms, many of which were in the Bay Area, but it told tenants and homeowners in September it couldn’t pay October rent and was shutting down, multiple outlets reported.

The closure of HubHaus, which master-leased single-family homes in a co-housing model, and the contrasting resilience of co-living developers and owners may mean more of the latter lasts through the pandemic, despite immense challenges for both parts of the industry. 

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This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

The ranks of commercial real estate are filled with accomplished professionals who left successful careers in entirely different industries. Katawna Tyler is one of them. Today she is an interior designer and principal with Evanston-based Morgante Wilson Architects, but her roundabout experiences include time spent as a certified public accountant and then a decade as a high-end furnishings buyer. 

When Tyler (who typically goes by K. due to the difficulty many have in spelling her first name) decided on a more creative lifestyle, she found each professional stop along the way armed her with useful tools. Accounting provided a deep understanding of how businesses operate, and from the world of furnishings she learned how to negotiate and who the industry's big players are.

After getting a degree in interior design and joining Morgante Wilson, Tyler said all that background helped her handle clients and explain the business aspects of design, not simply how a certain room would look. That makes all the years spent sampling other professions time well spent.   

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