Hurricane Irma Shakes Up
CRE And Insurance Industries
Now that Hurricane Irma has passed through Florida, there is one thing on the minds of countless property owners: their insurance policies.
Insured losses from the storm are projected at a record $65B, according to catastrophe modeling firm AIR Worldwide.
“It's been 12 years since we've had anything remotely close to a storm like this, and people are saying, 'Oh my God, I…
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Beware Of Insurance, Construction Scams After Storm
Natural disasters sometimes bring out the best in people, like when neighbors keep one another safe or nice guys let desperate families have the last generator for sale in the hardware store.
But crises can also bring out the worst…
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15% Of The Country's Chain Restaurant Locations Were In Hurricane-Exposed Areas
An estimated 15% of American restaurant chains could be picking up the pieces of some of their locations after being exposed to Hurricanes Harvey and Irma.
According to Yahoo, 13,000 U.S. restaurants were in hurricane-exposed areas.
Fiesta Restaurant Group had some…
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Which City Will Nab Amazon's HQ2? Bisnow Analyzes The Best Options
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Automated Parking Promises To Transform U.S. Cities. Here's How
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CityLift Parking |
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Automated parking is not a new concept, but technological advancements in parking systems and vehicles, combined with cities' further densification, have made American developers and city planners reconsider it as a viable, eco-friendly, space-freeing solution.
After World War II, surface-level…
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5 Ways The Workplace Will Change Forever And How To Survive
How the rise of the nomadic creative class will transform where, when and how we work. Physical offices have always defined the working experience. But with the rise of mobile technology and the sharing economy, the tables have turned. A growing millennial workforce has shattered the traditional model of assigned desks and the nine-to-five. People can work from anywhere, at any time, and that has commercial landlords rethinking asset ownership.
Offices of the future will need to be community gathering spaces, places where companies can attract and develop talent. Buildings will become smarter, integrating with personal devices to anticipate user demand. Owners will also have to adapt as shorter leases become the new normal, as company policies shift from always present to always connected.
Download this white paper by Ryan Simonetti, co-founder and CEO of Convene, to find out how you can survive.
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How Canada Edged Out China To Reclaim The Top Spot For U.S. CRE Investment
Size may indeed matter in explaining how Canada became the top global investor in the U.S. property market.
Canadian investment in U.S. real estate amounted to $5.2B in acquisitions in the first half of 2017, or 30% of the total global foreign investment, according to a recent report from JLL. Over that same period, second place China tallied $3.6B (21%) in U.S. acquisitions.
This figure is by no means a one-time statistical blip. Canada has regularly topped the list of foreign investors in the U.S. over the last decade.
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JLL Seeks Sites For Volkswagen Subsidiary's $2B U.S. Investment In Electric Vehicle Infrastructure
Electrify America is giving the zero emissions vehicle infrastructure a boost with a landmark $2B investment.
Over the next 10 years, the Virginia-based Volkswagen subsidiary is aiming to build a comprehensive ZEV infrastructure and education program that will span the entire U.S. and have charging stations no more than 120 miles apart to reduce driver anxiety and increase confidence about driving an electric vehicle long distances. The creation of Electrify America and the $2B investment plan, announced earlier this year, were part of Volkswagen's court settlement with U.S. regulators over excess diesel emissions.
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