“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Patricia Kirk | Nov 16, 2018
From blockchain to the Internet of Things, technology might make commercial real estate investment and development easier.
The pace of technology innovations in real estate is accelerating, according to Andrea Chegut, Ph.D., director with the Massachusetts Institute of Technology’s Real Estate Innovation Lab and head of research with the MIT Center for Real Estate.
The MIT lab is exploring the future of the built environment and how design and technology will affect the way humans live, work and play. The lab has two research projects underway. One involves the development of a geometric, geospatial relational database of Manhattan that includes rents, transaction prices, building mortgages, co-working spaces, cell towers, fiber optic cables, subway lines and more. Chegut notes that datasets like that will make it easier to understand the industry’s future.
But the team is also developing Real Estate Innovation Life Cycle, a visualization of real estate product innovations and how they change over time. This product will be used as an industry framework for tracking and harnessing innovation impacts. She notes that this will help prepare buildings for a physical transition every five to 10 years as newly developed technology is adopted.
Benjamin Breslau, managing director, Americas research, at real estate services firm JLL, which is a founding partner of the MIT lab, says that investors should consider technology that (1) automates and helps them run their business more efficiently; (2) impacts the size of tenant spaces and future-proofs buildings throughout their lifecycle; and (3) collects data for analytics useful in running buildings efficiently.
A summary of technologies on the horizon that are likely to have a significant impact on real estate investment follows.
Blockchain, a digital ledger of economic transaction data that is validated by an entire network of computers, can be programmed to record financial transactions and virtually everything of value. This technology is relevant for processing real estate transactions and should be quickly adopted by the commercial real estate industry, according to Brandon Nunnink, managing director for valuation and advisory services in the Midwest with real estate services firm JLL.
Artificial intelligence (AI) will collect data that improves information transparency and helps investors make better decisions by providing access to specific data, such as building energy consumption, market rates and how tenants utilize workspace and common areas, says Breslau. Greater transparency should also increase competition for assets because more investors will have access to the same information, he adds. “The key may no longer be who has the data, but more who knows how to interpret it and apply insights.”
Breslau brings up Skyline AI, a proprietary artificial intelligence and machine learning platform that JLL has invested in through its JLL Spark arm. Skyline automates asset valuation and underwriting. JLL Spark made the decision to invest in the start-up because it leverages industry data from more than 130 different sources and analyzes more than 10,000 attributes of each asset for the last 50 years to predict future performance and accurately estimate asset value.
Currently in the testing phase, autonomous vehicles are expected to have the greatest impact on the urban landscape and future building uses. Developers are already adding drop-off platforms to building infrastructure to accommodate services like Uber and Lyft. However, according to Breslau, “We’re advising developers to future-proof projects by preparing for a building’s future lifecycle in the planning and design stage.”
Rather than building a ramp system in parking structures, for instance, some development companies are incorporating flexibility into projects that allows parking structures to be repositioned for other uses, like apartments, gyms, common areas, self-storage or urban “last mile” logistics facilities, Breslau says.
Full adoption of the autonomous car will require a major shift in human behavior, stresses Jeff Berman, a partner at venture capital Camber Creek, which is focused on funding companies that advance technology for real estate.
Initially, office workers will likely both own their own vehicles and use autonomous cars like a taxi service, so parking space will still be required, just not as much, he says. Berman suggests that with a 100-year history of car ownership, some people will still want a car, but may put their vehicles into autonomous vehicle fleets to earn money while they are at work.
Autonomous cars will also likely change where people live and work and where transit hubs are located, in addition to impacting future development of public transit infrastructure. Berman notes that the need for less parking will provide investors with opportunities for new development and redevelopment on sites now occupied by parking lots and parking structures. The availability of more infill sites would, therefore, increase urban density as multifamily projects replace parking space and provide space for other commercial uses.
The Internet of Things (IoT), which is powering smart city technology, also offers significant opportunities for investing in connectivity and sensors that control city and development infrastructure, as well as the computing power that collects and analyzes data, says Breslau. Data collected by IoT could be useful to real estate planning and investment, he notes.
“It will be imperative for cities and companies to develop digital master plans to determine how IoT and sensor technology can improve infrastructure, safety, emergency response and sustainability initiatives,” Breslau says. “But they also need sufficient computing power to collect and analyze data and a plan for how it will be utilized. This is area where many cities and companies are falling short.”
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Kasten Long Commercial Group: Commercial Real Estate News That Matters. Nov. 15/2018
This map has many layers. It was created by the ACA. Just in case you don’t know of it already.
History of Arizona from 900 BC – 2017 -Timeline.
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME – Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net
APARTMENT CLOSINGS
WEEKLY APARTMENT CLOSING UPDATE THROUGH NOVMEBER 2, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 26, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 19, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 12, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 5, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 28, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 21, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 14, 2018, Phoenix Arizona Metro.
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Kasten Long Commercial Group: Commercial Real Estate News That Matters. Nov. 15/2018
This map has many lawyers. It was created by the ACA. Just in case you don’t know of it already.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
8 Reasons You Should Invest in Land
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
Click here to View My Listings and Profile
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
Check out my professional profile and connect with me on LinkedIn.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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