Cities Big And Small Race To Be Smart
February 7, 2019

Cities Big And Small Race To Be Smart

"Smart city" might be a real estate industry buzzword, but it is a concept that has grown well beyond the promises of early adopters.

The drive to install smart technology in an urban setting is going to accelerate in the coming years. Smart city tech worldwide spending was $80B in 2016, and is forecast to grow to $135B by 2021, according to a report by International…

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CREW (Nov 2018) FILLER
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Mounting Costs Push Construction Industry Harder Toward Tech Solutions

The construction industry is famously slow to innovate and find new technologies to complete tasks. But the industry can't afford to delay any longer.

“We are so far behind it is absurd,” FullStack Modular CEO Roger Krulak said.

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JLL Forms Venture To Assist Ailing Retailers

JLL and Gordon Brothers are joining forces to offer services to retailers struggling to survive in the current retail climate, or even relatively healthy chains wanting to accelerate their growth.

The goal of the alliance is to assist retailers in minimizing lease liabilities, maximizing the value of their underperforming assets and retaining or migrating customers. Boston-based Gordon Brothers is a specialist in appraisal, valuation and disposition services. Chicago-based JLL has shepherded major…

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CohnReznick(MaxValue 2018) FILLER
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Developers In Low-Income Areas Hoping To Catch The Attention Of Opportunity Zone Investors

Politicians from both major parties tout the nation's new opportunity zones as tools that will send $100B of investment per year into low-income neighborhoods, fueling new development and business creation.

But as many investors eagerly look into securing the generous capital gains tax breaks offered for investing in these areas, developers already working in low-income neighborhoods worry their projects won't capture the attention of major players.

“Most of the fund managers are not used to doing deals in my community,” Urban Equities founder and CEO Lennox Jackson said.

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Retail Is Growing In Georgia, And It Has Everything To Do With Food

ATLANTA — Georgians love to eat, especially a diet rich in pumpkin spice lattes and pepperoni pizzas.

More than 100 national retailers have plans to expand store counts in Georgia over the next decade, led mainly by Starbucks and Domino's, according to a new study by Newmark Knight Frank.

Restaurants make up 83.9% of the planned new chain retail stores in Georgia, far outpacing average new eatery growth across the U.S. 

“This is like Super Bowl food, really,” NKF Research Director Marianne Skorupski said.

Read the full story here.

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State Treasurer: California Is Open For Business, Will Comply With Opportunity Zone Program

LOS ANGELES — Newly elected California State Treasurer Fiona Ma is on a mission to support the governor's effort to build more housing in California through the new opportunity zone program.

Since taking office earlier this year, Ma and her staff have been busy on the road across the state, meeting with business leaders at community and professional business forums.

Read the full story here.

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