California’s new rent regulations—as they are currently written—should not have a drastic impact on most apartment properties, industry sources say. However, investors had already begun to demand higher cap rates in California markets including Los Angeles and San Francisco, as they worried about lawmakers attempting to pass even tougher rent control laws.
NREI recently talked with Dharmesh Ajmera, partner and proptech expert at Deloitte, Jake Fingert, partner at Camber Creek, a venture capital firm focused on investing in real estate tech companies, and Felicite Moorman, CEO and Co-founder of Stratis IoT, smart apartment IoT platform, on their views on the evolution of the proptech space, and how commercial real estate players can decide which proptech products are ultimately worth investing their time and money in.
WeWork’s bonds fell to a new low this week, reports the Wall Street Journal. Global banks saw a significant increase in earnings from government-backed U.S. mortgage securities in the first half of the year, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
