Day one of the 2019 CRETech New York conference taking place in Brooklyn this week kicked off with over 2,000 real estate professionals discussing the future adoption of proptech in the industry. Some of the topics discussed showed the blurred lines between proptech and fundamental shifts in how commercial real estate is being used with the adaption of concepts such as co-living and modular construction. Here are the main takeaways from the first day of the event.
HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.
Just under 80 million sq. ft. of new retail space is under construction nationally in 2019, according to CoStar data. That’s a big drop from the last market peak in the years from 2007 to 2009, when an average of 140 million sq. ft. of retail space annually was under construction.
The Federal Reserve’s Beige Book shows the U.S. economy slowing at a modest pace, reports MarketWatch. SoftBank, J.P Morgan Chase are both submitting bids to bailout WeWork, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
