RESAAS, a leading provider of technology solutions for the real estate industry, has introduced Commercial Data Exchange (CODE), an enterprise software solution designed for corporate commercial real estate brokerages. CODE enables brokerages to securely share their data with other participating brokerages, fostering collaboration and enhancing market intelligence.
Arvin Vohra, CEO of Energy-as-a-Service leader Redaptive, has been recognized by GlobeSt. as one of the top 40 young professionals in the commercial real estate industry under the age of 40. Vohra was selected for his innovative approach to the power purchase agreement (PPA) for LED lighting retrofits and for leading Redaptive as a provider of funding and installation services for energy-saving and energy-generating equipment to large commercial and industrial customers.
Following the introduction of regulations governing Small and Medium Real Estate Investment Trusts (SM REITs) by SEBI, several fractional ownership platforms have initiated the registration process. These platforms aim to provide investors with regulated access to rent-yielding real estate assets and enhance transparency in the fractional ownership model.
Several fractional ownership platforms have begun the process of registering under the SM REIT regulations. Strata, a commercial real estate investment platform, plans to apply for an SM REIT license by the end of the month. hBits, another fractional ownership platform, aims to file registration documents and launch its first offering within three months. WiseX is also preparing to register under the SM REIT regulations in the coming months. Integrated co-working firm EFC (I) Ltd intends to form an investment manager entity to manage SM REIT assets through a subsidiary. The minimum investment threshold for these SM REITs is ₹10 lakh.
Former New York City real estate developer and author of ‘Early Detection’ Bruce Ratner joined ‘Squawk Box’ to share his insights on the real estate market, the state of commercial real estate, the mortgage rate outlook, and his personal crusade against cancer.
Outsourcing is gaining momentum in the commercial real estate sector, offering entrepreneurs a smart solution to cut costs and boost efficiency. From marketing and sales to administrative tasks and human resources, outsourcing allows businesses to delegate non-core functions to virtual assistants. This frees up core teams to focus on strategic decision-making and drive business growth. With a global market valued at $280.64 billion in 2023 and projected to grow at 9.4% annually, outsourcing is a game-changer for businesses looking to maximize productivity and profitability in a competitive market.
PNC Financial reported mixed first-quarter earnings, beating EPS estimates but missing revenue expectations due to declining net interest income. Despite headwinds from lower loan levels and higher deposit costs, the bank remains profitable and offers a well-supported dividend. However, commercial real estate portfolio risks and the possibility of accelerated federal fund rate cuts pose potential challenges. The bank’s valuation is slightly below its historical average, making it a potential hold for long-term investors.
Jeanette Bennett, a prominent figure in Utah’s business and philanthropic communities, has been named President of Colliers Utah, the state’s largest commercial real estate firm. With a successful career spanning over two decades, Bennett brings a wealth of experience and expertise to this leadership role.
Merritt Properties received two Awards of Excellence from the NAIOP Maryland and Northeast Florida chapters for their exceptional commercial real estate developments. Columbia Corporate Park won “Best Office Park” for its tenant-centric amenities, while Imeson Landing Business Park was recognized as the “2023 New Construction Project of the Year” for its state-of-the-art light industrial facilities.
Merritt Properties has received recognition from NAIOP Commercial Real Estate Development Association for their exceptional developments: Columbia Corporate Park and Imeson Landing Business Park. Columbia Corporate Park was awarded “Best Office Park” by NAIOP’s Maryland Chapter for its amenities, accessibility to retail and dining, and initiatives to attract top talent. Imeson Landing Business Park won “2023 New Construction Project of the Year” from NAIOP’s Northeast Florida Chapter for its versatile industrial offerings, sustainable practices, and commitment to environmental aesthetics.
