A Backwater No Longer
As industrial moves from being an operations decision to a financial product, it’s no longer a sleepy backwater of the investment world. Institutional Capital has permanently changed markets from locally owned and operated to globally owned and tenanted. It’s a 40-year trend beginning with the first wave of Japanese corporations and now exploding with institutional capital since the 2008 Financial Crisis. The influence of institutional capital makes it a different business. The driver is no longer business operations but financialization.
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MappSnap
We’ve been working hard on MappSnap as we try different ways to visualize and process industrial property data. By merging Salesforce, Drupal, Parcel Data, GIS, and Street Knowledge, we’ve created a trading platform. Since it’s a 10-year bootstrap operation with a limited budget, there are many holes and broken code. However in the areas where we have put most of our resources, Gardena, of course. But also Big Industrial, here in Los Angeles, New York, Dallas and other strong industrial markets, we’ve had many notable successes dealing off large properties and portfolios.
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Four Current Forces of the Industrial Real Estate Business
The current robustness in industrial real estate markets obscures many forces that can balance and protect your investment and location decisions. Technology, Monetary Policy, Political Risk, and Space Transparency are important factors that provide support during good times and bad.
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European Opportunities for U.S Occupiers and Investors
I just returned from the SIOR European Conference in Warsaw, Poland. It’s my third visit to Europe recently and the most persistent trend is the expansion of big warehouse development. It’s leading to opportunities for U.S. occupiers and investors mainly due to the strength of the dollar.
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SnapSpace in Beta
We started a new site where Users can snap pictures of available space from their phone or PC and upload directly to the site. It’s meant to work on a market-to-market basis because it also requires extensive “‘on-the-ground” support so Users know about the service. We are testing it in Gardena first. Space providers can offer directly to Space Occupiers. Continue reading “SnapSpace in Beta”
Digital Transformation Of The Industrial Broker
Here is the reading/resource list for the session in Austin entitled, Digital Transformation Of The Industrial Broker
reading list
Industrial Building Portfolios – In Heavy Demand
Industrial Building Portfolios, $50MM and greater, are where the action is today. Institutional investors need scale and the only place to find it, as far as industrial, is in the portfolios of National Operating Companies and Private Partnerships. Institutional Investors stand between the real estate and fixed obligations to satisfy pension, insurance, and retirement plans. It’s major financial plumbing and as the obligations grow so does the need for product. Roll ups, a familiar consolidation vehicle in corporate America, is now the preferred way for large real estate investors to buy. Unknown to many, national industrial building ownership is consolidating and almost all local developers/investors sell into these relatively few pools as a final exit.
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