Tenant

More Than 80% of Office Landlords Witness Uptick in Lease Renewals as Enhanced Tenant Experience Becomes the Norm, According to the 2024 VTS Global Landlord Report

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Professional Services, Software, Data Analytics, Data Management, Other Construction & Property, Artificial Intelligence, Traction, Food, Health, VTS, Tenant, Investment, AI, Ecosystem, Property management

The report is a result of a survey commissioned by VTS from an independent market research firm surveying today’s landlords from across the globe on their priorities and challenges in 2024.

Key Points: 
  • The report is a result of a survey commissioned by VTS from an independent market research firm surveying today’s landlords from across the globe on their priorities and challenges in 2024.
  • The report shows that landlords are prioritizing the improvement of tenant experiences to drive retention of current tenants as opposed to leasing vacant space in 2024.
  • According to the latest VTS Office Demand Index (VODI) , national demand for office space marked its sixth consecutive month of annual growth, and VTS’ 2024 Global Workplace Report showed that 62% of companies are executing a hybrid work strategy, which both indicate a slow but steady recovery for the office market.
  • However, the market remains fragile, and landlords have therefore shifted their focus to tenant retention and lease renewals, with technology being a top asset, followed by outdoor communal areas, and property operations.

ViVO Real Estate Group Charts New Course, Announces New Strategic Partnership and Acquisition

Retrieved on: 
Thursday, April 4, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Bank of America, CCIM, Growth, Partnership, Knowledge, Bank, Tenant, CRE, Acquisition, Vivo, University, Senior, MBA, American City Business Journals, Florida International University, HSBC, Multimedia, Wells Fargo, Management

Additionally, ViVO has acquired boutique full-service brokerage firm JACOG Advisors led by Francisco Giron, MBA, CCIM, introducing a new step for ViVO into the capital markets side of the business.

Key Points: 
  • Additionally, ViVO has acquired boutique full-service brokerage firm JACOG Advisors led by Francisco Giron, MBA, CCIM, introducing a new step for ViVO into the capital markets side of the business.
  • The strategic shift, recent acquisition and new partnership have been in the works since January as ViVO’s leadership team looked to position itself to capitalize on the surge of new construction in the region.
  • His impressive track record in commercial brokerage and strategic advisory roles has solidified his reputation as a leading expert in South Florida's real estate market.
  • This strategic alignment aims to bolster ViVO's market position, ensuring the delivery of comprehensive and sophisticated real estate solutions to meet the evolving needs of its clientele.

Building Engines Chooses SharpLaunch as Exclusive Provider of CRE Marketing Functionality for Prism

Retrieved on: 
Wednesday, April 3, 2024
Marketing, Digital Marketing, Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Partnership, PMT, NOI, Prism, Tenant, Growth, CRE

This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).

Key Points: 
  • This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).
  • “The Building Engines Prism solution is recognized throughout the CRE industry as the leading building operations platform,” said Bob Samii, CEO of SharpLaunch.
  • “We are thrilled that Building Engines chose SharpLaunch to be the sole provider of CRE marketing functionality for Prism.
  • SharpLaunch is committed to helping Building Engines customers unlock new opportunities for growth and differentiation in an increasingly competitive landscape.”
    “Today’s CRE landscape demands marketing solutions that can keep pace with industry trends and deliver measurable results,” stated Daniel Russo, President of JLLT Property Management Technology (PMT).

Paramount Earns 2024 ENERGY STAR® Partner of the Year Award

Retrieved on: 
Monday, April 1, 2024
Other Energy, Utilities, Alternative Energy, Commercial Building & Real Estate, Energy, Construction & Property, REIT, Organization, Paramount Group, Recognition, Paramount, Tenant, STAR, EPA, Partner, Risk management

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
  • Paramount was honored among a select group of organizations for the company’s contributions to energy efficiency and the transition to a clean energy economy.
  • This year, Paramount achieved ENERGY STAR labels across 100% of its office portfolio, spanning 11.3 million square feet.
  • The company’s longstanding commitment to ENERGY STAR has yielded over 165 ENERGY STAR labels historically.

MMM Expands Client-Focused AI Practice, Creating Multi-Practice Group

Retrieved on: 
Thursday, March 28, 2024
Technology, Legal, Professional Services, Artificial Intelligence, Synthetic media, Real estate, Manning, Financial services, Employment, Tenant, AI, Insurance, Housing, Intellectual property, MMM, Private law, Government, Artificial intelligence, Generative, Legislation, Medical device

Morris, Manning & Martin is expanding its Artificial Intelligence (AI) Practice to provide cross-functional services for clients across the firm’s key service areas.

Key Points: 
  • Morris, Manning & Martin is expanding its Artificial Intelligence (AI) Practice to provide cross-functional services for clients across the firm’s key service areas.
  • “AI is developing faster than the law can respond,” said John Yates, a pioneer in technology law and chair of MMM’s Corporate Technology Practice.
  • MMM’s Artificial Intelligence Practice Group covers the impact of AI in all of these legal areas and more.
  • Within MMM, the firm is analyzing ways AI will improve efficiency and consistency in delivering legal services.

American Strategic Investment Co. Announces Fourth Quarter 2023 Results

Retrieved on: 
Monday, April 1, 2024
Commercial Building & Real Estate, Construction & Property, ASIC, Webcast, Internet, Tenant, Software, Depreciation, Probability, Security (finance)

The Company’s portfolio consisted of seven properties and comprised 1.2 million rentable square feet as of December 31, 2023.

Key Points: 
  • The Company’s portfolio consisted of seven properties and comprised 1.2 million rentable square feet as of December 31, 2023.
  • Portfolio metrics include:
    87% leased, compared to 83% at the end of fourth quarter 2022, with 6.5 years remaining weighted-average lease term
    As of December 31, 2023, the Company had $5.3 million of cash and cash equivalents(5).
  • As used herein, investment grade includes both actual investment grade ratings of the tenant or guarantor, if available, or implied investment grade.
  • Top 10 tenants are 59% actual investment grade rated and 20% implied investment grade rated.

RealPage Announces New Products to Attack Rental Fraud

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Security, Data Analytics, Technology, Residential Building & Real Estate, Software, Construction & Property, GM, Risk management, Risk, Partnership, Tenant, AI, Fraud, ID, Machine learning, UI

The two solutions, RealPage Identity Verification – Premium and RealPage Income Verification, offer better protection and are seamlessly integrated into the existing leasing process, making adoption easier for staff and more efficient for applicants.

Key Points: 
  • The two solutions, RealPage Identity Verification – Premium and RealPage Income Verification, offer better protection and are seamlessly integrated into the existing leasing process, making adoption easier for staff and more efficient for applicants.
  • RealPage recently announced results from its extensive fraud study that sheds light on the impact of fraud today, its increasing complexity and the need for solutions to detect fraud earlier in the leasing process.
  • “Our nationwide study revealed that often over half of rental fraud is discovered after a resident moves in, which leaves the property vulnerable to extensive damage,” said Josh Albrechtsen, RealPage SVP and GM, Front Office Solutions.
  • RealPage Identity Verification – Premium and RealPage Income Verification will be available in Q2 2024.

N-able Collaborates with Microsoft to Maximize the Cloud for MSPs with N-able Cloud Commander

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Data Management, Security, Technology, Human Resources, Software, Networks, Cloud, Online, Microsoft, Automation, Microsoft Windows, MFA, BitLocker, SharePoint, NABL, Business, OneDrive, Research, Tenant, Defender, SME, Multimedia, Video game

The Microsoft cloud continues to grow at a fast pace and remains a critical element for businesses worldwide.

Key Points: 
  • The Microsoft cloud continues to grow at a fast pace and remains a critical element for businesses worldwide.
  • Cloud Commander also grants MSPs with the ability to set least privileged access for their team enabling them to help keep their staff and clients secure.
  • With Cloud Commander, MSPs can now manage, secure, standardize and automate Microsoft 365, Azure, Intune and up next, Windows 365, all from a single view.
  • “N-able’s support for Windows 365 will allow MSPs to provide their customers with access to a familiar, secure, and persistent Windows experience managed with other Microsoft services via the Cloud Commander console.”

Sky Harbour Group Corporation Announces its 2023 Financial Results; Updates on New Ground Leases, Construction and Hangar Leasing; Injects Equity into Obligated Group and Files Various Registration Statements with SEC

Retrieved on: 
Wednesday, March 27, 2024
Air, Transport, Transportation, Commercial Building & Real Estate, Construction & Property, Travel, SGR, MSRB, Orlando Executive Airport, SH34, Form, Webcast, City, Tenant, Aviation, Acquisition, MetroCentre, ADS, Form S-3, DVT, Silicon, GDP, PIPE, BNA, SJC, Obligation, Airport, APA, Economics, San Jose International Airport, OPF

New ground lease at SJC, encompassing an existing hangar facility to be made operational over the coming several weeks, and land for additional future development.

Key Points: 
  • New ground lease at SJC, encompassing an existing hangar facility to be made operational over the coming several weeks, and land for additional future development.
  • New ground lease at ORL, with expected construction commencement in Q2 2025.
  • Construction of Phases 1 in Denver, Phoenix, and Dallas delayed by 3-4 months, with an estimated $26 - $28 million non-recurring remediation cost.
  • We are now gearing up to perform at scale.”
    Sky Harbour will host a live conference call and concurrent webcast at 5 p.m.

Avangrid Submits Multiple Proposals for Transformative New England Wind Projects to Regional Offshore Wind Solicitation

Retrieved on: 
Wednesday, March 27, 2024
Environmental Policy, Utilities, Sustainability, Environmental Health, Alternative Energy, Energy, State, Local, Environment, Labor, Green Technology, Climate Change, Public Policy, Government, Biophysical environment, Davit, Climate, Salem Harbor, City, Wind, Carbon, RFP, Commerce, EJ, Vineyard, Project, Partnership, BGS, Education, ROD, Bureau, Tenant, Economic development, Project Labor Agreement, Workforce, Primary energy, Greater Bridgeport, Hand, Commonwealth, Electricity, OIC, Climate change, Organization, COP, Large, Brayton Point Power Station, Student, Climate change mitigation, SOV, Family, Economics, Port, Chamber, PLA, MOU, Construction, Natural Resources, Crowley Maritime, BPS, Edison Chouest Offshore, Town, Flood, Diversity, Environmental justice, Heart, Salem Port, Geography, AGR, Multimedia, Renewable energy

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.
  • Avangrid submitted a bid for New England Wind 1, a second bid for New England Wind 1 and 2 combined, and additional bids for single-state procurements in Massachusetts, Connecticut, and Rhode Island.
  • “In powering up the first-in-the-nation Vineyard Wind 1 project, Avangrid proved that American offshore wind is possible.
  • New England Wind 1 will create more than 4,400 full-time equivalent jobs, and bring $3 billion of direct investment to the region.