5 Burst results for "Sierra News Hour"

"sierra newshour" Discussed on Commercial Real Estate News Hour

Commercial Real Estate News Hour

03:37 min | 1 year ago

"sierra newshour" Discussed on Commercial Real Estate News Hour

"Data's going to be a usable source source. But really how best to use that. And how to make sure you're setting up the governance and control structures so that you can you know we've your way through some of the some of the risks are are involved with it. So what are some of the things that Your study recommends that people think about doing to digitize and personalized the tenant experience -periences smart buildings are going to play a role in that. Yeah no doubt about it so You know from a smart building perspective. You know. I think that's a that's a great example of where things are going in heading and and and really were. The expectations are Back to that point we made about. It's no longer location location location. It's location experienced analytics and and that experience as really having an equal weight to the location look locations locations always going to be important but if you have a building that really can Have you know offer the not just the omitted these been on an overall experience a usability adaptability to anybody. Who's WHO's actually you know the end user experience in that particular real estate where nuts retail or office or multifamily even industrial. I mean that's really becoming more important when you look at smart buildings That's really interesting to go along to scale to say we n is the tip. What is the tipping point from? It's no longer going to be a nice to have or even a a An existing feature of that. You're moving into but rather it's an expectation and once again when you break it down geographically You See Across the world that really the The Netherlands in Singapore and some of those areas are really saying that within the next two years that well over fifty percent are gonna be required to do that an interesting contrast to that as the US respondents all believe that that need to occur as well and being in the upper You know high percentages manages well over seventy percent but within five years. So it'll be an interesting question on how to take existing being buildings And really trance begin to to continue to transform those and build. What is becoming an ever changing expectation of end user? Well we'll keep an eye on it and we thank you for taking the time and we'll check back with you when you do the next survey Steve thanks for including me on the Sierra Newshour Jim Berry is the. US real estate leader for Deloitte and Touche. He's headquartered in Dallas Texas and we'll put a link in the show notes to the full survey on the delayed website site We'll be back in a minute Shalom along. This is Rabbi Richard Address. Join us for our podcast..

"sierra newshour" Discussed on Commercial Real Estate News Hour

Commercial Real Estate News Hour

02:36 min | 1 year ago

"sierra newshour" Discussed on Commercial Real Estate News Hour

"Recorded on October eleventh in Voorhees Camden County New Jersey be back with that panel discussion after these messages from our sponsors Turn Your podcasting passion into prophets the book the business of podcasting describes the business side of podcasting including how to become a professional podcast her you'll learn about positioning your clients expertise podcasting to plus the best business models how to find clients and much more visit the business of podcasting dot com today you can't wait for the media to cover your company you have to be the media take advantage of the power of audio and video it's the best way to showcase your expertise to prospective customers let the Luebeck in media companies handle the technical side we're award winning audio and video producers we can help produce podcasts and video programs remotely or in our fully equipped studio in Cherry Hill visit being the media dot Com for more information thanks for joining us on the CR renews our we just like to make note of a new option on the show page for this episode you can Click on the purple take the survey button right below the podcast player and share some information that will help us get to our audience better we'd also appreciate your ordering financial support for the news hour by visiting our Patrie on link and becoming a show supporter you can also leave a tip in the tip jar by clicking the blue red button right in the middle of the podcast episode page and if you're interested in becoming a sponsor of the Sierra Newshour right to me at Steve at St Broadcast News DOT com and we'll send you the rate card for advertising and commercials and now we'll get to our special feature for this week's program this is the Urban Land Institute of Philadelphia you program recorded on October eleventh in Voorhees New Jersey not far from where we produce the Serey Newshour the program mm-hmm was from liability to asset rethinking commercial property and the panelists dealt with some of the Commercial Real Estate Challenges Facing some.

Voorhees Camden County New Jer Patrie Voorhees New Jersey Serey Newshour Cherry Hill Sierra Newshour Urban Land Institute of Philad
"sierra newshour" Discussed on Commercial Real Estate News Hour

Commercial Real Estate News Hour

13:02 min | 1 year ago

"sierra newshour" Discussed on Commercial Real Estate News Hour

"Data data center industry so a slowdown in demand through the first half of two thousand Nineteen Jones Lang Lasalle is out with a global data center mid year report. It says that although demand for space remained robust internationally in twenty eighteen so far in twenty nineteen operators have recorded only two hundred under fifty six megawatts across major markets of absorption. That's down twenty three point eight percent from this point last year. Cloud adoption continues to accelerate the rate globally building off momentum from twenty eighteen the report also notes the majority of development activities occurring in established data center markets as operators around around the world expanded established product joining us to talk about the data center trends is Bo Bond Managing Director and Data Center Solutions Co lead lead four Jones Lang Lasalle. He's one of the authors of the report and we'll put a link to the report in the show notes accompanying this episode of the podcast both thanks for joining us on on the Sierra Newshour. The data center industry has been pumping along but you're now seeing a slowdown in the first half twenty nineteen year report suggests that things are down a bit from where they were last year. Tell us what's going on. And what do you think is behind it. We've seen at blow down down but I think everything's relative. Two Thousand Sixteen was record setting year or something. We've never seen before two thousand seventeen and eighteen extremely strong wrong didn't necessarily meet the sixteen numbers but at the end of eighteen we finished with again just shy sixteen numbers but given incredible numbers. The first first of nineteen has pulled back some and I think some of that is just ebbs and flows of potential you know buying opportunities within maybe the the cloud sector or the enterprise sector. I think also the enterprise the data center developer has deployed heavily their infrastructure out there they have bought land. They have brought building so there is a healthy supply so I think we're gonNA take a little time to absorb that supply and then you know if you look at the public markets you know in two thousand eighteen we returned probably of the big publicly traded reits in in and around. I think the number was roughly sixteen percent eighteen percent return but you get out in front of the first six months of two thousand nineteen and and we've seen numbers in the high twenties so all relative nothing to be overly concerned about. I think we just have an abundance of supply and some and core markets that with some good leasing activity we will eat into that inventory the or the absorption will right themselves and will continue to be the darling of that read industry. One of the things you're suggesting in the report is that most of the data center expansion expansion activity is happening or development activity. I should say is happening in expansion in existing product what's going on. Why are people finding it necessary to expand what are already in a lot of cases very large data centers? Well I think first off you know there's a lot of investment assignment into those platforms right into those data centers and so you know if you if you were to think that the network capacity that was brought in as a big number if you can expand in that footprint so you're not replicating another network. You're not replicating it another deployment well. There's a lot of cost efficiencies and savings is there so if you can expand in that same footprint by potentially taking down additional power that would allow you to deploy additional servers right in maybe in the hire you rack you can gain efficiencies that way but I think conversely we are seeing small deployment globally to be able to affect in fact a bigger network a global network gateway to the cloud so I think the expansions are just coming a little differently maybe than they have over the last couple couple years you talk in the report about recycling being one of the factors that spurring innovation what's happening with servers. Why are they being recycled and what are people spending money on in the new round of investment sure well you know if you were to talk talk to a you know a person that spend their days on the data center floor the equipment on their for those servers typically refresh every three to five years and since you know this data industry data center industry has grown at such a rapid rate there is such an aggregation of servers right that has reached? It's their useful lives in the industry has said Hey we really need to be good partners. We have greening initiatives. We need to be doing the right thing for not only our environment environment but for all also the cost effective model of running our entire platforms and so there we have found that we are finding adding these leftover equipment the equipment that's reached. It's end of useful life. They are really pushing it to a recycling company company and those companies are growing dramatically so that they are placed in the right areas right. We are disposing of that information Asian that equipment those cards properly so that we can check the box that there is no risk and third just for our climate right. We're taking them inboard. You're putting that into the appropriate avenues where we are not being wasteful. What are the things that people are doing with data that are driving the demand? Is it just more of the same only more of it or is it different kinds of data that people need to access and to WHO upload into the cloud well burke the great question I think as you and me as consumers of data we're consuming data more and more right right. Most of us are cutting the cord right. How we stream content video just personally is much greater than it had before the amount of information that we use on handheld devices how we bank how we trade how we look at insurance how we read our medical records all done and the digital fat format all these data transfer and so we as consumers just use data whether we know are not a much greater rate every year and then if you you think about the big Iot Internet of things as we all call it right? I can think about machine learning companies are utilizing that to be able to learn more to bring us consumers to drive business more so that data aggregation again is growing massively and so where's that going you kind of mentioned. There's a lot of that is going to cost effective model where it can go up into the cloud riot people have virtual servers but I think businesses today or looking looking at this information and driving decisions because they have the ability to do more with that information and make more concise decisions uh-huh on how they deploy capital who they market to how they protect data but make no bones about it. The amount of data is growing exponentially exponentially. Is there anything unusual and anything new in terms of data that that you're seeing people wanting to store you know I wouldn't say there's one specific item. That's driving it. I really wouldn't you can't just say it's just you know government regulation. You can't say it's a specific industry health care insurance or financial services. I can't say that we personally have just everybody cut the cord and now now we're streaming net flicks every day. I think it's a general aggregation of content information that driving this consumption of data are there specific areas that developers of data centers look most closely at and I'm talking geographic areas when when they're deciding where to locate a center I know we've seen some stories about how some of the big Google and Amazon data centers they tend to put near inexpensive of hydroelectric power sources and things like that is that still a factor for a lot of these data centers definitely your you know any anyone that would be building a data center whether it is a user or whether it is a multi tenant datacenter developer or you know an operator of sorts that's doing it on a speculative basis basis for their business there obviously building it as cost effective as possible right so the people that build on a SPEC basis they're going to the higher concentrations of markets where the users are deploying and so in the US that clearly northern Virginia because of all the connectivity that comes comes through Northern Virginia and how the cloud providers have all taken down a significant amount of space other major markets. You know where business happens. That's right New York Chicago Dallas for were Northern California Southern California Phoenix big business centers have have been traditionally where these providers have gone and as they started this the aggregation developing more and then you could say on a third category you know the people that the data center is their business where they have the ability to pick it up and put it anywhere in the country or the world and they don't have to be in a specific geographic area they have made those decisions to go to places that were they can find extremely inexpensive power hydropower right at two cents. you know those are are drivers but make no bones about it. There are only a few very big companies that can make those decisions to go in and all of us a fun term here of Cornfield Cornfield in Iowa right to go to you know the great Great Pacific North West you know on the High Desert Plain and access some of that real expensive power. A lot of companies can't necessarily deploy a production data center that far away from business centered centered do digest latency requirements right the the communication between those two points is too far and so that's why you continue to see them really in the major Metros which kind of leads into that other big discussion people talk about which is the edge one of the things. I've also I've seen a lot written about is the the data mining industry the people who were doing bitcoin and other kinds of crypto currencies in some cases taking over existing power generating facilities and turning them into data mining centers. How how do those developments factor into your data center analysis or do they at all is that as sector that you're either starting to watch her have been watching so I we definitely are in tune with that so the cryptocurrency is unique because it doesn't necessarily have the characteristics of a traditional data center it it it almost mimics more of a manufacturing facility of a warehouse of swords? They need a considerable amount of power and they have the ability to go to as you described you know a generation facility. They don't necessarily have that need to be in a major metropolitan area a close to significant connectivity to be able to connect to customers in the world so that's why you see sometimes they are in some of these remote areas they also have a lot more fluctuation and the ability to manage humidity temperature control etc because that that minor that that actual machine that minor might not have some of the sensitivities that away very expensive you know high compute server might have so they are if you were to see some of the mining facilities they might look very a crude or rudimentary and form but that's because of the aspect what's happening on that minor and those are actually you know those does does minors themselves. Are you know somewhat disposable. If one was to go down they just throw another one in there but you just don't have the control systems in in their from a power mechanical safety not necessarily safety security that you would see in a traditional regional data center where you might see you know.

Managing Director and Data Cen Nineteen Jones Lang Lasalle Jones Lang Lasalle developer Bo Bond Cornfield Cornfield US cloud Virginia California Northern Virginia Google Iowa Amazon New York
"sierra newshour" Discussed on Commercial Real Estate News Hour

Commercial Real Estate News Hour

05:21 min | 1 year ago

"sierra newshour" Discussed on Commercial Real Estate News Hour

"Richards written two books on real estate real estate and globalization which explains the impact on western real estate markets of the rise is of emerging markets like china and brazil and the determinants of small firm growth which examines the role of small and medium sized firm play in regenerating eating regional economies richards joining from c._b._r._e.'s new york office richard. Thanks for joining us on the sierra newshour my pleasure steve so you have come out with with the some warnings or cautions about a global slowdown <hes> according to your reporting global commercial real estate investment was about a two hundred thirty one billion dollars in the second quarter and that was up seventeen percent from the previous quarter but it was down about seven and a half percent from the <music> same quarter prior year. What are the concerns you seeing. What do you think accounts for the slow down but i think the slowdown was largely focused. Just the start of the really think then the issue globally was rising u._s. Interest rates <hes> and i think that is very squarely being <hes> taken off the agenda from a bat february both the fed alternates <hes> it's monetary policy guidance and the ten year treasury. I'm starting to full so i think the issues that might have concerned investors at the start of the maybe through january through april <hes> a now no longer on the agenda so with that fall in interest rates. I think we're reasonably positive about capital markets activity in the second half of two thousand nineteen. That's encouraging <hes> last week. We saw the yield curve invert and it rattled the markets. <hes> what are folks telling you this week. Were recording on august nineteenth. What are people saying about. The market's going forward for the rest of this week in this month. Well i think one of the points that we made <hes> in our q. Two reporting with just how strongly into to the office investment had bounced back largely around the the the big gateway cities so if you don't mind me quoting some statistics say quite remarkable paris was out twenty two percent on the same in quarter last year san francisco ninety one percent new york up thirty nine interested tokyo up eighty six percent boston up fifty nine percent los los angeles up twenty five percent bird in eighteen percent so i appreciate that the the overall context investment was down seven point five on q. two but i think the interesting the global gateway cities in very important <hes> and i think people what people are looking at their. It's just extremely robust leasing leasing activity so all the talk about <hes> investment a for all the talk about a global slowdown. <hes> obviously seniors pretty strong so i think that's that's one thing that i'm hearing from investors that <hes> they like the fundamentals in the office sector and of course the other thing that <hes> <hes> we noticed in the queue to statistics is just the apartment investment was up twenty one percent from q two thousand eighteen and <hes> it's just a the the american american multifamily story remains an extremely strong global story <hes> and the fundamentals there are pretty robust as well and i think that's walk walk investors and looking at <hes> so you know we we all sailing into a period of economic uncertainty <hes> but there is <hes> the remains voice has been a very large mind capital talk in real estate and i think the fall in interest interest rates and the likelihood interest rates will stay no longer is actually very positive for real estate investment <hes> in the second half of the year. The resurgence of office investment is interesting because for a long time in the u._s. Office has sort of been on a <hes> <hes> sort of a second tier track. It's not been of as much interest to investors as say multifamily certainly and industrial <hes>. Are you getting any sense ends of what's made sentiment seemed to turn globally in the office market i think it would be this is my own personal opinion. I'm not necessarily that of c._b._r._e. But i think it's a variety of factors i think the continued strength of tech leasing is important. I think the way in which into media operators <hes> re imagining office space as <hes> kind of a much more high immunity unity high productivity space <hes> that companies can use in the war for <hes> i in the war for talent and so i think as well as that i think globally this has been one.

sierra newshour Richards fed china new york brazil c._b._r._e. steve paris los angeles san francisco york two hundred thirty one billion twenty five percent eighty six percent
"sierra newshour" Discussed on Commercial Real Estate News Hour

Commercial Real Estate News Hour

03:02 min | 1 year ago

"sierra newshour" Discussed on Commercial Real Estate News Hour

"And local community banks to to finance acquisitions where i think that the economy as a whole could be at the end of the cycle usually real else they work from cycles and this has been very long good cycle so we'll things usually come to an end that being said for the specific the civic workforce housing strategy that we focus on the data showing that space is better than ever and as a result there's more money looking to be invested in workforce multifamily than there ever was both domestic and international private and institutional national tremendous amount of money looking which was driving pricing up and the reason. There's so much money that wants to be in. This space is because risk adjusted. It's a very very attractive asset. The class it's historically performed much better than any other sector in real estate and the risks are much more minimal because you can control troll how much you spend on renovation and stopped renovating or draft innovation based on your return on investment as we said earlier people we need a roof over their head to live in and the supply demand is imbalanced for something that is affordable to most americans and that is something that many investors realize so. I think that we may be at the end of the cycle. There's always risk with interest rates but i'm personally very bullish and castle and tara is excited to continue acquiring a very disciplined away. What we believe can be the value proposition in the markets markets that we're investing in. We're offering a very good product at a price. There's affordable and attractive compared to the other assets in in the area and it's also non correlated to the market. The stock market pulled apart at the direct. Impact is obviously much west on real estate uh-huh and foreign events which can impact things have less of an impact on multifamily. Elliot's great to catch check with you and get your perspective on the market and the things that you're doing. We thank you for coming on the sierra newshour all right well. I'll leave you with one thing about the red the flag my grandfather wants told me he was my mentor in real estate he once said when times are good people think they'll never get bad and when they're bad they think will never get good so i you know i agree with the tone of your question that we might be the end of the cycle but at the same time we're very confident in this space and believe that risk address it still provides or a very attractive investment return on a good deal is located probably makes sense. Grandfather sounds like a very wise man. We thank you for sharing that with us. Okay thank you for your time. Ellie reader is the founder and chief executive officer of castle and tara properties. You can get more information at kessel..

Elliot founder and chief executive of tara kessel