Four Ways to Take Care of Multifamily Investors

So how should a multifamily company—or, for that matter, any firm in the commercial real estate industry—go about conducting its investor relations?

When you’re an apartment owner and operator, you have several constituencies to take good care of.

First, there are the prospects. Owner/operators spend a considerable amount of time developing marketing campaigns to attract potential residents and training their on-site staff to provide the kinds of tours and customer service that will convince prospects to sign leases.

Click to read more at www.nreionline.com

Hotels To Stay Positive As Tax Law Bolsters Economic Growth

CALABASAS, CA– Marcus & Millichap’s newly released North American Hospitality Investment Forecast predicts occupancy and revenue growth in 2018 as the tight labor market, tax reform and increased consumer spending drive demand. According to Pete Nichols, VP and national director of Hospitality for Marcus & Millichap, the improving fundamentals, combined with the cycle’s durability, should bolster investment activity.

“The coming year holds a particularly compelling outlook for hospitality investors,” Nichols highlights. “The extension of this economic cycle and the stimulative influence of the new tax law have the potential to substantively bolster both business and leisure travel. RevPAR has steadily increased over the past eight years, and though the pace of growth for both metrics has flattened, this is largely a factor of being at record levels.”

Click to read more at www.globest.com

Not Just E-Commerce: How Manufacturing Will Drive The Industrial Property Boom

E-commerce has dominated the headlines as the driver of an industrial property boom and bounteous rent growth. According to Los Angeles-based CBRE, the average industrial lease rate of $7.01 per square foot in the first quarter was not only the highest rate achieved since the brokerage began tracking the metric in 1989, but it also represented a year-over-year increase of 5.9%, which was well above the 12-month average of growth rate of 3.8% going back to the fourth quarter of 2011.

But in no way is e-commerce the only force generating the good times. Traditional warehouse users and third-party logistics companies have also been active in the market, and now manufacturers could be poised to contribute a bigger share to that growth, too.

Click to read more at www.forbes.com

Uber getting plans off the ground for air taxis in Dallas, Los Angeles

A year ago, Uber announced that Dallas would be the test ground for a new ride-hailing service that could allow customers to travel through the skies to work, home or a night out, thousands of feet above congested highways.

The tech company and its local partners have pushed ahead since then to make air taxis a reality. 

On Tuesday, the San Francisco-based company unveiled the latest prototype and design specifications for aircraft manufacturers that build the four-person flying taxis. The flying taxis — called electric vertical take-off and landing aircraft or eVTOLs — would be similar in size to helicopters, but quieter and more energy-efficient. They would be flown by a pilot, powered by an electric battery and available in dense urban areas.

Click to read more at www.dallasnews.com

FC Dallas Considering Developing Land Next To Toyota Stadium

FC Dallas is looking at developing land next to Toyota Stadium in Frisco. The Dallas suburb is seeing significant real estate growth, and FC Dallas President Dan Hunt said, “We own probably around 30 acres of land.” That is part of the 145-acre site where the stadium was developed. Hunt said an initial focus for the land would be establishing a residential academy for young soccer players. 

Click to read more at www.sportsbusinessdaily.com

Walmart Wins Legal Challenge To Build Liquor Stores In Texas

Walmart has won its legal challenge to add liquor stores adjacent to some of its Texas locations, a decision that will overrule current Texas liquor laws. Permits for liquor stores go only to Texas residents under the state’s current alcoholic beverage code. The Texas Package Store Association, which represents liquor stores, has argued a mega-retailer like Walmart selling spirits — in addition to beer and wine — could push mom-and-pop stores out of business.

Read more at: www.bisnow.com