Virginia Tech coalition plans ‘Reddit for builders,’ a construction digital commons
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Andrew McCoy, interim managing director of the Coalition for Smart Construction at Virginia Tech, says the organization is prioritizing more seats at the table for smaller builders.
External link. Real Estate Trail does not republish source content.
More from the wire
Manor Downs Racetrack Site Becomes Industrial Park
Terry Hale Develops Six-Part Commercial Real Estate Training Series Through 1CRE
The Residency Fills Three Former Academy of Art Dorms With 60 Startup Founders Paying Rent in Cash or Equity
The Residency, a live-work program for startup founders, has filled three former Academy of Art University dorms in Pacific Heights, Van Ness and Lower Nob Hill with roughly 60 entrepreneurs who pay about $2,000 a mon…
UAE Business: JLL named exclusive office leasing partner for 12-storey DIFC tower
Expert DOJO and Harlem Junior Tennis & Education Program Rally Family Offices and Investors at Pre-US Open Pro-Am in New York
Expert DOJO, a global venture capital and emerging markets investor, and the Harlem Junior Tennis & Education Program (HJTEP) brought together more than 200 family office leaders, investors, tennis icons, and communit…
Zoox Leases PGIM’s 354,000 SQFT LogistiCenter in Hayward, More Than Doubling Its Clawiter Road Footprint
Amazon-owned Zoox has taken both buildings at PGIM's LogistiCenter at Highway 92 in Hayward, a 353,653-square-foot commitment that puts three of the robotaxi maker's facilities within a short drive of one another on C…