Stay in the Loop With These 5 Must Reads From September
Welcome back to LoopedIn — a monthly recap of the most noteworthy articles on commercial real estate trends, projects and market insights to help you navigate the industry and stay in the loop.
September was all about the alternative possibilities and paths that commercial real estate ownership can take. In our latest ‘My First CRE Investment,’ an aspiring investor utilized a Small Business Administration loan to purchase a property for his wife’s dental practice and ended up becoming a landlord in the process. We also investigated how to buy a distressed commercial property, which can yield significant returns for savvy buyers willing to take on the challenge. And in an inventive way to monetize land near national parks without disrupting it too heavily, AutoCamp is catering to a niche market of “glampers” with its airstream trailer rentals and highly-amenitized camping grounds.
We also traveled to the CREtech conference in New York earlier this month to learn about how new technologies are impacting the real estate industry — particularly AI, which dominated discussions at this year’s event. Check out the biggest takeaways from our editor on the ground.?
September's Top 5 Must Reads
Thought leaders at the 2023 CREtech conference were discussing AI “like it's the internet in 1997,” said our LoopNet editor who attended the event last week in New York City. With discussions centering around AI, technologies for sustainability and apps for a digitally seamless office user experience, the conference’s resounding themes have significant implications for the real estate industry.
In a market where interest rates remain high and prices have yet to fall, there’s at least one way real estate investors can buy a property at the right price in this cycle: distressed sales. A broker walked us through where to find distressed assets and how to acquire them.
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My First CRE Investment: An SBA Loan Helped Turn a Dentist and Her Husband Into Commercial Landlords
Steve Hodges wanted to become a real estate investor, and his wife needed a new facility for her growing dental practice. With the help of a Small Business Administration loan, a vacant lot in Texas became Hodges’ first commercial real estate acquisition, though not his last. He told us about the experience for our latest My First CRE Investment story.
Many people like to experience the great outdoors — but only to an extent. AutoCamp is combining camping scenery near national parks with modern luxuries, like air-conditioned cabins, custom-designed airstream trailers, a luxurious communal clubhouse and resort-style amenities like pools and yoga classes with this “glamping” hospitality alternative.
Whether you’re a tenant or prospective investor, being able to recognize if an office property is well-managed or not is critical. We spoke with a property manager from Cushman & Wakefield who oversees the largest office property management portfolio in New York City about what to look for.
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