Sandy Mazza Nashville Tennessean Published 11:46 p.m. UTC Aug 1, 2018 Flower beds frame the front door of a freshly renovated mint-green home for sale on a quiet West Nashville street. New granite countertops, stainless steel appliances and wood flooring brighten the interior. But beyond its facade, the Leslie Avenue fix-and-flip venture near the trendy Nations neighborhood is anything but ordinary. California cryptocurrency firm Property Coin bought the property earlier this year and will devote sale profits to boosting the value of its brand of digital cash. Tech-enhanced real estate deals It's one of a growing number of competing technology-based ventures flooding Nashville's real estate market with millions of dollars. "Our business is something people haven't seen before," said Andrew Jewett, co-CEO of Property Coin. "We are buying homes in both cash and cryptocurrencies. We love … [Read more...] about Nashville real estate snatched up by cryptocurrency and crowdfunded ventures
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We took a tour through Mark Zuckerberg's impressive network of pricey properties, from Hawaii to San Francisco. There's a lot to like! Claudine Zap, provided by Published 2:45 pm CDT, Monday, July 30, 2018 Photo: Christophe Morin/IP3/Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Christophe Morin/IP3/Getty Images We Poke Into Mark Zuckerberg's Network of Real Estate 1 / 1 Back to Gallery Facebook founder and CEO Mark Zuckerberg has hit a rocky stretch of his tenure as boss of the world's largest social network. After an earnings call in which he warned investments in security and privacy would cut into profitability, bearish investors began shedding their holdings. The massive sell-off caused the tech mogul’s personal wealth to plummet $16 billion in one day. While we’re sure … [Read more...] about We Poke Into Mark Zuckerberg’s Network of Real Estate
1) Build warehouses The price of warehouse space has shot up in the past year as investors have rushed to serve growing demand from e-commerce tenants. The jump in values might normally be a warning sign to buyers, but several investors believe demand will only increase. The city’s most recent report on freight movement projected online shopping will grow 15% annually, compounding the need for distribution hubs to facilitate speedy last-mile deliveries. Estimates peg warehouse vacancy rates at below 5%, and developers are betting on surging demand for new spaces that can better accommodate the increasingly sophisticated equipment retailers use to package and sort goods. Innovo Property Group, for instance, is building a 700,000-square-foot, state-of-the-art distribution complex along the Cross Bronx Expressway. Present industrial rents in the high teens don’t justify the more than $225 million project, but Innovo and other developers are banking on rates that will likely … [Read more...] about 12 ways to make money in real estate
By Susan Gosselin Did you know that Louisville is one of the top 40 legal markets in the nation? According to the Louisville Bar Association, the area boasts a total of 3,200 practicing members of the bar, a thriving community poised to benefit from the latest advances in the city’s economy. While experts at the firms interviewed for this story all said more large companies are hiring in-house counsel, they all agree opportunities are ripe for nimble firms that understand their client’s business to work in tandem with in-house counsel. “Clients are requiring much more from their outside counsel,” said Robert Connolly, firm chair in the Louisville office of Stites & Harbison PLLC. “The firms who succeed in this evolving legal market will be those who understand how to satisfy their clients and surpass expectations. … We’re very bullish on the volume of new matters in 2018.” Advising the city’s builders Many of those new matters … [Read more...] about Real estate, generational shifts, healthcare are some of Louisville’s market drivers
When Zach Aarons and two colleagues launched the real estate tech accelerator Metaprop in 2015, few major landlords were thinking seriously about disruption in their industry, let alone investing money in exploring the possibilities. Three years later the city's proptech sector has exploded, attracting billions of dollars in funding in 2017 alone. "This is no longer fringe stuff that's only talked about by enthusiastic wackos like me," Aarons said. "You walk into every corporate boardroom of every global real estate company and this is one of their major initiatives." Of all the factors that helped create the primordial soup of the local proptech scene—including the meteoric rise of game-changing startups WeWork and Compass—Aarons believes that the most important ingredient was fear. article continues below advertisement The commercial and residential markets have softened in the past two years after establishing new post-recession heights. Profit margins have narrowed, … [Read more...] about Is real estate ripe for disruption?