Technology

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Commercial real estate has grown into a multi-trillion-dollar industry, largely without the benefit of purpose-built software or other tools designed to address its specific pain points. Today, however, its major players are steadily converting to a new way of doing business.

The firm closed $1 trillion of the milestone in the last five years alone, and credits technology for the accelerated growth in deal volume.

“A rapidly growing job base, increasing household income, and strong demand for quality apartments were all compelling reasons for developing this very well-positioned community," says Austin Knapp of Middleburg.

The virtual reality content creation tool will help showcase the developers 20 million square-foot portfolio.

“Guardian had outgrown its existing premises and the 171 17th space, which could no longer accommodate all of our requirements, was a beneficial sublease solution for both parties,” says Sam Hollis, executive director at Cushman & Wakefield.

If co-working providers were left off the first quarter statistics, the US office market would have contracted.

In this <b>EXCLUSIVE</b>, Zinwave's Scott Willis discusses how connectivity demand impacts CRE as today's workforce prefers using personal devices over methods that keep them tethered to desks.