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Hannah Miet

Hannah Miet is a freelance writer and commercial real estate content marketer based in Los Angeles. She launched the L.A. bureau of The Real Deal as its founding editor and led real estate coverage at the Los Angeles Business Journal. Her feature writing has appeared in Newsweek and The New York Times.

“Investors are increasingly looking at airports as lucrative opportunities,” said Steve Forrer, chief investment officer at Aviation Facilities Management Company. “When you position an airport development correctly, it can draw in a wide range of businesses, from tech startups to established global firms,” he said.
Conversions of office buildings for residential uses are becoming increasingly viable in some regions. According to Steven Paynter, a principal at Gensler who leads the firm’s global building transformation and adaptive use practice, office-to-residential conversions are viable in 25–30 percent of the buildings his team analyzes.
On Wednesday, during the ULI Fall Meeting’s final day at Resorts World Las Vegas, a panel of commercial real estate experts gathered onstage in the Resorts World Theater to forecast the industry’s trajectory through 2026.
Las Vegas, the driest major metropolitan area in the U.S., exemplifies the challenges of urban water management in arid regions, according to Colby Pellegrino, deputy general manager of resources for the Southern Nevada Water Authority (SNWA), the local water provider for the greater Clark County area, which serves about 2.3 million residents and 41 million annual visitors.
Developers and hyperscalers apply myriad solutions to meet climate goals
Las Vegas is unlike any other place in America. Each year it draws more than 40 million visitors to the dazzling casinos and hotels that “turn night into daytime”—and transform the city into a glittering jewel in the desert. With 164,000 hotel rooms, Las Vegas is the largest hospitality market in the U.S.—outpacing Orlando, Florida, the next biggest market, by approximately 15 percent, according to JLL.
A one-two punch is hitting condo owners and associations in Florida, forcing some to sell to cash buyers at massive discounts or risk foreclosure. The setback could have national implications.
In May, Barry Sternlicht capped investors’ ability to exit his $10 billion real estate fund—a strategic move to avoid a fire sale of properties at a less-than-ideal time. Sternlicht lowered the limit on monthly withdrawals from Starwood Real Estate Income Trust (SREIT). That limit, previously 2 percent, went to 0.33 percent of net asset value (NAV), the value of SREIT’s assets minus its debt.
A new wave of mid-career commercial real estate entrepreneurs is capitalizing on what some call “once-in-a-generation” opportunities to invest in distressed or otherwise discounted properties in today’s market—especially in the office sector. Nationwide, there’s been an uptick in new investment firms started by development and investment professionals with 10–25 years of industry experience—some of whom left major firms to do so. These firms aim to buy cheap offices and reposition them through leasing, capital improvements, or conversions to apartments.
The current hype around artificial intelligence (AI) has many in the real estate industry dreaming about harnessing it to assist with investment decisions. But there’s a giant stumbling block: too much bad data.
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