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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.

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.
Under the leadership of Chief Investment Officer Wes Fuller, Greystar, a vertically integrated real estate firm that owns, operates, and develops multifamily, student, and senior housing, began investing in international markets in 2013, including in Europe, Asia, and South America. The company’s robust institutional investment management platform now has a global presence in 249 markets.
Since assuming office in 2018, Assessor Fritz Kaegi has overseen the assessment of all residential and commercial properties in Cook County, the region in northeastern Illinois that includes Chicago.
For months, if not years, panic-inducing headlines have lamented the existential crisis facing the U.S. office market as a “wall of maturities” looms: $2.2 trillion of commercial real estate debt coming due between now and the end of 2027, according to Trepp estimates.
China’s attempts over the last three years to deflate its debt-ridden real estate bubble have had proportionately dire economic consequences, said panelists at the 2023 ULI Fall Meeting in Los Angeles.
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