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Commercial Real Estate & Business News – September 11, 2017

Ultra-high net worth (HNW) investors and family offices remain challenged to achieve acceptable risk-adjusted returns amid the current robust economic cycle. U.S. commercial property prices have broadly surpassed the previous peak, impacting yields on core, core plus and value-add assets, especially in primary markets. …»

Homeownership rates have been dropping in the past decade, and not just for millennials. How would a potential uptick-as some are predicting-affect the multifamily market? “A rebound in the homeownership rate has long been a popular hope in the marketplace-and not a fact-based prediction or honest assessment of the data,” “Without very focused fiscal initiatives aimed at boosting homeownership, a material increase seems unlikely.” …»
The robot was perched over a bin filled with random objects, from a box of instant oatmeal to a small toy shark. This two-armed automaton did not recognize any of this stuff, but that did not matter. It reached into the pile and started picking things up, one after another after another. “It figures out the best way to grab each object, right from the middle of the clutter,” …»
Phoenix Children’s Hospital will soon open a $40 million addition to its emergency department and Level 1 pediatric trauma center at its main campus. The additions, set to open to the public Sept. 20, have more than doubled the trauma center and emergency department’s size, according to a Phoenix Children’s Hospital press release. Originally, the department occupied 18,600 square feet. The area has expanded to 42,302 square feet, hospital officials said. …»

Real estate continues to be viewed as an attractive alternative asset class by global institutional investors, and they plan to funnel more money into the sector over the next 12 months, according to a recent report from London-based research firm Preqin. According to research conducted by Preqin in June 2017, 95 percent of surveyed institutional investors indicated that their real estate investments met or surpassed their expectations over the past year. As a result, 73 percent of survey respondents plan to maintain their current level …»