Santa Monica Apartments Sold for Record Price - Los Angeles Business Journal
Learn about an apartment complex Douglass Emmett purchased for $330 million.
Source: labusinessjournal.com
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Pension Funds Eye Higher CRE Allocations | Wealth Management
With asset managers projecting annual total returns north of 7.0% through 2026, pension funds remain bullish on commercial real estate.
Source: wealthmanagement.com
Why proptech and real estate can't get enough of SPACs
Samantha Lee/Insider SPACs are taking real-estate tech companies public, and real-estate companies are raising SPACs. It's partly timing: Proptech companies are maturing at the same time as the SPAC boom. VCs said proptech, which brings new business models to an ancient industry, is well suited to SPACs. Between 2020 and 2021, almost 500 special purpose acquisition companies were filed. In 2019, there were only 59. This tidal wave is due to a combination of low interest rates, big public-market valuations, and large financial incentives for ...
Source: businessinsider.com