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Blog - Page 3 of 43 - The Ivy Group

In major shift, S.F. real estate brokerage says goodbye to its agents in favor of AI

By Ted Andersen – Digital Editor, San Francisco Business Times Jun 12, 2024 Updated Jun 12, 2024 1:08pm PDT In a major shift, San Francisco-based Avenue 8 said it’s shutting down the residential real estate brokerage side of its business in favor of selling its AI-powered real estate assistant Sidekick. The company on Tuesday announced the “strategic realignment” […]

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The Wealthy 1000: Where the money lives

By Joanne Drilling – National Data Reporter, The Business Journals Jun 5, 2024 New York City stands alone when it comes to wealth. That’s according to The Business Journals Wealthy 1000, a new ranking of the nation’s wealthiest ZIP codes based on a weighted formula that looks at a number of wealth metrics. Nine of the top 10 ZIP […]

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Tenants increasingly prioritize debt-free landlords in their search for office space

By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Jun 5, 2024 As billions are set to mature within commercial real estate-backed loans, tenants are putting extra scrutiny on prospective landlords’ financial wherewithal before signing leases. And while a preference for the newest or most-updated office towers that offer a bevy of […]

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Are San Francisco and Silicon Valley’s housing markets overvalued?

By Joanne Drilling – National Data Reporter, The Business Journals Jun 5, 2024 Soaring home prices in the Bay Area are eclipsing the median buying power of local residents at some of the highest levels in the nation. That’s according to data from First American Financial Corp., which found the housing markets in at least half of […]

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Office upfit costs continue to rise but have leveled off from inflation spikes

By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals May 29, 2024 As companies continue to view their office real estate as a recruitment and retention tool, the cost to build out those spaces keeps climbing. That’s according to a recent analysis by Jones Lang LaSalle Inc. (NYSE: JLL), which found the […]

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Mountain View apartment complex sells for north of $100 million

By Hannah Kanik – Reporter, San Francisco Business Times May 28, 2024 A big apartment complex in Mountain View traded hands this month for north of $100 million. South Carolina-based developer Greystar and Los Angeles-based developer Cityview sold a 164-unit apartment complex to Essex Property Trust for $101 million on May 17, property records on file at […]

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UCSF Chancellor Sam Hawgood aims to use AI to ‘de-clog’ health care

By Ron Leuty – Senior Reporter, San Francisco Business Times May 23, 2024 In the $7 billion business that is UCSF Health, Sam Hawgood knows there’s no magic bullet for improving health care. But nearly two years into an effort to insert AI where it can, the University of California, San Francisco, chancellor is seeing […]

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How small businesses are approaching real estate

By Joanne Drilling – National Data Reporter, The Business Journals May 2, 2024 Updated May 3, 2024 10:56am PDT How would you describe your future plans for your leased office space? Of your employees who were not working remotely prior to March 2020, how many days per week are those employees currently in the office now? Five days […]

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Industrial vacancies are rising, but one heavyweight’s activity could signal a reversal

By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals May 8, 2024 Updated May 8, 2024 11:25am PDT The U.S. industrial market appears to have normalized after an unsustainable clip of growth during the pandemic and may find its post-pandemic bottom this year, as supply continues to outpace demand in many markets. Amid […]

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Top of the List: Office and R&D Leases in San Jose

By Ahavah Revis – Data Reporter, Silicon Valley Business Journal Apr 29, 2024 Updated Apr 29, 2024 10:21am PDT This week’s list of Office and R&D Leases in San Jose accounts for more than 1.6 million square feet signed in 2023. Of the 30 leases ranked, 47% were for a new lease and within the 53% of renewals, […]

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