In this episode, Steve Hamoen explores AI's transformative role in commercial real estate, focusing on property valuations, sustainable development, and construction efficiency. Insights from CoreLogic, Reonomy, and CoStar highlight market shifts and data analytics. Steve discusses trends in office and warehouse spaces, particularly in the Chicago suburbs and Canada, and reviews Starwood's acquisition in Phoenix. He analyzes South Florida's office investment market and covers NAI Merin Hunter Codman's strategies and a significant industrial portfolio sale in West Park, Florida. The episode concludes with Steve's closing remarks and gratitude to listeners.
(0:00) Introduction to AI in commercial real estate and its multifaceted impact
(1:17) CoreLogic, Reonomy, and leveraging AI for property valuations and investment opportunities
(2:21) AI in sustainable development, project management, and construction efficiency
(4:39) Market shifts and data analytics in CRE with CoStar
(5:29) Office space trends and warehouse development insights
(7:18) Warehouse development trends in Chicago suburbs and Canada
(8:05) Starwood's strategic acquisition and the Phoenix CRE landscape
(9:57) South Florida's office investment market dynamics
(11:50) NAI Merin Hunter Codman's strategies and office market demand
(13:33) Industrial portfolio sale in West Park, Florida and investor interest
(15:41) Closing remarks and thank you