CXRE » Technology

Technology in CRE: Artificial Intelligence

For commercial real estate investors, particularly those investing in Class A properties, analyzing and forecasting future successes or risks used to be dependent on human assessment. However, in recent years, real estate technology has made commercial investing more reliable and less risky. Today, investors use a combination of human evaluation and artificial intelligence to forecast profitable zones and identify lucrative properties. Artificial intelligence (AI) and machine learning (ML) are painting a more accurate picture of the real estate forecast for the next five, ten, or even twenty years.  Real estate technology and artificial intelligence are overtaking human data analysis as the best source of information. Here, we’re examining several ways AI can help you make the most of your commercial real estate investments and protect your portfolio. The Rise of Real Estate Technology: What is Artificial Intelligence? Though it might sound like something straight out of a science-fiction novel, artificial intelligence impacts many facets of […]

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5 Things You Need to Know Before Buying a Texas Storage Unit Development

In 1964, Russ Williams and his stepson Bob Munn built the first self-storage facility with garage-style doors in Odessa, Texas. Over the years, self-storage facilities have cropped up all over the nation. Currently, self-storage is a multi-billion dollar industry, bringing in $38 billion in annual revenue. Almost 10 percent of all American households rents a self-storage unit and spends an average of $91 a month on their rent. In the United States, there is 2.3 billion square feet total of rentable self-storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) in the US. These commercial real estate developments can be money-making properties. Or they can be money pits. To help you make a wise choice when purchasing a self-storage development in Texas, here are some things you need to know: Adequate Population and Income to Support the Facility […]

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How to take back a nasty email

If you’ve ever wanted to know how to properly dodge a bullet or wrestle free from an alligator then you could do a lot worse than pick up an instant classic, The Worst-Case Scenario Survival Handbook. Through a mix of diagrams and real tips sourced by Navy SEALS, stuntmen, and other authorities, the book manages to be straightforward while talking you though some unlikely and absurd situations, and that’s what makes it funny. Decidedly unfunny, however, is that moment when you realize that you just sent an angry email in haste or have sent a message to the wrong person.  If you’ve ever found yourself in this situation, you know that nothing quite matches the chill and the horror that comes over you, making you wish you could instead wrestle an alligator or dodge that bullet. Speaking of dodging a bullet, the Worst-Case book has spawned sequels as well as a highly entertaining Worst-Case Scenarios […]

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Need a parking spot? There’s an app for that.

Imagine if instead of endlessly circling the block looking for a parking spot, you could somehow search for a space online, find one, and pay five bucks to secure it. That’s the idea behind StreetParkNYC, a Web app that entrepreneur Rufus Davis launched a few weeks ago. It works like this: A parking spot seeker enters an address for the neighborhood in which he’s seeking a space as well as the time he’d like to find one; the program then returns search results showing fellow motorists who have let Streetparknyc.com know of their intent to vacate their parking spots around the time you hope to get one.  If your search comes back with no hits, the app will ask you if you want to be more flexible about where and when you hope to park. If the spot seeker does find a match, he agrees to pay $5 for the coordinates of the space; the […]

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Packaging powered by magic mushrooms

Remember those annoying and environmentally incorrect Styrofoam peanuts that would messily tumble out of gadget-packed boxes? It was only a matter of time before packing material got less annoying as well as more sustainable. And while you won’t find packaging made from actual peanuts, what would you say to mushroom roots? That’s one of the key ingredients behind EcoCradle. Well, mushroom root is the layperson’s term – it’s fungal mycelium, actually, that’s allowed to grow for about 5-10 days among agricultural waste products like rice hulls and cotton gin trash. The end result, according to Ecocradle inventors Eben Bayer and Gavin McIntyre is “all-natural, rigid material…with similar material properties and cost as synthetic foams like expanded polystyrene,” better known as our old friend Styrofoam. Like many inventions, EcoCradle came about somewhat serendipitously. Bayer and McIntyre were “fascinated by mushrooms growing on wood chips, and observing how the fungal mycelium strongly bonded the wood chips together” […]

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