• Blog
  • Retail
  • This Week in CRE: Three Catalysts Driving Transformation

This Week in CRE: Three Catalysts Driving Transformation

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Share on print

Last week, the 30th edition of MIPIM and the third annual “City of Tomorrow” summit brought key players together to discuss how CRE is engaging the future. The two industry conferences covered topics like technology, shifts in human behavior and environmental changes. These are three leading factors driving the CRE landscape and decision making of industry professionals.

The news this week followed the conferences’ forward-thinking theme with headlines covering social and environmental factors that are changing the nature of commercial real estate. Here’s a roundup of some of those agents of change and the commercial real estate trends they’re sculpting:

#1 Millennials reshape traditional living arrangements

In our last CRE roundup, we mentioned WeWork landing the biggest CRE financing deal in Manhattan and listed some of the coworking companies that are finding success in U.S. cities. The boom of shared work spaces shows that today’s young professionals are not interested in cubicles and a stifled work environment, so it should be no surprise that young people are thinking outside of traditional ways of living too.

Coliving is a new trend where residents with common interests and values share a living space and are encouraged to interact and work together. Just this week, developer Property Markets Group landed a $30M loan to open another high-end coliving space in Chicago. In New York City, Tishman Speyer and Common launched a new family-focused coliving concept called Kin to attract young, upper-class families.

Why are shared accommodations on the rise? The values of Millennials. Millennials are attracted to coliving because they provide benefits that are important to them like sense of community, less financial burden and all-included amenities. 

#2 Climate change increases demand for sustainable infrastructure

New York City’s Mayor Bill de Blasio announced plans to combat the effects of climate change on lower Manhattan. The Lower Manhattan Climate Resilience Study found that by 2050, 37 percent of properties in Lower Manhattan will be at risk from storm surge. The $10 billion plan will expand the section of the city that houses hundreds of thousands of residents into the East River. New development projects might be considered.

With the threat of climate change, urban areas will roll out more policies to go green and commercial real estate developers will build for sustainability and a resilient future.

#3 New consumer behavior redefines retail in urban areas

E-commerce has forever changed the way consumers shop. So far this year retailers shut down 23% more stores than they did at the start of 2018, according to Coresight Research, and this week, Forbes stated over 4,300 stores have been earmarked for closure in the U.S.

At last week’s “City of Tomorrow” summit, traditional players and disruptors in the CRE space came together to discuss the shift in consumer behavior and its effect on the retail sector. Disruptors like Appear Here and Showfield, believe that brick-and-mortar locations are still important, but companies will have to rethink their strategy around physical spaces.

Appear Here helps online brands secure pop-up leases to drive their web presence. After opening, these pop-ups generate an increase in web traffic of about 45 percent according to Appear Here’s Josh Yentob.

But what about traditional retailers? They’re transforming their stores into experiential spaces. Businesses like Rapha and Canada Goose are building in-store experiences that foster a sense of community (similar to coliving) and keep consumers in the store longer.

Even hospitality, a sector fundamentally grounded on creating experiences, is undergoing transformation to meet the demand for a better customer experience through amenities, technology and a community-centric focus.

See how these changes have affected lending in the hospitality segment. Download our report to learn more about U.S. hospitality trends and lenders.

Related stories:

CRE Roundup: Coworking’s Big Month, Hospitality Segment’s Sluggish Start, Retail Stabilizes

Hospitality Segment Signaling Slowdown

Spotlight on Salt Lake City: CRE Lending Up in the ‘Newest Tech Hub’

Close Menu

Request a demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.







Request a demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.







Find out how our data can help you discover more lending opportunities.
Speak with a CredifX representative today.





INCREASE YOUR LENDING OPPORTUNITIES. SPEAK WITH A CREDIFX REPRESENTATIVE TODAY.





SUBMIT YOUR REQUEST FOR COMMERCIAL REAL ESTATE FINANCING


Find out how our data can help you discover more lending opportunities.
Speak with a CredifX representative today.





SUBMIT YOUR REQUEST FOR COMMERCIAL REAL ESTATE FINANCING





SUBMIT YOUR REQUEST FOR COMMERCIAL REAL ESTATE FINANCING


SUBMIT YOUR REQUEST FOR COMMERCIAL REAL ESTATE FINANCING


Mary Kovac Goldberg (Parrino)

Head of Customer Success

Mary has over 25 years of experience in sales and customer engagement, including more than a decade at Thomson Reuters. She is the former head of client services at Complinet, a global compliance and risk software company that was acquired by Thomson Reuters, and led account management for over 15 years at NYSE/Sector’s outsourcing services division. Mary has an MBA in information systems from Pace University and a bachelor’s of science in computer science from Hofstra University.  

David Libman

Head of Product

David Libman, a fintech and investment professional with 20 years’ experience in fields including finance, technology, new business development and real estate investments, is head of product at CrediFi. Previously, David was a vice president at New York-based iCapital Network, a financial technology platform for alternative investments, and director of acquisitions at Fieldstone Properties, a private real estate investment firm focused on investment-grade multifamily property. David is also the founder and former CEO of Globerex, the first real estate equity online marketplace.  

book your personalized
cre data consult today.

Gain access to CRE finance data.



















Request a CrediFi
demo today.

Gain access to CRE finance data.


















Request a credifi demo today.

Find out how CrediFi brings together cutting-edge technology and data science to develop the most comprehensive CRE financing database






SUBMIT YOUR REQUEST FOR COMMERCIAL REAL ESTATE FINANCING


Request a demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.







Book your personalized
CRE data consult today.

Gain access to CRE finance data on 6M properties & 4M loans.





Book your personalized
CRE data consult today.

Gain access to CRE finance data.


















Request a CrediFi demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.



















Request a CrediFi demo today.

Find out how you can increase your deal flow with access to the most comprehensive CRE financing database.



















Request a CrediFi demo today.

Find out how you can spot risk early to make more informed trading decisions.



















Request a CrediFi demo today.

Find out how you can discover more lending opportunities with access to the most comprehensive CRE financing database.



















Book your personalized
CRE data consult today.

Gain access to CRE finance data.


















Request a CrediFi demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.







Request a CrediFi demo today.

Find out how you can discover more opportunities with access to the most comprehensive CRE financing database.



















Discover new opportunities.
Speak with a CredifX representative today.





Increase your lending opportunities.
Speak with a CredifX representative today.





Demo our up-to-date
ownership & contact
information.





We track finance data
on all U.S. markets.
Which market's CRE data
would you like to demo?





We track over
10,000 CRE lenders.
What data would
you like to demo?





Request a CrediFi
demo today.

Gain access to CRE finance data on 6M properties & 4M loans.





Request a CrediFi
demo today.

Gain access to CRE finance data on 6M properties & 4M loans.





Find the lenders who
give you the best terms –
not just the ones you
already know.

Gain access to CRE finance data on 6M properties & 4M loans.





Secure the financing
you need.





Request a CrediFi
demo today.

Gain access to CRE finance data on 6M properties & 4M loans.





Book your personalized
CRE data consult today.

Gain access to CRE finance data on 6M properties & 4M loans.





View Madison Realty
Capital's lending profile,
documenting recent loan,
owner and property information.





How would you like
your CRE data
delivered?





Demo our up-to-date
lender, owner & contact
information.





Demo our up-to-date loan,
ownership & contact
information.





Book your personalized
CRE data consult today.

Gain access to CRE finance data on 6M properties & 4M loans.





Request a CrediFi
demo today.

Gain access to CRE finance data on 6M properties & 4M loans.





Book your personalized
CRE data consult today.

Gain access to CRE finance data on 6M properties & 4M loans.





Alex Veksler

Head of Content

Alex Veksler has 16 years of finance, data analysis and project management experience. He is a former vice president at Morgan Stanley, where he worked on product control of equity and fixed-income derivatives products as well as various projects involving finance and technology, such as revamping risk attribution and balance-sheet systems for profits and losses. Alex has previously worked at hedge funds, most recently as a director at Exigent Capital. He has a bachelor’s in computer science from Yeshiva University and an MBA from New York University.

Ely Razin

CEO

Ely Razin founded CrediFi in 2014 with Battery Ventures. A rare combination of seasoned corporate executive and technology entrepreneur, Ely previously served as global head of board governance for Thomson Reuters Accelus and head of business law for Thomson Reuters, after the software company he founded was acquired in 2004. The company, Expert Ease Software, developed AI-based software that automatically summarizes key deal terms for transactions in fields including capital markets, M&A and real estate. Ely began his career as a corporate and securities lawyer, and holds an LLB and MBA from York University.

Amichai Levy

VP R&D

Amichai Levy is the former VP of R&D at Israeli high-tech firm Payoneer, where he developed its signature cross-border payment platform and integrated it with existing bank technology. In his prior role at Ness Technologies, Amichai was a key player in developing an electronic case filing system for Israel’s courts. He has over 20 years of experience in software engineering.

David Fajgman

Head of Finance

David Fajgman brings over 14 years of financial and managerial experience to CrediFi. Prior to joining the CrediFi team, he served as finance director of Bioness Neuromodulation Ltd., which develops and manufactures medical devices involved in neurological rehabilitation. He has previously worked in multiple finance roles at Thomson Reuters and as an accounting and consulting manager at Ernst & Young, where he was responsible for a wide range of clients, including companies listed on the Nasdaq and privately held high-tech companies. David is an Israel-licensed certified public accountant and has a bachelor’s degree in business and accounting.

Liat Bar David

Head of Human Resources

Liat Bar David has over nine years of human resources experience, primarily focused on the high-tech industry. She is a former HR business partner at semiconductor solutions provider Broadcom, where she was responsible for onboarding processes, benefits, policies, training and development, performance management and employee retention. Liat holds a bachelor’s in communication and human services and a master’s in human resources and services, both from the University of Haifa.