2A — December 14 - 27, 2018 — M id A tlantic
Real Estate Journal
www.marejournal.com
Mid Atlantic Real Estate Journal
Mid Atlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Account Executive ........................................... Steve Kelley Account Executive ............................................. Kim Brunet Account Executive ........................................ Marisol Chase Account Executive .........................................Alyson Parker Senior Editor/Graphic Artist ..........................Karen Vachon Office Manager ...............................................Kerrin Devine Contributing Columnists ................................Riggs Kubiak Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 350 Lincoln St., Suite 1105 Hingham, MA 02043 USPS #22-358 | Vol. 30, Issue 23 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion 781-740-2900 | Fax: 781-740-2929 www.marejournal.com
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Riggs Kubiak
PropTech in 2018, Looking Back and Looking Ahead
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A s we begin to close out the year and plan for 2019, we thought it might be interesting to look back and then, look forward. What is the impact of technol- ogy developed specifically for commercial real estate on our industry, and where will it go from here? CREtech, whose mission is “to connect the commercial real estate and tech sec- tors, bringing a new age of innovation and growth to the industry, collected and shared a mid-year outlook; their assessments describe a landscape that didn’t exist a decade ago. Given rapid de- velopment cycles along with the rate at which commercial real estate and technology continue to evolve, who can imagine what this industry will look like in the next 3-5 years’ time? 2017: Investment in CRE Technology, aka Prop- Tech • In its 2017 annual report, RE:Tech reported that VC
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The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
infusion of capital in the real estate technology was a total of nearly $12.6 billion, “rep- resenting a 92% increase in global investments, the larg- est fiscal year in real estate tech history.” 2018: The Year of Adoption, Right? • In 2018, investments in proptech continued to grow, and those investments are beginning to show dividends. But while many understand the importance of PropTech, less understand how to imple- ment it. • According to KPMG’s Global PropTech Survey, 93% of respondents say they should be engaging with PropTech, but 1/3 of all par- ticipants had a plan in place
for how to do so. 2019:
Identifying What Matters • Essentially, decisionmak- ers will have the final say regarding which technologies are need-to-have versus those which ones are nice-to-have. • Technology experts will determine how to integrate their tech stack to include a robust set of technologies and technology innovators will continue leading the way by solving problems they know are on the horizon because they understand their mar- kets and actively collaborate with partners. Riggs Kubiak is the CEO & co-founder of Honest Build- ings, a project management platform built for real estate owners. spent five years with Winick Realty Group, specializing in retail brokerage and advisory services. Fabrikant is a member of the Real Estate Board of New York (REBNY), and brings his well-earned reputation for honest and integrity to Breslin Realty, where he will continue to focus on landlord and tenant representation. financier of transitional proper- ties; a purchaser of performing, sub- and non-performing debt; and a mezzanine and equity investor. Notable transactions have included a bridge loan se- cured by a mixed-use land site in Bonita Springs, FL and a first mortgage bridge loan to facilitate the acquisition of a Woodbridge. site approved for construction of 355 residential units. In addition, Case final- ized a direct property acquisi- tion of a 16-unit rental building on the Bushwick/Bed-Stuyves- ant border in Brooklyn, NY.
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Cary Fabrikant Cary Fabrikant Joins Breslin Realty Fabrikant’s real estate ex- perience spans over 25 years in both the commercial and residential markets. He has previously handled residential sales for Wimbish-Riteway, Caldwell banker, Fortune In- ternational in Miami Florida, and has served as a licensed real estate sales person for Town Residential in New York City. Most recently, Fabrikant GARDENCITY, NY — Bre- slin Realty Development C o r p . i s pleased to an- nounce that Cary Fab- rikant has joined Bres- lin Realty as the newest member of its sales team.
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Case Real Estate Capital celebrates Five-Year Anniversary
See brochure for details! pal. “Those core competencies enable us to continue providing situational capital to property owners and developers, even as many investors pull back due to questions on the economy and pace of interest rate hikes as well as vulnerabilities within the retail and office sectors. We remain focused on solving prob- lems and creating opportunities for our clients.” Since its establishment in 2013, Case has steadily ex- panded to meet the middle market’s need for situational capital. The company is active as a high-yield private lender; a
ROCHELLE PARK, NJ/ MIAMI, FL — Case Real Es- tate Capital, LLC (Case) is marking its five-year anniver- sary with plans for further stra- tegic growth. The northern NJ- based company concentrates on deals in the $2.5 million to $40 million range for transitional assets located in the NY metro area and south Florida as well as in the Northeast and Mid- Atlantic regions. “At Case, we have a disci- plined approach, industry ex- pertise and access to funding,” said Sanford Herrick , Case’s founder and managing princi-
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