Nine Four Insights

Weekly Reads

The Sustainability Shift | Nine Four Ventures

“Building a sustainable brand in today’s eco-conscious climate is something real estate companies can no longer ignore. Not only do renters and owners expect it, it’s imperative to take part in this movement…”

Investing In Advancing Property Management Technology | Forbes

“The fund identifies technology that can positively impact Laramar’s operations, Laramar professionals test the technology, provide input and helpful suggestions to providers and position Laramar for returns on investment when the technology goes to market. “In our opinion, maintaining the status quo from a technology standpoint isn’t an option,” said Kurt Ramirez, Nine Four Ventures general partner.”

Luxury Staying Power | Business Traveler

“…the extended stay/corporate lodging segment continues to grow as evidenced by the proliferation of new brands and the entry into the market of venerable brands like Red Roof with its HomeTowne Studios. In the US, this includes such startups as Stay Alfred, a pioneer in the short term rental space, with extendable stay units in 33 downtown cities including Miami, Chicago, Denver, Nashville, Washington, D.C.”

New Tech-Driven Hospitality Catering To More Than Millennials | Bisnow

“Likewise, Stay Alfred (average guest age of about 42) and Sonder (37) serve a similar demographic, Stay Alfred Vice President of Real Estate Michael Kovac and Sonder Director of Real Estate Jermaine Gause said. And many guests at these well-funded startups are a great deal older.”

Alphabet’s ‘City of the Future’ to Move Forward in Toronto | Bloomberg

“Sidewalk had proposed investing C$1.3 billion ($990 million) alongside local partners to kick off the development, meant to showcase Alphabet CEO Larry Page’s vision for a modern city powered by sensors and data. Ideas included everything from underground garbage disposal to heated bike lanes, along with offices and thousands of residential units, including below-market and affordable units.”

Report: Two-Thirds of CRE Companies Use Some Type Of Coworking | Bisnow

“The report, which is based on Cushman & Wakefield and CoreNet Global interviews with 550 commercial real estate executives, says coworking is beyond an emerging office asset class and more or less a strategic play that CRE firms must invest in.”

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