Connect with us

Real Estate News

BrainBox AI Unveils Real Estate Energy Savings Calculator



Montreal, Quebec – (BUSINESS WIRE) – BrainBox AI, a pioneer in autonomous building technology, today announced the launch of its Real Estate Energy Savings Calculator. The calculator and the accompanying assessment give building owners and managers an immediate assessment of the energy savings that can be achieved by installing the cutting-edge technology of BrainBox AI. The calculator takes into account factors such as building type and annual operating costs and illustrates the positive financial and environmental effects that the automation of BrainBox AI can have on a commercial building.

With self-adapting artificial intelligence (AI), BrainBox AI optimizes existing heating, ventilation and air conditioning systems (HVAC) and creates an autonomous building that does not require human intervention. In commercial real estate buildings such as schools, medical facilities, hotels, retail stores and offices, this results in a reduction in energy costs of up to 25%, a reduction in the carbon footprint by 20-40% and an increase in user comfort by 60%.

HVAC systems are responsible for 45% of the energy consumption of commercial buildings. BrainBox AI’s Zero CAPEX solution can enable building owners and facility managers to drastically reduce the energy consumption and CO2 emissions of their building, thus bringing them one step closer to the goals of net zero carbon emissions. Its scalability and simple implementation enable both individual building and portfolio-wide effects. The BrainBox AI Real Estate Energy Savings Calculator enables owners and managers to determine how much they can save by automating their HVAC systems.

“BrainBox AI was developed to make commercial buildings significantly more energy-efficient, thereby reducing their carbon footprint and making better use of existing building infrastructures. The development of the Real Estate Energy Savings Calculator is an important milestone in our mission to transform the commercial real estate industry by implementing advanced artificial intelligence technologies, ”said Jean-Simon Venne, Chief Technology Officer and Co-Founder of BrainBox AI.

BrainBox AI was launched in 2019 and is already significantly reducing CO2 emissions in the commercial real estate industry and affecting over 100,000,000 m² of real estate in 16 countries with clients such as AMP Capital, GWL Realty Advisors and Holiday Inn. Recently, BrainBox AI was named one of the Top 100 Best Inventions of the Year by TIME in 2020 and CB Insights as one of the Top 100 AI Startups Redefining Industries in 2021. The company is also a member of the MaRS Discovery District, the largest urban innovation hub in North America.

Try the BrainBox AI Real Estate Energy Saving Calculator.

About BrainBox AI

BrainBox AI was developed in 2017 with the aim of redefining building automation through artificial intelligence and positioning itself at the forefront of a green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI employs over 100 people and supports real estate clients in a wide variety of sectors including office buildings, airports, hotels, apartment buildings, long-term care facilities, grocery stores and commercial retail.

BrainBox AI works with research partners such as the National Renewable Energy Laboratory (NREL) of the US Department of Energy, the Institute for Data Valorization (IVADO) and educational institutions such as the École de technologie supérieure (ETS) in Montreal and McGill University. Learn more about BrainBox AI.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Real Estate News

Akins HS students take part in real estate program



Through the program at Akins Early College High School, the students can get their associate degree and their real estate license before they graduate high school.

AUSTIN, Texas — With the continued growth expected across Central Texas, more and more people are going to be looking for places to live.

Some local high school students hope they can be the ones to help people find their new homes in this demanding housing market.

Sophomore Anthony Villegas is one of the students in the real estate program at Akins Early College High School. On Friday they took a trip to the Austin Board of Realtors headquarters to learn more about the industry and what the board does.

“We’re talking to a lot of people trying to understand more about real estate and how ABoR is,” said Villegas.

Students, like Villegas, will earn a two-year Associate of Applied Science degree from Austin Community College and can become certified real estate agents all before they graduate from high school.

“We take business courses, we take computing, then we also have our real estate classes,” said Villegas.

“So once they turn 18, if they’ve met their requirements, they can test, then they will sign up with a real estate brokerage to be sponsored and then they will join the Austin Board of Realtors and become real estate professionals that become realtors ,” explained Kelea Youngblood, with the Austin Board of Realtors.

The ABoR worked with Austin ISD to launch this program back in 2020.

“The beauty of this program is it’s not just about the classes that you need to take to get your license,” shared Youngblood. “It’s about the real-life education, the hands-on experience. We will provide you with shadowing opportunities and internships. And so, they will be very well equipped once they graduate to enter the real estate industry.”

Both the ABoR and AECHS teachers say these real-life experiences are extremely valuable.

“We want to make programs and classroom spaces that are for the child’s needs and wants in the future because we only had them in high school for four years. What’s the next step,” said John Rodriguez, an Academy Coordinator at AECHS.

In this program, the students get their associate’s degree and training at no cost.

“They don’t pay a single thing for themselves,” said Rodriguez. “So, the college courses are paid for, the transportation, the textbooks, you name it.”

Now with the experience he is gaining, Villegas will be ready to help find people homes in Austin’s busy housing market when he graduates in just a couple of years.

“I know people from even Chicago that want to move down here,” said Villegas. “So, it seems like it’s going pretty fast. And hopefully, when I’m into real estate, it stays like that.”

KVUE on social media: Facebook | Twitter | Instagram | YouTube

Austin-area cyclist charged with murder in fellow cycling star’s death in East Austin

How investigators solved the gruesome murder of Georgetown business owner Harvey Huber

New home construction boom creating a builder’s market in the Austin area

Continue Reading

Real Estate News

Global Investors Remain Enthusiastic about the U.S. Commercial Real Estate Market



The US commercial real estate market – with Dallas ranking fourth in the most favored spot – continues to be seen as attractive by global investors over both the short and long term, according to the Association of Foreign Investors in Real Estate (AFIRE) 2022 International Investor Survey Report, released in mid-April.

Michele Wheeler, President and COO of Jackson Shaw

About 75 percent plan to increase their volume of activity this coming year, and 25 percent anticipate increasing it considerably. Beyond 2022, about 80 percent of investors expect to increase their US exposure over the next three to five years. These are topline results of the annual survey of some 175 organizations in more than 20 countries. CBRE and Holland Partner Group served as underwriters of the research, conducted in February by AFIRE and PwC.

Atlanta is the city most favored for future real estate investment by the respondents (with 37 percent indicating it was their top destination). Atlanta was especially popular among those outside the United States. Austin and Boston tied for second. Dallas took the fourth position, followed by Seattle, New York, Charlotte, Los Angeles, Denver, Raleigh, District of Columbia, Phoenix, and San Francisco.

Factors driving investment in US real estate (by order of priority) include quality of available assets, ability to diversify investment portfolios, income return on investment, and the ease of doing business. All is not golden, however. Inflation, interest rate fluctuations, and uncertain return-to-office trends are the top concerns for those looking to put money in US properties.

According to the report, multifamily is likely the most popular asset category, followed by life sciences, industrial, self-storage, and medical. Senior housing, infrastructure, hotel, and retail are the most likely to see the same level of investment as in the past.

Multifamily in the top spot is especially evident for those of us in North Texas. The Dallas-Fort Worth-Arlington MSA led the country in population growth according to the US Census Bureau estimates for 2021, adding 97,000+ residents. This growth reminds me of the popular quote from the 1989 movie Field of Dreams: “If you build it, they will come.” Though it seems we can’t build fast enough.

Also, not surprisingly, Dallas-Fort Worth’s industrial market continues to set records for construction, rents, and absorption. Led by logistics and e-commerce needs, competition remains strong for available space when and where tenants need it.

American business leader Ray Kroc was spot on when he said, “The two most important requirements for major success are: first, being in the right place at the right time, and second, doing something about it.”

Michele Wheeler is president and chief operating officer for Jackson-Shaw.

Get weekly updates on breaking commercial real estate news and relevant industry reports.

Continue Reading

Real Estate News

Origin Investments Releases Its Multifamily Markets to Watch 2022 | News




Origin Investments, a leading private equity real estate fund manager, today released a new report created using Origin Multilytics, its proprietary suite of machine-learning models, and insights from its expert team of regional deal acquisition officers. Multifamily Markets to Watch 2022 cites Sun Belt markets Phoenix, Tucson, Las Vegas, Austin and Nashville as metro areas having great opportunities for rent growth, investment and development.

This press release features multimedia. View the full release here:

Origin Investments 2022 multifamily real estate markets to watch with the highest potential for private equity real estate investment. (Graphic: Business Wire)

Multilytics evaluated 150 US markets to identify those with the most promising fundamentals for rental rate growth by analyzing billions of data points from a variety of leading independent and government sources. Data included historical rental rates; jobs, population and income growth; supply and demand; recent migration changes; and housing affordability, among others. Origin combines Multilytics data with the expert knowledge of its acquisition officers to develop its investment and acquisition strategy.

“While each market is unique and has its own nuances, there are common themes across our Multifamily Markets to Watch 2022 report,” Origin Executive Managing Director of Acquisitions David Welk said. “There is a job creation spigot that isn’t likely to be turned off anytime soon. We are seeing, and in many cases participating in, tremendous investment and development opportunities in several of these markets.”

The common characteristics of the selected metropolitan areas include business-friendly environments, four-season lifestyles and increasingly diverse and robust job markets that frequently include big tech, Origin’s report explains. The five mid-sized cities also have room to grow and suburban areas that further enhance expansion potential. Average rent grew 3% in each of the five years leading up to the pandemic, Bureau of Labor Statistics data shows. These markets offer high potential opportunities for multifamily real estate investment and growth far beyond that 3%.

Following are snapshots of each of Origin’s markets to watch:

Phoenix is ​​Rising

Phoenix offers a California lifestyle without the price tag, and that affordability for businesses and individuals is driving demographically and economically diverse growth. Logistics and tech manufacturing serve as growth engines as companies seek to avoid California prices while remaining within one day transit of 33 million people. Semiconductor chip manufacturers have $32 billion in investments underground, while electric-vehicle startups including Lucid, Nikola and ElectraMeccanica aim to turn the area south of Phoenix into an electric-vehicle manufacturing center.

Tucson Is an Up-and-Comer

The stature of Tucson, long considered Arizona’s second city, is rising as an affordable alternative to Phoenix – close enough to capitalize on the proximity without ceding its own distinct identity. As the city’s northwest submarkets emerge as viable alternatives for employees of Phoenix’s southernmost companies, the connection to the state capital could become smoother in coming years with a potential passenger rail route. Expected growth sectors include those that support the city’s largest private employer, Raytheon Missile Defense, such as logistics and information technology. Virginia-based aerospace/defense company Leonardo Electronics is expanding in Tucson with a new, $100 million semiconductor laser manufacturing facility.

Las Vegas Offers a Solid Bet

Las Vegas is outgrowing its reputation as a gambling mecca and becoming established as an affordable, business-friendly alternative. This is attracting out-of-state investment focused on building a more diverse and dependable long-term economy by embracing industries from health care and financial services to logistics and information technology. California-based machine toolmaker Haas Automation is building a $327 million manufacturing facility in Henderson; the US Department of the Interior is building the $1 Billion Gemini Solar Project, the nation’s largest solar farm, northeast of the city; and hotel and casino projects totaling $4.7 billion will be completed within two years. With jobs and income on the rise, rent growth has a long trajectory.

Austin Shows No Signs of Cooling

The Texas capital remains highly attractive and comparatively affordable to the tech giants flocking there and making significant investments. Oracle, Samsung, Apple, Facebook and Tesla are pouring in billions of dollars and creating thousands of well-paying jobs. The city has a long runway for growth, especially considering that there will also be an influx of companies to support these big-name firms. Austin has the highest income growth and third-highest job growth of all markets studied, but despite its popularity it continues to be comparatively affordable.

Nashville is the Superstar of the South

Nashville’s pro-business, lifestyle-friendly climate with a big-city vibe and world-class culture continues to drive impressive growth. According to the Multilytics analysis, this established market, currently experiencing tight housing supply, is expected to continue its steady job and income growth as planned tech and other industries enter the market. Nearly 200 restaurants, bars and coffee shops, along with 23 hotels, opened in 2020 and 2021. The Tennessee Titans football team is in talks to build a $1.2 billion replacement stadium, and city’s soccer club just opened North America’s largest soccer stadium. Alliance Bernstein, Amazon, Oracle and General Motors are among the companies spending billions and bringing thousands of jobs to the city. All are good signs of continued success there.

Origin Investments is increasingly committed to using artificial intelligence and machine learning to help guide informed decision-making at all stages of the investment, management and disposition lifecycle.

“There is no single metric that any prudent real estate investor or fund manager should rely on when investing tens of millions of dollars in a project,” said Origin Co-CEO David Scherer. “Instead, it’s the compilation of data and intense boots-on-the-ground intelligence that guide which markets to investigate more thoroughly before making any commitments.”

About Origin Investments

Origin Investments helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. They are a private real estate manager that builds, buys and lends to multifamily real estate projects in fast-growing markets throughout the US Since its founding in 2007, Origin has executed more than $2.6 billion in real estate transactions and its principals have invested more than $75 million alongside investors. Origin prides itself on offering unparalleled service to investors and its performance ranks the firm in the top decile of the best performing private real estate fund managers ranked globally by Preqin, an independent provider of data on alternative investments. firm is currently accepting new investors for its open Growth Fund IV, IncomePlus, Multifamily Credit and QOZ II Funds. To learn more, visit

View source version on

CONTACT: Michael Millar, Open Slate Communications




SOURCE: Origin Investments

Copyright Business Wire 2022.

PUB: 05/10/2022 02:37 PM / DISC: 05/10/2022 02:37 PM

Continue Reading