Dan Spiegel leads the global operations of Coldwell Banker Commercial ®, one of the most recognized brands in the real estate industry. As senior vice president and managing director, Dan implements strategic initiatives that support a network of over 3,000 commercial real estate professionals spanning in 171 companies throughout North America and the world. In 2023, Dan was awarded the SIOR designation by the Society of Industrial and Office REALTORS®; this designation honors the world’s top commercial real estate industrial and office professionals. Dan previously served in executive leadership roles at two publicly traded U.S. real estate firms, Colliers International and Grubb & Ellis Company. An innovative leader, Dan is involved in commercial real estate tech and has mentored multiple start-up firms aiming to service the CRE industry. Passionate about people and adaptation to change, he frequently writes on the topic of the intersection of technology and real estate.
On this episode, Zachary Vaughn, Real Estate Account Executive at SolarKal, a Boston-based firm joins Dan Spiegel. Energy efficiency is a common topic for commercial property owners and users in continuous efforts to reduce operating costs as well as address environmental concerns. However, an alternative consideration for property owners is how can a property generate additional income streams beyond rent by leveraging energy production opportunities.
Join us for a conversation with Dan Spiegel, Senior Vice President and Managing Director of Coldwell Banker Commercial, as he engages in an insightful dialogue with Greg Khodara, Managing Partner of Artisan Capital. In this engaging discussion, they explore unique and lesser-known investment prospects within commercial real estate. This in-depth conversation will offer a deeper understanding of the ever-evolving state of capital markets and how it impacts the world of real estate investment.
With us today is Erik Oliver, Vice President of Business Development at the Cost Segregation Authority, a Salt Lake City-based firm. The U.S. tax code has a number of specific provisions that relate to the needs of the commercial real estate investment community and cost segregation is one way to ensure that investors are reaping the tax advantages available for their properties. Erik is an expert in this area and we had a good time discussing how investors can take advantage of cost segregation strategies.
In an era dominated by sustainability concerns and technological advancements, the landscape of both real estate and transportation is rapidly evolving. One prominent trend that encapsulates this transformation is the integration of Electric Vehicle (EV) charging infrastructure into new constructions. While the incorporation of EV charging stations into real estate projects is undoubtedly a positive step towards a cleaner future, it's essential to consider the potential challenges and opportunities that come with this change. The Rise of EV Charging in New ConstructionIn recent years, the electric vehicle revolution has gained significant momentum, prompting a shift in the way we approach infrastructure planning. Many real estate developers are now embracing EV charging as a standard feature in new construction projects, recognizing the increasing demand for such amenities from environmentally conscious consumers. As of the start of 2022, groundbreaking has commenced on a staggering 94 million square feet of manufacturing facilities, primarily directed towards the production of semiconductors, batteries, and electric vehicles (EVs), as per CommercialEdge's National Industrial Report. In Q1 of 2023, there was a 3.2% increase in the number of EV charging ports in the Station Locator, including a 4.0% increase in public ports and a 1.7% increase in private ports. DC fast ports increased by the greatest percentage (7.6%). The South Central region had the largest increase in public charging in Q1 (7.9%), though California continues to lead the country in the number of available public EV charging ports. One of the primary benefits of including EV charging stations in new developments is the marketability they offer. As more individuals transition to electric vehicles, the presence of readily available charging stations can significantly enhance a property's appeal. Homebuyers and commercial tenants alike are now looking beyond traditional amenities and considering the convenience of charging their vehicles as a valuable asset. They are increasingly viewed as amenities in future office leases, presenting an opportunity for industrial developers. This aligns with the rising trend of both foreign and domestic car manufacturers investing in EV production facilities and associated manufacturing plants in the United States. Challenges on the HorizonWhile the integration of EV charging into real estate is a positive trend, it's not without its challenges. The primary concern revolves around the substantial infrastructure requirements and associated costs. Installing charging stations necessitates careful planning, from securing the necessary electrical capacity to determining optimal locations for charging units. For developers, these considerations can increase project complexities and costs. Another challenge to consider is the pace of technological evolution. As EV charging technology continues to advance, there is a risk of investing in outdated infrastructure. Striking the right balance between future-proofing developments and avoiding premature obsolescence is crucial. Battery Storage Facilities: Powering the FutureAs we delve deeper into the realm of sustainable energy solutions, battery storage facilities emerge as a critical component of the EV charging equation. These facilities enable efficient energy management by storing excess energy during off-peak hours and supplying it during periods of high demand. By coupling EV charging stations with battery storage, real estate projects can achieve a more reliable and cost-effective energy supply, benefiting both the property and the grid. Service Stations: Adapting for EVs and BeyondThe rise of EVs also challenges the traditional concept of service stations. These spaces are evolving from mere refueling stops into multifunctional hubs catering to the needs of electric vehicle users. As EV drivers require longer charging times compared to conventional refueling, service stations have the opportunity to expand their offerings. Incorporating shopping, dining, and entertainment facilities can transform these stations into attractive destinations, providing an economic boost to adjacent communities. Moreover, service stations can leverage battery storage facilities to manage peak energy demands, ensuring a consistent and efficient charging experience for EV owners. Steps Toward a More Sustainable Future The marriage of EV charging infrastructure with real estate represents a pivotal moment in our journey toward a sustainable future. By integrating charging stations into new constructions, we are not only catering to the evolving needs of environmentally conscious consumers but also driving market innovation and economic growth. However, challenges such as infrastructure costs and the rapid pace of technological advancement must be carefully navigated. Additionally, the potential of battery storage facilities and the transformation of service stations underscore the dynamic nature of this transition. As electric vehicles become the norm, the landscape of real estate, energy management, and transportation will continue to evolve, creating a more interconnected and sustainable world. The electrifying integration of EV charging into real estate is not just about accommodating vehicles; it's about reimagining the way we build, power, and live in our communities.
Host Dan Spiegel, SVP and managing director of Coldwell Banker Commercial, is joined by Sean Hehir, Managing Partner, President & CEO at Trinity Investments, to discuss how hotels are responding to trends such as "bleisure", remote/hybrid work, and corporate travel. Dan and Sean will discuss how hotels that are adaptive have survived and thrived as travel trends have changed and how properties can better serve the current market.
Worldwide, the hotel and resort industry peaked at $1.52 trillion in 2019. Following the travel restrictions during the pandemic, the industry is still in recovery mode. Unsurprisingly, the market decreased significantly in 2020 and 2021 – dropping below $1 trillion.
On this episode, Dan Spiegel hosts Dennis Pruitt ,Vice President of Business Development at the Missouri Partnership, about the role of economic development specialists in attracting business growth and how they work closely with the Commercial Real Estate community.
Coldwell Banker Commercial’s quarterly CBC Chatter, a virtual discussion diving into the industry’s hottest topics, recently explored the Future of Cities on Wednesday, June 8, 2022. Host Dan Spiegel, Senior VP and Managing Director of Coldwell Banker Commercial, was joined by Greg Lindsay, Senior Fellow, MIT Future Urban Collectives Lab; and Tracy Hadden Loh, Fellow, Brookings Metro, Anne T. and Robert M. Bass Center for Transformative Placemaking.
In this week’s blog, we highlight some of the most impactful insights from Dan Spiegel’s conversation on WMRE’s Common Area podcast. In this episode, host David Bodamer is joined by Dan Spiegel, senior vice president and managing director with Coldwell Banker Commercial. Spiegel shares where real estate investors are currently putting their money and what’s new in site selection practices among retail and restaurant tenants. He also discusses the continuing importance of maintaining bricks-and-mortar retail locations even as the trend toward e-commerce continues to grow. The two industry experts take a deep dive into CBC’s 2022 commercial real estate outlook, which you can access here.
Host Dan Spiegel, VP and Managing Director of Coldwell Banker Commercial, will be joined by