Follow the Power: Where CRE Money Is Really Going | QCI Ep 34

Powered by HqO - Learn more and join the Quantum City Initiative here: https://www.hqo.com/the-future-of-cit... Greg and Chase just got back from HqO's EMEA customer advisory board, and the money in commercial real estate is telling on itself. Last week Digital Realty bought Blackstone's stake in three Northern Virginia data centers for three and a half billion dollars. This episode follows that power, from Miami's record office rents to the 200 buildings a top Manhattan landlord studied before deciding only 11 could actually convert.   What you'll learn   Why capital keeps flowing to power and compute, and what the Blackstone data center exit really signals How underwriting has to change, and why below-trophy office starts to look like hospitality Miami by the numbers, and where it wins and loses against the five principles of the Quantum City The office-to-residential conversion math, and why "just convert it" breaks down at scale What the June jobs miss and a stuck 10-year mean for refinancing   Chapters    00:00 Episode Kickoff 00:45 Customer Advisory Board Recap 02:06 US vs Europe AI Adoption 06:56 The Collection’s Hospitality Model 11:50 AI Cheating in Higher Education 14:49 Data Centers and the Power Boom 20:26 Office Underwriting Must Change 25:42 Miami’s Office Market Strength 32:43 Commercial Real Estate Quick Hits 32:59 Interest Rates Stay High 34:39 Fed Policy and Inflation Risk 37:01 Money Supply and US Debt 38:26 Gold Repricing Theory 41:03 Office-to-Residential Conversions 44:19 Office Demolition and Adaptive Reuse 47:41 Starwood Avoids Office Investments 49:53 Taylor Swift Wedding Strategy 51:41 FIFA and World Cup Politics 53:44 Tilly Norwood, the AI Actress 57:03 Final Takeaways and What’s Next   Hosted by Greg Gomer and Chase Garbarino, co-founders of HqO. The Quantum City Show is presented by HqO.   Join the Quantum City Initiative: https://www.hqo.com/the-future-of-cit... Apple: https://podcasts.apple.com/us/podcast/the-quantum-city-show/id1830288682  Spotify: https://open.spotify.com/show/6KBhGHqQUblkyOcTAJlJdF?si=b961bd6046704fe7 YouTube: https://www.youtube.com/@HqOinc   Let's Go!