AFIRE News

Amidst rising geopolitical tensions, economic uncertainty, and adjacent pressures, Summit Journal #19 explores the key question for global CRE: is the US still the right place for investment?
Now that the One Big Beautiful Bill has been signed into law, what does it all mean for cross-border investors in property markets? Shiukay Hung answers.

Multifamily buildings are evolving from captive energy consumers to grid-connected assets. This transformation unlocks financial returns, mitigates risk, and delivers on rising regulatory and capital market expectations.
Melissa Román Burch, COO of NYCEDC, provides an update on New York City’s commercial real estate environment.

As electricity demand accelerates across global markets, real estate is emerging as both a constraint and a solution. From microgrids to distributed generation, buildings are evolving into critical energy infrastructure—and capital strategy must evolve with them.

The current climate crisis is the result of centuries of industrialization—and the economic and social factors that have driven this evolution. The fix will require investors to reconsider the problem from the ground up.
Michael Neiberg answers the question: Can understanding history’s patterns be the key to figuring out what’s coming next?

Technology is transforming the face of real estate. Government stimulus is incentivizing the buildout of critical infrastructure in innovations hubs, which is driving demand for advanced manufacturing, residential and retail assets in these areas.

The rapid expansion of digital demand is transforming middle America into a strategic hub where commercial real estate and energy sectors collaborate to leverage renewable power, existing rail infrastructure, and rural land for the future of digital infrastructure.
Boff questions cross-border investment strategies, and if earlier periods in history can teach us lessons about what to expect in future.

For years, data center development was largely a real estate discussion. But now, it is pivoting into an energy discussion—leaving data center developers and Big Tech “offtakers” to figure out how to ensure sufficient and affordable power at their sites.

Geopolitical instability, rare earth supply constraints, and decarbonization mandates are redefining the long-term value of real estate, prompting greater alignment between energy, policy, and investment strategy across global markets.

Sustainable investing now emphasizes precise energy and carbon performance metrics. This shift requires aligning sustainability goals with investment strategies.

In the US commercial real estate sector, the path to green energy transition is strong, but higher energy efficiency and lower demand for competing brown sources makes them relatively more cost-effective over time, which acts as a counteracting force to the path of transition to green sources.

Solar is no longer just about ESG—it’s a strategic investment that boosts NOI, increases property valuations, and hedges against rising energy costs.

Take the new AFIRE H2 2025 Investor Survey, with 16 questions, 9–12 minutes to complete. Deadline: August 8. Results published September 2025.

When we expand the definition of what constitutes an “energy real estate investment,” the aperture needs to be broadened so that related opportunities become part of the capital discussion.

America’s severe shortage of housing and energy poses an existential threat to the viability of long-term infrastructure investment. Yet with coordinated action from energy and real estate investors, we can meet America’s economic goals.

The commercial solar landscape in the US is shifting, driven by new policies, evolving incentives, and rising investor interest. So what’s new, what’s next, and what matters most for thew future of solar?

Energy isn’t just a service. It’s the foundation of our economy, cities, and future. Understanding its evolving and growing role cannot be optional for real estate investors.
Media Coverage

For years, prices in the New York residential real estate market rose sharply. Lately, however, prices have been asked more and more frequently, at which hardly a buyer could be found for the respective object.

Overseas buyers of property will not be able to hide their identities under the register plan, but the buoyancy of the UK market will continue to attract their money, analysts say.

Los Angeles has topped New York in global real estate investment in 2017, according to a new JLL report, making it the No. 1 U.S. city.

Among foreign investors, interest in New York has slipped and London has assumed first place as the number one global city for their real estate investments.

New York is no longer the unquestioned king when it comes to attracting foreign capital for real estate.

New York City took a double hit in an annual survey of real estate investors, which saw London overtake it in first place globally and Los Angeles tie it for top U.S. city.

Foreign investors in real estate assign high importance to the potential for wealth and security—and according to new research, the U.S. is expected to offer both more than any other country in 2018.

With every billion-dollar check a Chinese institution writes for a Manhattan trophy property, similarities to the Japanese investment boom of the late 1980s become more apparent.

One consequence of falling oil prices may be Houston’s ability to attract foreign investment. A 2017 survey by the Association of Foreign Investors in Real Estate found that contracting oil prices are making some overseas buyers skittish.

New York is in its seventh year as the prime U.S. city for foreign investors, and its third year as the top global city, members of the Association of Foreign Investors in Real Estate (AFIRE) indicated in the survey.

The pace of foreign purchases of major King County buildings has tripled, with Chinese companies heavily represented — and now some are even building projects here themselves.

Investors looking for the next new thing in the US property market would do well to look straight through all the glass office towers rising in gateway markets and focus their gaze on residential property across the country.

The U.S. property market landscape in 2016 will appear much like it did in 2015, with a number of interwoven aspects that bode well for savvy investors who can step out in front of ongoing—and, in some cases, intensifying—economic, demographic, and technological trends.

A directory of Washington office building owners reads like a United Nations dinner invitation: Norway, Germany, South Korea, Japan, Chile, Kuwait.

London, as we have all heard, has been taken over by foreign oligarchs who hardly ever visit their dwellings, pricing out regular hard-working intellectuals and dulling the city’s vibrancy.

Foreign buyers often find it easier to buy property assets in one-off deals from private sellers because it is easier to reach a deal quietly, with less competition than there is for REIT assets, said James Fetgatter, chief executive of AFIRE.

New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday.

According to the latest AFIRE Survey, London has been chosen as the number one global city for foreign property investment, while the US remains the most secure country.

To foreign investors, commercial real estate in the U.S. looks like “the cleanest shirt in the dirty clothes pile,” as one investor told Jim Fetgatter, chief executive of AFIRE at a recent investment conference.

Markets in the United States dominate as the top global cities for real estate investment, according to participants in the Association of Foreign Investors in Real Estate’s (AFIRE) annual survey.

