Written by Ben Hittman, Esq. and Minta Kay, Esq. | July/August 2018
The rapid evolution of autonomous vehicle technology has forced real estate investors and developers to consider how their investments, both new and old, may need to adapt. Long an awe-inspiring element of science fiction, driverless cars soon will become more than just Hollywood’s picture of the future – they will be picking us up, dropping us off, and parked in our garages.
As companies like Uber and Lyft pour millions of dollars into driverless car technology, real estate investors now are forced to face a new reality in the transportation demands of consumers. Brad Greiwe, co-founder and managing partner of Fifth Wall, a Los Angeles-based venture capital firm focused on technological innovation in the real estate sector, believes the impact of autonomous vehicles will be industry-changing. “A meteor is going to hit the real estate industry that will fundamentally alter the value and make-up of every asset class,” Greiwe says.
The growth of ride-sharing services has led many consumers to rethink institutions of transportation that for years have guided the development of urban and suburban real estate. As ride-sharing services integrate driverless car technology and become more comfortable, user friendly, and cost effective, many expect car ownership rates to plummet and the average consumer’s reliance on public transportation to fade.
Lauren Buckholtz has worked in the Commercial Real Estate Industry since early 2016. She joined the Saurage Rotenberg Commercial Real Estate, LLC team in 2018 and has experience in brokering deals ranging from small retail leases to multi-million dollar industrial transactions. Lauren specializes in industrial tenant representation and is responsible for project leasing, site selection, lease analysis, acquisitions, dispositions and project development. Lauren also works with several international real estate firms who do not have a presence in Louisiana as their local representative.
Prior to joining Saurage Rotenberg Commercial Real Estate, LLC, Lauren worked at NAI Latter & Blum, primarily in a tenant and buyer representation capacity, where she successfully represented numerous clients in their real estate transactions. Preceding to her commercial real estate career, Lauren worked in the competitive medical device sales industry. Her strong sales background provides a solid foundation from which she is able to negotiate on behalf of her clients and thoroughly analyze and decipher the various factors which could potentially affect her clients’ interests.
Lauren strives to exceed expectations with consistent work ethic, focus, determination, attention to detail, and accountability. These factors, along with the commitment to strong client relationships enable Lauren to provide top-line customer service.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).