Jennifer Nuckles is CEO of R-Zero, a physical AI platform that connects building data to continuously uncover energy savings and improve performance, delivering 20-40% HVAC energy savings with no major retrofit required. She previously served as EVP at SoFi and CMO at Zynga, and spent nearly a decade as a Global Business Lead at Clorox. She is a board member and chairperson of the American Lung Association and a trustee at UC Riverside. Based in San Francisco.

(02:04) From room intelligence to physical AI
(03:51) Buildings have known about waste for decades
(05:00) What changed: hardware costs, software, and regulation
(07:33) Energy as a constraint
(08:12) Local Law 97
(10:08) The end of piloting: choosing and deploying
(11:20) R=Zero model
(14:23) Building efficiency investments
(17:40) Savings Expectations: Qualcomm, Stanford Children’s
(21:03) Energy as an NOI lever: 20-40% HVAC savings
(23:53) The autonomous building continuum
(25:22) What building owners get wrong about energy operations
(28:32) Collaboration superpower: Walt Disney and Yannick Noah

🏙 Learn more:
–Visit R-Zero
–Jennifer Nuckles on LinkedIn

🏙 In-person Events:
–Finance Forum: NYC | 11/3
–State of Office Forum: NYC | 11/4
–Breakthrough Awards Breakfast: NYC | 12/2
–All upcoming Commercial Observer events

🏙 Virtual Events:

–Spotlight Case Study: Inside the AI Transformation at Cushman & Wakefield: 10/8
–AI & Innovation Forum: 11/18

🏙 Connect with Tangent:
-Edward Cohen on LinkedIn
-Zach Aarons on LinkedIn
-Tangent on LinkedIn


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Ebonie Beaco

Real Estate Financing Strategies for Homeowners & Investors

Stay informed with expert insights on HELOC loans, cash-out refinancing, DSCR investor loans, fix and flip financing, and real estate investment strategies.

Northmarq Arranges $96M Refi for 1,461-Unit SoCal Portfolio

E&S Ring has secured refinancing from Voya Investment Management for a six-property multifamily portfolio in Southern California. Northmarq on Thursday announced the $95.8 million refinancing for the 1,461-unit portfolio. The firm’s Nathan Prouty, Andrew Slaton and John Holt facilitated the deal. The refinance covers existing debt across the portfolio, including four loans from Voya in…

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Grover Corlew Buys Discounted Fort Lauderdale Tower for $70M

Development company Grover Corlew has paid $69.7 million for 200 East Broward in Downtown Fort Lauderdale, making it the latest office building to sell for a discount in the South Florida submarket.  The 21-story tower features 235,211 square feet of office space adjacent to Southeast Third Avenue, and across the street from a federal courthouse.…

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Jordan Kornberg of Mast Capital: 5 Questions

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Carnegie Diner & Cafe Operator to Open New Restaurant at 7 Penn Plaza

Carnegie Hospitality is opening its next Carnegie Diner & Cafe in Manhattan’s Penn District. The restaurateur signed on the dotted line last month to take over fast-casual chain Smashburger’s lease at the Feil Organization’s 7 Penn Plaza, Commercial Observer has learned. The tri-party deal included a 10-year lease extension for the 5,609-square-foot retail space at…

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Genting Lands $500M to Refi Mixed-Use Omni Center in Miami

Genting Americas scored a $500 million loan to refinance the mixed-use Omni Center near Downtown Miami, three years after failing to sell the 15-acre site next door for $1.2 billion.  The 1.5 million-square-foot Omni Center is between 1501 and 1645 Biscayne Boulevard, just north of the entrance to the MacArthur and Venetian causeways, near the…

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Mortgage Rates End Flat After Starting Slightly Lower

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Ken Griffin Seals $3.3B Construction Loan for Manhattan Office Tower 

Billionaire money manager Ken Griffin now has a firm financial investment in Midtown Manhattan months after a public feud with New York Mayor Zohran Mamdani. Griffin, as part of a joint venture with Vornado Realty Trust and Rudin, has landed $3.3 billion of construction financing to develop a 66-story office tower at 350 Park Avenue,…

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Canadian Investor Buys Two Hotels in Palm Beach County for More Than $48M

Brasswater paid more than $48 million to buy two Hampton Inns hotels in Palm Beach County, Fla., from Hospitality Investors Trust, property records show.  In the biggest transaction, the Montrael-based firm paid at least $29 million for the 164-room Hampton Inn & Suites Boynton Beach. The 102,476-square-foot property was built in 1997 on a 3-acre…

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Mexican Eatery Casa Carmen to Open Third Manhattan Location

Mexican restaurant Casa Carmen is opening its third Manhattan location in Midtown East, Commercial Observer has learned. The restaurant concept started by chef Carmen “Titita” Ramírez Degollado signed a 15-year, 6,917-square-foot lease to serve up traditional Mexican cuisine at Sage’s 437 Madison Avenue, according to tenant broker Retail by MONA as well as the landlord. Asking…

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Personal Training Studio LIV Method Takes 12K SF in Meatpacking District

The LIV Method, a private luxury training and wellness studio, will open a new location in Manhattan’s Meatpacking District in January, Commercial Observer has learned.  The studio, which offers customers a curated and personalized approach to training, wellness and longevity, has inked a 12,028-square-foot lease at Sage’s 2 Gansevoort Street, according to the landlord. The…

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Forbright Bank Provides $50M for Southern California R&D Campus

The owners of a fully leased research and development and office campus in Thousand Oaks, Calif., have secured bridge financing after spending two years repositioning the asset. Los Angeles-based Alta West Partners closed the three-year, floating-rate loan of $49.8 million from Forbright Bank. JLL Capital Markets announced the financing Tuesday after representing the sponsor.  The…

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Design Firm Twelve Doubles HQ at Two Trees’ 45 Main Street to 14K SF

Design firm Twelve has upped its Brooklyn office headquarters by twofold.  Twelve inked a 7,000-square-foot lease expansion at Dumbo’s 45 Main Street, according to a spokesperson for landlord Two Trees Management. The deal doubles Twelve’s office footprint to 14,000 square feet, spanning part of the 12-story office building’s sixth floor.  The seven-year lease carried an…

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AT&T Renews 7K-SF Lease at Rudin’s 3 Times Square

Home is where the heart is, and telecommunications giant at&t is quite at home in the heart of Times Square.  The wireless carrier has renewed and extended its lease at Rudin’s 3 Times Square for another five years, Commercial Observer has learned. AT&T occupies 6,623 square feet of ground-floor and lower-level retail space at the…

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Brooklyn Powerhouse Sports to Open 11K-SF Facility in Sunset Park

Brooklyn Powerhouse Sports, a new fitness and athletic training facility, is opening its first location. Brooklyn Powerhouse has signed a 10,871-square-foot lease at Capstone Equities’ 14 53rd Street, known as the Whale Building, near the shore of New York Harbor in Sunset Park, Commercial Observer has learned. The company will set up batting cages and…

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Observer Media Relocates Offices to 1330 Avenue of the Americas

Commercial Observer writes tenaciously about Midtown’s office market. Now, it’s joining the action. Observer Media, the digital media company home to Commercial Observer and the Observer, is relocating its offices to 1330 Avenue of the Americas, a 40-story office building owned by a joint venture involving Creed Equities, Hakimian Capital, CH Capital Group and Nassimi…

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The South Florida Real Estate Market Leans Evermore on the Wealthy

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A Third of Maturing Multifamily Debt Needs Cash Infusion to Refinance

After September’s rate hike, $6.8 billion of fresh equity stands between maturing multifamily loans and a refinance. Loans written at 2021 and 2022’s low coupons are the hardest hit. 20 Exchange Place, a 54-story, 767-unit apartment tower near Wall Street that was built in 1929, was 94 percent occupied in the second quarter, and its…

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Stimdel Properties Files Plans to Build 612 Apartments in Astoria

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Southern California Retail Markets Tighten as Tenant Demand Picks Up

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Sunday Summary: Oh Me, Oh Moinian!

As you settle in with your first cup of joe of the morning, you should also drink in Commercial Observer’s Sit-Down with Joe Moinian. Some things we learned from this interview: Before real estate, Moinian was in the fashion business. (Now that he mentions it, yes, we’ll concede he was always one of the more…

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Pearlmark Provides $81M for Apartment Project in Coral Gables

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Mortgage Rates Slightly Higher Today, But Sharply Lower This Week

After dropping sharply over the past 5 days, mortgage rates finally reminded us that they’re still capable of moving higher. Thankfully, today’s bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th.  Even though today’s losses were minimal, they’re potentially informative. Much of this…

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Citi Provides $210M Refi for Grand Hyatt Resort in Southern California

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L.A. Industrial Vacancy Falls for First Time in Two Years

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Investment Firm Garnett Station Partners Expands to 35K SF at 450 Park Avenue

Garnett Station Partners, a New York-based private equity investment firm and alternative asset manager, is expanding its office footprint in Midtown Manhattan, Commercial Observer has learned. Garnett has signed an 11.5-year lease to expand its footprint by 10,392 square feet on the entire seventh floor of SL Green Realty’s 450 Park Avenue, where it has…

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Related Urban Secures $129M Financing for Downtown Miami Project

Related Urban Development Group said Thursday that it has arranged $129 million in financing for Gallery Lummus Parc, a 257-unit transit-oriented development in Downtown Miami. Greystone Real Estate Capital said it’s providing $80 million in construction financing and identified a $60 million permanent mortgage as a tax-exempt loan through Freddie Mac. Related Urban said additional…

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Union Investment Sells Meatpacking District Retail Condo for $27M

A high-profile retail space in Manhattan’s Meatpacking District has traded. Union Investment Real Estate, a Germany-based real estate investment manager, sold a retail condo unit at the base of the mixed-use 415 West 13th Street for $26.5 million, according to city records made public Wednesday. The buyer of Unit 1N was the LLC West Gotham…

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BridgeCity Lends $84M on Midtown East Office-to-Resi Conversion

CSC Real Estate has landed $83.5 million of acquisition and construction financing to reposition a Midtown East office property into luxury apartments, Commercial Observer has learned. BridgeCity Capital provided the loan for CSC’s planned 136-unit project at 136 East 57th Street in a deal that closed Oct. 13. CSC acquired the 20-story building for $10…

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News Outlet Semafor Takes 12K SF at 495 Broadway

The news never sleeps, and journalists want a comfy space to do their critical work.  Digital news organization Semafor has inked a 12,000-square-foot lease at WB Property Group’s 495 Broadway just off Broome Street in SoHo, tenant broker Okada & Company confirmed to Commercial Observer. The lease was first reported by Traded. The deal represents…

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Discover more from Home Loans Network | HELOC, Mortgage & Real Estate Investor Financing By the Real Estate Deal Room |PH: 312-392-0664

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