2 STORIES / PSV ORIGINAL REPORTING
What an AI agent is in CRE terms, the layers of a working agent, and the case for owning rather than renting.

THE LEAD / AI AGENTS
What happens if the vendor goes public and decides to 10x the usage cost? A principal asked PSV that question about an AI stack built on Claude, and it applies equally to ChatGPT, Copilot, and every workflow tool on top of them. It deserves a better answer than reassurance. Prices move, vendors get acquired, models deprecate. The firms that survive repricing without drama share one property, and it is not a clever contract. It is an architecture decision made on day one, and it costs nothing extra to make.
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by PSVLiveThe AI MBA for commercial real estate: the workflows this desk reports on, taught end to end on real deal files.