- Real Estate Roundtable: Break deadlock on $1T infrastructure bill “John Fish, chairman and CEO of Suffolk Construction, in July took the reins of the Washington, D.C.–based organization. It consists of the nation’s industry leaders from publicly held and privately owned firms in real estate and adjacent sectors, including landlords, developers and lenders, as well as the heads of 19 national real estate trade associations. He joined the Real Estate Roundtable’s president and CEO, Jeffrey DeBoer, to discuss the situation with The Real Deal via Zoom.” (The Real Deal)
- There's A Generational Divide Over Proptech, And It Could Help You Snag A Better Salary “As technology becomes more integrated into workspaces, those selling and leasing offices need to be more fluent in using and explaining these systems. That shift is exposing generational rifts within real estate firms, and underscoring the importance of technological literacy and skills.” (Bisnow)
- Commercial Real Estate's New Foundation: Cybersecurity And Data Protection “Secure access to this information — particularly key, proprietary data — is the critical pathway to operate at scale with speed and precision. Yet with increasing and expanding use of data assets, there are corresponding data liabilities. This is the new balance sheet as the real estate business is digitized.” (Forbes Real Estate Council)
- After huge head start for rest of US, NY now ranks 1st in rent relief rollout “Moreover, the benchmark represents a red flag for the broader rent relief rollout nationwide. Many states have had access to federal relief funds since February. Yet, as of Monday, only $7.75 billion of the first $25 billion tranche of funding — or about 16 percent of the total $46.5 billion pot — has been approved or distributed, according to data from the National Low Income Housing Coalition.” (The Real Deal)
- Walker & Dunlop, Ivanhoé Cambridge Strike Seed Investments Partnership “The joint venture will make preferred equity investments in multifamily, student housing, and manufactured housing properties throughout the US. Its strategy will focus on identifying opportunities with stabilized properties, primarily in top 25 MSAs, with three-to-ten-year investment horizons.” (GlobeSt.com)
- Walmart to Test Self-Driving Delivery Service With Ford and Argo AI “The commercial service will be available to Walmart customers within certain areas of the three cities and will expand over time, the companies said. The initial integration testing is set to begin later this year, they added. Argo AI, a self-driving technology company, is backed by Ford and Volkswagen AG.” (The Wall Street Journal)
- As Traditional Office Recovery Falters, Coworking Firms Continue To Bounce Back “Coworking operators say that uncertainty has benefited their business model. Multiple operators told Bisnow they have seen significant gains in occupancy continue through the summer, with many small-to-midsized firms still choosing flexible office options and shorter leases.” (Bisnow)
- MBA releases new commercial, multifamily delinquencies report “The balance of commercial and multifamily mortgages that are current increased 11 basis points to 96.6% in August. Only 2.2% of outstanding loan balances were 90+ days delinquent or in REO, down from 2.9% in July.” (MPA Mag)
- CBRE Unveils New Brand Positioning that Underscores Company’s Evolution into Diversified Global Business “CBRE Group … announced new brand positioning including a new vision, “Realizing Potential in Every Dimension” and global corporate website. The new positioning underscores the company’s continued evolution into a provider of highly diversified, integrated services that meet the full range of investor and occupier requirements at all stages of the real estate lifecycle.” (Via press release)
- How Bond Investors Can Also Jump on the ESG Train “Investor appetite for ETFs focused on ESG-friendly bonds has surged this year. From the start of the year through Aug. 31, ETFs focused on ESG bonds recorded inflows of about $2.1 billion—about the same amount as for all of 2020, says Dave Nadig, chief investment officer and director of research at ETF Trends.” (The Wall Street Journal)
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