- Global CRE Investment Up 95% in Q3 “Global commercial real estate investment has rebounded rapidly from the pandemic. According to the global brief from CBRE, global investment increased 95% in the third quarter with a total of $350 billion in investment volume. The activity brought the year-to-date investment volume to $800 billion, a 44% increase from 2020 activity and a 3% increase from 2019.” (GlobeSt.com)
- In a Supertall Tower, How Much Affordable Housing Is Enough? “It is an ideological battle being waged on one of the few sites in the city where these questions could seriously be posed: Can the city build sky-high towers for lower- and middle-income New Yorkers, when “supertall” — a term used to describe buildings just shy of 1,000 feet — has become synonymous with luxury condominiums?” (The New York Times)
- US REITs slow to embrace green building initiative “As of October 2021, only 25% of U.S. REITs have portfolios where at least 25% of properties are considered green, according to Sustainalytics BV, Morningstar's ESG-focused data company. Only 17% of U.S. REITs have portfolios where 50% or more of their properties are green. Further, only 7% of U.S. REITs reported a strong green building investment program, while 20% reported having some kind of program.” (S&P Global Market Intelligence)
- Why Retailers Win Big By Owning Real Estate “Retail chains like Amazon and Costco both have purchased warehouses to improve their warehouse operations, and they hope this action will save them money. It is a matter of control. When you own a warehouse that is critical to your operation, it is likely to be less costly if you operate the location and have developed an efficient distribution system that you control.” (Forbes)
- Supermarkets Play Supply-Chain ‘Whack-a-Mole’ to Keep Products on Shelves “Some packaged-food makers, struggling with stretched staffing and hard-to-find raw materials, are limiting shipments of products, companies said. In response, grocery buyers, who are in charge of planning and coordinating orders, are spending more time tracking down vendors, managing trucks that arrive late and searching for substitutes for out-of-stock items.” (The Wall Street Journal)
- Billionaire Marc Andreessen buys Malibu mansion for $177 million, a California record “Records show the seller was Serge Azria, a fashion mogul behind clothing lines such as Joie and Equipment. He bought the seven-acre property for $41 million from late film producer Jerry Weintraub in 2013 and had been quietly shopping it around for $218 million.” (Los Angeles Times)
- Landlord, Constable Sue Boston Over Its Eviction Moratorium “Mattapan landlord Janet Avila and constable David Boudreau earlier this week filed a lawsuit over the ban acting Mayor Kim Janey enacted in September. The moratorium was put in place a week after the federal eviction ban expired and has no end date. A preliminary injunction hearing is scheduled for 10 a.m. Tuesday in Boston.” (Bisnow)
- Why successful office re-entry requires a focus on employee well-being “Many teams and employees have faced prolonged isolation, stress and difficulties in establishing healthy boundaries between their personal and professional lives, leading to burnout and languishing. Many are also missing the social connections with their colleagues and are seeking collaboration in an environment separate from virtual meetings.” (Philadelphia Business Journal)
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