- CES Plans Return to Las Vegas in 2022 “The Consumer Technology Association, the trade group that puts on the event, said CES will begin Jan. 5 with at least 1,000 companies, from Amazon.com Inc. to Sony Group Corp. , already signed up to show off their innovations.” (The Wall Street Journal)
- Hotel rates on the rise as travel demand ticks up “Accommodations in high-demand regions — near beaches and national parks, for example — are now above pre-Covid levels, Kohli noted, although major metro areas like New York and Chicago are still seeing depressed rates thanks to a slower recovery.” (CNBC)
- National VODI - An imminent return-to-work? “With the arrival of spring, commercial office tenants appear more than ready to start exploring spaces and imagining the possibilities for the post-pandemic office world. Nationally, new demand for office space in core markets surged upward in March to 86 index points, increasing by a stunning 19 VODI points from 67 in February. That is a monthly growth rate of 28 percent, over three times the 2018 and 2019 March monthly average of 7 percent.” (VTS)
- ‘Research Shows You’re Better Off Choosing A Woman’: So Why Don’t They Get The Top CRE Jobs More Often? “There’s a frustrating nature versus nurture argument at play when looking at this gender imbalance. Are culture and social elements driving the lack of diversity in leadership, especially within an industry traditionally characterized as being led by the impulsive, aggressive and relentless, attributes more commonly assigned to men? Or is the divide more a result of a long-term lack of opportunity, mentorships and career paths for female executives?” (Bisnow)
- California Is Awash in Cash, Thanks to a Booming Market “The rising market minted new millionaires and padded the incomes of the state’s wealthiest residents, who typically own a lot of stock. And for California, that meant a windfall. Its taxes on such stock-based gains are the highest of any state, and its largest revenue source is personal income taxes.” (The New York Times)
- Danny Meyer New Chair of NYC Economic Development Corporation “Famed restaurateur Danny Meyer has been tapped by Mayor Bill de Blasio to become the chairman of the New York City Economic Development Corporation, de Blasio announced Tuesday.” (Commercial Observer)
- Global real estate CEOs plan for industry transformation “The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released by the World Economic Forum. COVID-19 has revealed vulnerabilities throughout the real estate industry, ranging from indoor air quality problems to excess supply and accelerated underlying demand drivers, which need to be addressed for buildings and cities to be healthier, prosperous and more sustainable.” (insight.)
- New York Will End Dining Curfew, Bring Back Bar Seating Next Month “Beginning on May 3, bar seating will be allowed in NYC after being off limits for more than a year. Restrictions on catering businesses have also been loosened, with catered events at residences allowed again starting the same day. The 12 a.m. curfew will be lifted for outdoor dining starting on May 17, and indoor dining starting May 31, according to a press release from the governor’s office.” (Eater New York)
- A Billion-Dollar Battle Over a Parking Lot at the Seaport “As New York real estate sagas go, the battle over 250 Water Street (the lot’s address) approximates the Thirty Years’ War. The site, between Pearl and Water Streets, occupies an entire, misshapen city block just inside the last architectural vestige of New York’s 18th and early 19th century mercantile waterfront.” (The New York Times)
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