- Private Equity Might Not Have A Post-Recession Bonanza This Time “Because capital markets weren’t the root cause of this recession, its impact varies wildly depending on the sector. And because the recession changed the way society lives and operates, distress for an asset might be more of a permanent condition, which makes the job of actually turning around the property a much more arduous task.” (Bisnow)
- Has the Pandemic Transformed the Office Forever? “The pandemic has collapsed these divergent trends into an existential question: What’s an office for? Is it a place for newbies to learn from experienced colleagues? A way for bosses to oversee shirkers? A platform for collaboration? A source of friends and social life? A respite from the family? A reason to leave the house? It turns out that work, which is what the office was supposed to be for, is possible to do from somewhere else.” (The New Yorker)
- Blackstone, LBA Logistics Recap $1.6B in Industrial Assets “The portfolios consist of 71 high-quality assets totaling 9.5 million square feet and are about 95 percent occupied overall. The properties are predominantly in last-mile locations in West Coast markets, the vast majority being in California and Seattle.” (Commercial Property Executive)
- Acquisitions and sale-leasebacks: Why tenants are making moves on their DFW real estate “Companies like General Motors, Copart Inc., Fritz Industries and Tuesday Morning have all executed sale-leasebacks or have bought the buildings they were leasing recently in North Texas.” (Dallas Business Journal)
- Could Luxury Pop-Ups Help Revitalize the Retail Market? “The Gucci and North Face collaboration is popping up in five other locations in the US and Canada. The concept is inspired by pins on a map and will be an immersive environment. It will be opened through February 14.” (GlobeSt.com)
- Chamath Palihapitiya tries to keep SPAC hot streak going with new plays in real estate and solar “Tech investor Chamath Palihapitiya continues to bet on young companies through blank check deals, announcing his involvement in two more reverse mergers on Monday morning.” (CNBC)
- The Maker of the Aeron Chair Grapples with Politics and the Pandemic “At the same time, Ms. Owen has been steering Herman Miller through a pandemic that closed offices worldwide — an existential threat to a company that makes office furniture and owns Design Within Reach, an upscale retailer.” (The New York Times)
- To Revive Manhattan, Wall Street Offers Help With Vaccinations “Now comes an effort from financial firms far afield from their normal territory: helping to distribute the Covid-19 vaccine. It’s a sign of how worried the industry is about its hometown, underscoring the fear that once it’s safe for employees to come back to Manhattan there will be little reason left for them to do so.” (Bloomberg)
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