- ‘What We Have Been Waiting For’: Ventas Execs See Tides Turn on Senior Housing, Share Bullish Projections “Still, leaders with the Chicago-based real estate investment trust (REIT) believe that the margin expansion seen in 3Q2022 is not a one-off event and that margins will continue to expand in the future – and could be observable as quickly as the fourth quarter.” (Senior Housing News)
- Companies still have way too much office space, and they can’t sell it “CFOs have told us that as their companies go to hybrid work and corporate hub models that make less use, if any use, of satellite offices, there is real estate to be sold. And they aren’t selling it now. Ptacek says that’s the right decision.” (CNBC)
- Data Center Giants Scramble For Cash Needed To Meet Demand “While demand may not be slowing any time soon, the already challenging development landscape — hampered by supply chain chaos, little available land, and power and labor shortages — is becoming even more difficult. Inflation is bumping up development costs by 5% to 10%, according to Digital Realty, while rising interest rates and general economic volatility have made financing far less certain.” (Bisnow)
- Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses “Now, Ms. Wilson and other small-business owners may have a new avenue to secure that kind of financing. Macy’s, the largest department store in the United States, plans to invest $30 million over the next five years into three financing channels meant to support businesses run by people from underrepresented groups in the retail industry.” (The New York Times)
- Trump Friend Thomas Barrack Acquitted of Illegal Lobbying Charges “A jury found Barrack, founder of Colony Capital, not guilty of all charges over federal claims that Barrack lobbied the then-president on behalf of the United Arab Emirates and lied about it to federal law enforcement.” (Commercial Observer)
- Could Office Conversions Solve NYC’s Housing Crisis? “Regardless of the debates on how much office space will be absorbed, few can argue that there is a desperate need for housing. I have heard estimates that New York will be at a 530,000-unit deficit by 2030. With 421a expiring, I can personally attest that we have seen a massive drop in land sales. In 2018, the quarterly average for land sales is 24. Five years later, In the third quarter of 2022 there were 14 land sales, which represents a 43% decline off the average.” (Real Estate Weekly)
- 'Desk-bombing' didn't die during the pandemic. It's back – and still infuriating plenty of workers. “That's the term for a colleague coming over to your desk for a conversation about work – or simply a casual chat. While some workers prefer doing that over sending an email or DM to a colleague, especially if they're also in the same room, others hate the interruption to their workflow.” (Insider)
- The Housing Market Is Worse Than You Think “Between soaring prices and rising rates, the typical home buyer in October paid 77 percent more on their loan, per month, than they would have last year, according to Realtor.com. With a national median asking price of $425,000 and a 10 percent down payment, that works out to an additional $1,117 every month.” (The New York Times)
- Better Than Home: Utilizing Hotel-Style Amenities In Commercial Real Estate “In the past, commercial developers have looked to apartment buildings to guide their decisions about which amenities to include in their properties. Features like on-site gyms, recreational facilities and dedicated doormen mirrored amenities commonly found in apartment buildings. It made sense at the time; they wanted a commercial building to feel recognizable, welcoming and like an extension of the home.” (Forbes Business Council)
0 comments
Hide comments
