News

06
Dec

How warehouses are taking over the U.S.

This year, retailers pulled in $8.9 billion in Black Friday online sales. The products that are ordered and sent home are stocked in warehouses all over the US.  According to JLL estimates, “the U.S. may need an additional 1 billion square feet of new industrial space by 2025 to keep up with demand.” Read more...
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23
Nov

Being your own ‘landlord’ is the only way you can insulate yourself from inflation

Can the one thing that’s inflation-proof be land? Watch Bill Smead, chief investment officer at Smead Capital Management on CNBC’s video about the benefits of investing in land and your home.       https://www.cnbc.com/video/2021/11/17/watch-cnbcs-full-interview-with-smead-capital-managements-bill-smead.html
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19
Nov

Australia’s Office Sublease Market Recovering, Regardless of City Lockdowns

Reports show that sublease availability across Australia’s major cities has now fallen to the lowest level in a year, despite Australia’s covid lockdown restrictions. Mark Curtain, Pacific Head of Office Leasing Mark Curtain at CBRE stated, “we expect sublease availability to continue to decline in most markets over the coming months as occupier demand increases...
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09
Nov

Ithaca, New York to decarbonize its buildings by 2030

In an effort to decelerate climate change, Ithaca, New York voted to decarbonize and electrify buildings in the city as they strive to go completely carbon neutral by 2030. Read more about their aggressive timeline and the companies that will partner to help them achieve their goals.   https://wamu.org/story/21/11/06/to-fight-climate-change-ithaca-votes-to-decarbonize-its-buildings-by-2030/
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02
Nov

Austin nails ranking as one of nation’s top commercial real estate markets

We’ve all heard it – Austin is “booming.” Tech companies and other industries continue to re-locate or open new offices in Austin. Read the latest on who’s moving and what that means for Austin real estate.   https://austin.culturemap.com/news/real-estate/11-01-21-report-austin-one-of-top-commercial-real-estate-markets/  
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26
Oct

As WeWork goes public, here’s what its executive chairman and CEO think about the future of work and the company

You might have seen Hulu’s WeWork documentary by now. After originally being valued at $47 billion, the company is going public this month under “WE”  ticker, being valued closer to $9 billion. Read below to hear what Marcelo Claure, WeWork’s chairman has to say about going back to work and the future of the company....
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19
Oct

Tesla To Relocate Headquarters to Austin, Texas, From California

After a positive test-run in Austin, TX with Tesla’s Gigafactory factory, the decision to move headquarters from Palo Alto to Austin has been made. Musk announced last Thursday that a $1.1 billion manufacturing plant is in the works. What will this mean for Austin real estate? Read the full article here: https://product.costar.com/home/news/shared/1180321570?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p1&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiI0ODE0OTc1IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTYzMzcwMTY1OH0.6igsNwXOwEb-3PYvkVW6CCpCIgP9bS69-RwXWtu9fU4    
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04
Oct

China’s embattled developer Evergrande is on the brink of default. Here’s why it matters

With Evergrande consumed with nearly $300 billion worth of debt, what are the next steps for China’s second-largest property developer and who could be affected in the fallout?   https://www.cnbc.com/2021/09/17/china-developer-evergrande-debt-crisis-bond-default-and-investor-risks.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
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27
Sep

Google plans to buy New York office building for $2.1 billion

While many of Google’s employees are still practicing WFH, the company plans to purchase the St. John’s Terminal building which will mark this as “the most expensive purchase for any single U.S. office building since the pandemic’s inception.” Could this mean there are brighter days ahead? Read CNBC’s article here: https://www.cnbc.com/2021/09/21/google-plans-to-buy-new-york-office-building-for-2point1-billion.html
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