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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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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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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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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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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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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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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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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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As companies work towards net-zero emissions, accurate KPI’s for measuring the overall carbon footprint is crucial. Watch the video to learn new ways to measure and report on these metrics.   https://www.cnbc.com/video/2021/09/15/why-the-market-for-emissions-tracking-software-is-exploding.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard    
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Companies such Salesforce, Bumble, Lyft and Uber react to the Texas Senate Bill 8. The effect is widespread as employers try to do what’s right by their female employees and families. Read more about the actions these companies are taking. https://www.cnbc.com/2021/09/10/salesforce-offers-to-relocate-employees-from-texas-after-abortion-bill.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard  
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