- U.S. Apartment Construction on Track to Reach 50-Year High in 2022 “Multifamily development activity is finally back to pre-pandemic level as developers have picked up the pace in both 2021 and 2022, despite headwinds related to labor shortages, material costs and availability and supply chain issues, according to Doug Ressler, manager of business intelligence at Yardi Matrix.” (Multi-Housing News)
- The Best Real Estate Returns Come After Recessions “In fact, superior returns in real estate tend to follow recessionary periods, according to the latest report from Cohen & Steers, which has $88 billion in assets, including $56 billion in real estate.” (Institutional Investor)
- Commercial Real Estate's ESG Push Has Industry Fighting Over Talent “Corporate America’s push toward ESG investment is predicated on the need to preserve precious resources and slash carbon emissions, but for commercial real estate firms seeking to expand their workforce in anticipation of more regulations and reporting requirements, one of the most precious resources might be talent with the right analytics experience and skills.” (Bisnow)
- Proptech Founders and Investors Sour on the Sector: Survey “Even as many proptech startup founders, venture capitalists and traditional real estate companies agree that the industry needs technological innovation more than ever, macroeconomic headwinds have caused them to temper their enthusiasm for the sector, at least in the near future.” (Commercial Observer)
- Cineplex Seeks to Revive Regal Merger After Cineworld Bankruptcy “Cineplex would need to garner broad-based lender backing for the merger and Cineworld hasn’t signaled support for merging its crown-jewel Regal chain with Cineplex in a bankruptcy deal, these people said. Cineworld doesn’t have a clear path out of chapter 11 yet, but it has the right to make its own restructuring offer to creditors before other alternatives can be proposed.” (The Wall Street Journal)
- Employees are afraid they’ll be fired first in layoffs if they’re working remotely. They could be right “But the power dynamic could hit a head if the recession we’ve been worrying about comes to be: 78% of American workers fear that remote employees are more at risk of losing their jobs during a recession that leads to layoffs than the folks who’ve returned to the office full-time, according to employment background check company GoodHire’s second annual ‘State of Remote Work’ report.” (Fortune)
- GM delays return-to-office plan to 2023, just days after it said staff would be required to come back this year “However, in a memo seen by Insider, senior leaders walked back the plans on Tuesday, telling workers that the change will not begin before the first quarter of 2023. The ‘clarification’ came after dialogue that had taken place since Friday's announcement, GM said.” (Insider)
- UCLA wants more students but has no room. So it’s buying a campus in Rancho Palos Verdes “In a milestone move to expand enrollment at the nation’s most popular university by creating a satellite campus, UCLA announced Tuesday that it is buying two large properties owned by Marymount California University, a small Catholic institution in Rancho Palos Verdes that closed its doors last month.” (Los Angeles Times)
- Beyond Yoga moves into physical retail “Based in Los Angeles, Beyond Yoga was founded in 2005 to promote body positivity, with inclusive sizing that runs from XXS to 4X. It is known for its soft, stretchy and comfortable offerings. The 4,000-sq.-ft. Santa Monica store showcases the brand’s full collection, including active, lifestyle, maternity, sleepwear and extended sizing, along with its men’s line.” (Chain Store Age)
- DLR Group and Hines to deliver the metro’s first mass timber office building “Located in Chicago’s North Branch Framework along the Chicago River, the building supports the redevelopment of Goose Island into a highly sought-after commercially anchored district, according to DLR Group.” (Real Estate Journals)
- What it’s like to work in the world’s greatest office “Vox’s Phil Edwards visited the headquarters to find out — and actually try to work there. First, he visited Wright’s nearby Hardy House, an earlier design that features many of the same Wright signatures found in the SC Johnson building, from custom-designed furniture to ideas about compression and expansion.” (Vox)
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