- A New Focus on Amazon Warehouses “The tragedy raises concerns about the e-commerce giant’s use of contractors. The biggest is how Amazon prepares facilities and workers, whose ranks swell during the holiday season, for emergencies. Of the 190 people who worked at the Edwardsville delivery center, only seven were full-time Amazon employees, a local official told The Times’s Karen Weise and Eric Berger.” (The New York Times)
- Data Centers Are Red-Hot, But They Are Increasingly Facing A Much More Hostile Local Landscape “As the footprint of digital infrastructure in the U.S. expands and decentralizes, and as data centers — and their potential local impacts — go from obscurity to a growing presence in the public consciousness, industry insiders say that those looking to build these facilities will need to make adjustments to account for this new political reality.” (Bisnow)
- How Proptech Is Changing Property Management “The past year and a half following the upheaval resulting from COVID-19 upended many assumptions about the commercial real estate arena. In response, proptech innovation gained traction to help commercial real estate professionals and their customers. Partner Insights spoke with Jennifer Parker, Chief Revenue Officer and Managing Director, Commercial Real Estate Digital, for JPMorgan Chase about the industry’s progress.” (Commercial Observer)
- Why U.S. Job Gains Are So Hard to Count During Covid-19 “In the days leading to the report on November payrolls, economists surveyed by The Wall Street Journal believed employers added 573,000 jobs that month. The Bureau of Labor Statistics said the actual number was 210,000, and it added 82,000 more jobs to its initial October payrolls estimate for a new total of 546,000.” (The Wall Street Journal)
- COVID-19 Increases Flexible Office Space Demand — And Providers’ Strategies “The pandemic has upended the way professionals work, ushering in a hybrid model of coming into the office only on certain days. It's also increasing flexibility in office space, changing the way workplaces are offered, designed and even defined.” (CoStar)
- Here’s where the top contenders for NY governor stand on real estate “Tenant protections and a key tax break for developers are just two of the real estate issues shaping the early stages of New York’s gubernatorial race, establishing whether a growing number of Democratic hopefuls — including, most recently, Long Island Rep. Tom Suozzi — fall to the right or left of incumbent and perceived moderate Kathy Hochul.” (The Real Deal)
- Renovation boom drives demand for contractors “Whether it’s turning a bathroom into a spa-like retreat or bringing a fresh look and smart appliances into the kitchen, remodeling projects abound. In fact, more than 70% of U.S. homeowners are planning or considering a home renovation project before the end of the year, according to a recent survey by the tool manufacturer DEWALT, which is a Stanley Black & Decker brand.” (Austin Business Journal)
- Will Outdoor Terraces and Chefs Lure You Back to the Office? These Buildings Hope So. “Developers and the tenants that occupy big blocks of space across the U.S. are making expensive gambles on real estate perks designed for the uncertainties of the pandemic era, hoping the additions will be enough to lure reluctant employees back to the office and retain top talent in high demand. The changes offer hope to owners of trophy properties from New York to Seattle who feared disaster for their investments not that long ago.” (The Wall Street Journal)
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