CBRE is laying off some of its workforce as part of a $400 million cost-reduction plan, reports Bisnow. Meta will spend $3 billion in lease terminations and other fees as part of a plan to shrink its office footprint, according to The Real Deal...
Bankers and advisers to private equity firms expect activity to pick up in early 2023, likely in the form of smaller minority transactions and mid-sized buyouts.
The fundamental problem will be that the diversity objectives trumpeted by major corporations will no longer match an objective that has been blessed by the courts.
In spite of concerns over inflation and potential recession, as well as some lagging pandemic effects, hotel asset managers expect RevPAR levels to exceed 2019 figures.
