Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Big companies are making plans to stick with city-center office buildings, but they are cutting back on space and driving down rent prices for years to come, according to an analysis of U.S. office leasing trends prepared for The Wall Street Journal.
Wall Street Journal
Google the phrase “Shaquille O’Neal investor,” and you will be inundated with a list of activities that, much like his physique, is strikingly large. The latest area of interest: advising blank-check companies.
The Real Deal
Though Compass priced its stock at $18 — more conservative than the $23 to $26 per share it initially targeted — it closed at $20.15 on its first day of trading. The IPO raised $450 million for the company, minus $22.5 million in underwriting fees, according to the company’s final prospectus filed Friday.
AXIOS
Founders have two options after being forced out of their company by what they view as unscrupulous investors. One is to keep a stiff upper lip. The other is to lash out.
Fast Company
President Joe Biden has just proposed one of the most significant investments in affordable housing in the nation’s history. Inside the far-reaching $2.25 trillion infrastructure plan just announced by the Biden administration is $213 billion to support affordable housing. The plan’s overview calls for the funding to “produce, preserve, and retrofit more than 2 million affordable and sustainable places to live.” …
The Washington Post
The Biden administration and private companies are working to develop a standard way of handling credentials — often referred to as “vaccine passports” — that would allow Americans to prove they have been vaccinated against the novel coronavirus as businesses try to reopen. …
CREtech+
Merritt Hummer, Partner at Bain Capital Ventures, discusses the fine line successful founders need to toe in order to achieve success, as well as the importance of experimentation.
Bisnow
WeWork, the coworking leader that had grown rapidly prior to its failed IPO in 2019, is now going public in a deal that could have major implications for the office market.
Verdantix
Looking to invest in new information architectures, enhance the granularity of disclosures and overhaul ESG risk management? Join the Verdantix virtual event to hear from experts and practitioners on how to invest in a corporate ESG strategy that delivers better control over ESG risks and performance whilst also meeting the wide-ranging requests for disclosure from investors and regulators.
CREtech+
Michael Turner, President of Oxford Properties, reflects on what he’s most proud of as a leader, the challenges the industry is facing, and why it is vitally important to follow your curiosity. …
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