AFIRE

@nardotrealtor has released the July #CRE Outlook, detailing how low leasing velocity and bank failures are impacting the market as a whole. ow.ly/S4BM50Ppt7h

Hospitality offers a beacon of light to some investors in the ongoing recession with its high demand and in-office workers. @Forbes writes: ow.ly/pi3a50PpsV2

"Repurposed" office spaces, or those with more compatibility with flexible working arrangements post-COVID, are clear winners as occupancy remains low in many cities. From @rc_markets: ow.ly/rKsb50PpsTX

Cities nationwide are being forced to rethink their designs as cars are increasingly unpopular modes of transportation for many urban areas. More bike lanes and walkable neighborhoods are clearly important to citizens. @CityLab reports: ow.ly/xOMR50PpsQH

The record-breaking heat of this summer has accelerated concerns about air pollution in several areas around the world. Some housing projects are experimenting with more AQI-conscious regulations (via @commobserver). commercialobserver.com/2023/07/air-qu…

JUST ANNOUNCED speakers at the AFIRE Annual Members meeting Sept. 11-13 in New York City include @gmhcommunities, @AnthonyEMalkin, Michael Phillips of Jamestown, @ScottRechler, Steve Weikal of the @MITCRE and others. To register: afire.org/events/2023amm/

While many sectors continue to struggle, student housing is coming into its own. College towns especially struggle with low housing supply, offering a unique opportunity for investors looking to grow multifamily portfolios. From @trdny: 8 therealdeal.com/national/2023/…

Post-COVID, many hotels are instituting parking fees to grow revenue. Even as occupancy rates remain low, several businesses report a boost from collecting additional fees from guests. @GlobeStcom has more: ow.ly/ig4250PpsM8

Anthony Malkin of @ESRTsocial, owner of @EmpireStateBldg, joins @gbranson on our latest podcast to discuss the modernization of the #Manhattan #realestate jewel. If the century-old Empire State Building, can do it, Malkin argues, others can, too. afire.org/podcast/202311…

AFIRE members: The 2023 Global Real Estate DEI Survey from NAREIM launched this week, allowing real estate leaders the opportunity to provide an up-to-date benchmark for gender, ethnicity and nationality across commercial real estate industry globally. afire.org/summit/nareim2…

Investors are stockpiling to fill the emerging equity gap. @pillsburylaw partners Andrew Weiner and Josh Becker provide context on these #rescuecapital deals—in the latest issue of AFIRE’s Summit Journal. afire.org/summit/rescuec…

Experts from Morgan Stanley caused a stir when they announced that the coming recession could be worse than the Great Financial Crisis, but other experts are weighing in with a bit less doom and gloom. @FortuneMagazine has more: ow.ly/4m6K50PeiBo

CRE continues to be threatened by especially high rates of office vacancies post-pandemic, even as the stock market improves and the economy as a whole looks more hopeful. From @CityLab: ow.ly/2EYz50Pei2S

Central banks are taking measures to combat rate hikes, but these moves may just delay an even sharper spike in inflation going forward, particularly toward mortgage rates. @WSJ writes: ow.ly/mmoM50PehYq

AFIRE members: The 2023 Global Real Estate DEI Survey from NAREIM launched this week, allowing real estate leaders the opportunity to provide an up-to-date benchmark for gender, ethnicity and nationality across commercial real estate industry globally. afire.org/summit/nareim2…

Renters are targeted by housing search scams that duplicate real listings and trick would-be tenants into sending a "deposit" for the space. Proptech could offer a solution as the housing crisis makes renters especially desperate. @commobserver has more: ow.ly/xrIz50PehTm

New from Summit Journal and @pillsburylaw: Hard times make for opportunistic strategies, and rescue capital could see increased adoption in the current climate. How should investors prepare? afire.org/summit/rescuec…

In the latest Summit Journal, Brian Klinksiek, the global head of research and strategy at @LaSalleIM, argues that the fix for those empty U.S. downtowns involves a more European approach to development. Learn more: afire.org/summit/issue12/ #realestatedevelopment #CRE

Law firms traditionally take up a significant amount of office building leases nationwide, but that trend may be threatened. To date, lease renewals are down 13% among legal companies. @trdny reports: ow.ly/MPOS50PehRP

AFIRE members: The 2023 Global Real Estate DEI Survey from NAREIM launched this week, allowing real estate leaders the opportunity to provide an up-to-date benchmark for gender, ethnicity and nationality across commercial real estate industry globally. afire.org/summit/nareim2…