‘Compassionate Capitalism’ Has An Expiration Date, And Investors Are Eyeing Their Targets

The commercial real estate industry has pushed toward sustainability for years, but the upcoming presidential election could determine whether those efforts get a shot in the arm or continue piecemeal.

If President Donald Trump stays in office, it would likely mean four more years of local decision-making power and limited environmental regulations. If former Vice President Joe Biden wins the White House in November and his aggressive sustainability platform is adopted, it would mean retrofitting 4 million buildings across the country, creating thousands of CRE jobs in the process. Some in the industry view added environmental regulations as a headache or governmental overreach, but the push could be well-timed: The nature of the office and building design are already going through pandemic-fueled upheavals.

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Tristan Capital Partners Chairman Ric Lewis isn’t afraid to speak bluntly about how an organization should increase diversity within its ranks.

“Just do it,” he said during the Bisnow webinar It’s Time To Start Failing Forward Into Diversity, moderated by Maples Teesdale partner Anastasia Klein. “If you don’t have diverse talent in your spaces, it’s because you don’t really want it, you haven’t tried hard enough or your spaces aren’t welcoming enough to sustain diversity. That’s just the reality. If you wanted to go to a new market, you’d figure out how to do it. If you want diversity, you will figure out how to do it.

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