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December 14, 2020

CRE Auctions Get Their Moment In The Sun. Will It Last?

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Real estate auctions in the U.S. have long been considered a domain of bank foreclosures and little else, but as the coronavirus pandemic increases the need for online transactions — and foreclosure auctions — it has also started to encourage more people to see them as a legitimate way to buy and sell commercial real estate.

CRE Auctions Get Their Moment In The Sun. Will It Last?

Greater transparency, advances in technology and people’s desire to transact quickly are all pushing investors to opt for auctions, particularly as stress ripples through the market as the crisis wears on, proponents say. Short supply of stabilized assets for sale also means more people will look to buy via public bids, sources said.But the…

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Deutsche Bank Could Move Half Of Its New York-Based Staff Out Of The City

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A major bank may shuffle 50% of its New York City staff, which could impact its footprint in the country's largest office market. Deutsche Bank is considering moving 2,300 workers to locations outside the city after a trial with work-from-home prompted by the coronavirus pandemic was successful,…

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‘This Too Shall Pass’: 43 Real Estate Execs On The Biggest Lessons Of 2020

The last 280 days of the coronavirus pandemic have been unprecedented, unimaginable and tragic in countless ways. From an economic perspective, where we work, where we eat, where we shop — where we do anything — is still mostly in flux. It’s anyone’s guess what will come back stronger, or perhaps not at all. At every level of real estate and the global economy, people and companies are suffering.

But as a vaccine starts to be distributed, things could start to turn around, and businesses are looking at how their strategy should be different in the new year.

Bisnow reached out to commercial real estate executives across the world — from Calabasas, California, to Birmingham, England, and wherever else the business class is working from home — to ask a simple question: How has 2020 changed the way you're going to run your business moving forward?

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CRE's Next Generation: How Developer Abiud Zerubabel Is Filling His Downtown Apartments And Looking To Buy More

 

This series asks rising stars in commercial real estate about their thoughts on some of the biggest issues facing the industry, such as inequality, climate change and technology.

The pandemic has put a strain on midsized real estate companies like Acumen Cos. that own urban apartments, as they have seen vacancy rise with young professional tenants moving home or fleeing to the suburbs. 

Acumen Cos. Chairman Abiud Zerubabel, whose firm owns about 1,000 apartments in D.C., Maryland, Virginia and Los Angeles, said his portfolio experienced a sharp increase in vacancy in May, June and July as its predominantly millennial tenant base moved out. 

He decided to use this difficult situation as an opportunity to pivot his business model. 

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For More Protection, Some Data Centers Are Headed Underground

A need for disaster readiness combined with rising sustainability standards across the industry has put a spotlight on a growing niche: underground data centers. 

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