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October 11, 2021

As World Reopens, Foreign Investors' Return To U.S. CRE Could Be Imminent

[In-Person] JMH Developments' Jason Halpern discusses the importance of The Astor LIC Oct. 27

Foreign commercial real estate buying lessened during the coronavirus pandemic, as the U.S borders slammed shut. But overseas buyers are said to be returning, albeit slowly, to the market.

As World Reopens, Foreign Investors' Return To U.S. CRE Could Be Imminent

“You just can’t get over borders easily,” Jason Weissman, the founder of Boston Realty Advisors, said during Bisnow’s National Real Estate Finance Summit in Manhattan last week. “We’ve functioned very well, actually, domestically here considering that the international capital really has not been on our soil.”The impact of the crisis…

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Accounting Firm Consolidates To 145K SF At MetLife Building

Accounting Firm Consolidates To 145K SF At MetLife Building

An accounting firm is bringing all of its New York City operations into the MetLife Building above Grand Central Terminal.Accounting company BDO USA will take up 145K SF at 200 Park Ave., owned by Tishman Speyer and The Irvine Co., for 15 years starting in 2024, consolidating three existing locations, the…

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Proptech Company Grows To Over 100K SF At L&L's FiDi Tower

Proptech Company Grows To Over 100K SF At L&L's FiDi Tower

A homegrown real estate technology company has inked a large expansion deal in Manhattan’s Financial District, another tick in the win column for the city’s embattled office market.Orchard Technologies has signed a lease for 107K SF at L&L Holding Co.‘s 195 Broadway, Cushman & Wakefield announced. Orchard’s…

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Trump's D.C. Hotel Lost Over $70M During His Term, House Panel Finds

Trump's D.C. Hotel Lost Over $70M During His Term, House Panel Finds  

More details are coming to light about the way Donald Trump ran his business during his four years in the White House, and the latest revelation concerns his prominent hotel on Pennsylvania Avenue, blocks from his old address. In a letter Friday…

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'I Hope That They Get Excited': The Rarity And Importance Of Latino Success In CRE

As the CEO of a company that has completed multibillion-dollar transformational redevelopment projects, Roberto Perez doesn’t dwell on how rare it is for a Latino to be where he is. Instead, he chooses to focus on what he can do from his position.

“I like to lead by example, and I come from a humble background in the sense that I don’t come from the real estate world,” said Perez, who runs Chicago-based HRP, a subsidiary of Hilco Global formerly known as Hilco Redevelopment Partners. “So I started from scratch, and today I have the opportunity to cause change not only in how we clean up assets, but in how we deploy capital among contractors who have to hire subcontractors, and in how the project gets developed. When a young Latino kid sees somebody like me being successful, I hope that they get excited and they can imagine doing it, too.”

Latinos are the largest minority group by population in the U.S. and the second-fastest-growing after Asians. Like other ethnic minorities in the U.S., Latinos make up a larger portion of urban areas than suburbs or rural areas. But, with the unique and notable exception of Miami, they occupy a vanishingly small portion of leadership at commercial real estate companies, even in cities like New York and Los Angeles that are home to the largest Latino populations in the country. 

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The War For Top CRE Talent Is Heating Up. Here Are 4 Tips To Help Employers Win

PRESENTED BY:   Bisnow
 
The War For Top CRE Talent Is Heating Up. Here Are 4 Tips To Help Employers Win  

Despite the ongoing pandemic, the commercial real estate industry is on an upward trajectory. There are approximately 3.5 million CRE employees nationally, a 2.9% increase over last year. As the industry continues to ramp up, now is the time for CRE employers to assess their processes for hiring and retaining…

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