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June 4, 2019

JLL Managing New Northern Virginia Soccer Stadium As Part Of Growing Sports Business

EJF Capital CEO Manny Friedman to discuss $500M opportunity zone fund at Bisnow's Opportunity Zone Summit June 26

Every time the Washington Capitals score a goal at Capital One Arena, the buzzer that rings throughout the venue is sounded by an employee of real estate firm JLL, part of the company's growing sports and entertainment team. 

JLL Managing New Northern Virginia Soccer Stadium As Part Of Growing Sports Business

JLL recently secured a deal to manage its fourth venue in the D.C. region, the new 5,000-seat stadium being constructed in Leesburg for Loudoun United, the USL affiliate of D.C. United. The deal represents the continued growth of the firm's foray into the world of sports venues,…

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Federal Realty To Move HQ To New Pike & Rose Office Building

Federal Realty To Move HQ To New Pike & Rose Office Building

As Federal Realty seeks to attract tenants to its new spec office project in North Bethesda, the company aims to lead by example. The retail REIT plans to move its headquarters to a 40K SF space in 909 Rose, an office building…

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Wine Bar Concept Expanding To D.C. With First Location Outside Of New York

Wine Bar Concept Expanding To D.C. With First Location Outside Of New York

A New York City wine bar company has chosen to expand to D.C. with a 14th Street location, and it has a nose for future growth. Vin Sur Vingt signed a 2,200 SF lease at 1529 14th St. NW, where it will replace Drafting Table in the ground floor of…

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Racism, Bias And Self-Doubt: Being A Minority In Real Estate In 2019

 

LONDON — Real estate shapes every aspect of the world we live in. But it doesn't reflect society, especially when it comes to ethnicity. Just 1.2% of people working in the built environment in the UK identify as black, Asian and minority ethnic, according to data from the RICS and EY. That is compared to 14% of the UK population, and 40% of the London population. The gender gap in UK property is well known and often discussed, with just 14% of the industry female. The ethnicity gap is even wider, and the record of property companies in hiring, supporting and promoting BAME staff even worse.

Bisnow teamed up with networking organisation BAME in Property to undertake a survey of its 400 members and find out what it is like to identify as BAME and work in UK property in 2019.

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Co-Living Is In Growth Mode As Gentrification Issues Shake Up Major Cities

 

Growing student loans, housing affordability concerns and rising construction expenses birthed a new asset class known as co-living over the past five years. As that sector grows rapidly in an attempt to give younger professionals higher-end living at lower rents, institutional players are expected to take notice soon.

“This is an emerging market niche that shows the potential to be as big as the student housing space,” Cushman & Wakefield Managing Director Susan Tjarksen said.

Tjarksen released a report on co-living in which she found the asset class already has 3,700 beds nationwide and another 9,300 in the pipeline among major co-living operators.

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Flagship Stores Sinking In Use As Retailers Struggle For Relevance

Flagships have long been considered a key part of any retail brand — and the type of offering considered well-equipped to survive the e-commerce blitz. But a series of major closures this year has many grappling with how these costly flagship stores should be reshaped for retail’s new world order.

On Wednesday, Abercrombie & Fitch became the latest company to step back from flagships, announcing it would close three more locations around the world, including the Hollister store in SoHo, joining a slew of retailers that have moved to close high-profile flagship locations this year.

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Beyond The Bio: 16 Questions With Common Founder/CEO Brad Hargreaves

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

In the four years since Common debuted its first building in Brooklyn's Crown Heights neighborhood, the co-living industry has exploded in terms of its reach and diversity. 

Though the competition means that Common founder and CEO Brad Hargreaves is forced to innovate (such as with new ventures like family-focused apartment concept Kin), it also means that his idea turned out to be prescient and his timing nearly perfect — a far cry from one of Hargreaves' earliest ventures.

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