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August 19, 2020

Office Owners Consider Costlier Upgrades As Slow Return To Work Continues

The return to the workplace has been slower than many office owners expected, leading them to consider costlier measures to make employees feel comfortable entering their buildings. 

Office Owners Consider More Expensive Upgrades As Slow Return To Work Continues

In the early days of the reopening process, owners implemented quick solutions, such as hand sanitizing stations and social distancing signage, but the number of employees coming back to the office has remained lower than many expected.As owners look for ways to make employees more comfortable entering buildings, and as…

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Redevelopment Of 80-Acre Armed Forces Retirement Home Campus Takes Step Forward

Redevelopment Of 80-Acre Armed Forces Retirement Home Campus Takes Step Forward

Nine months after selecting a development team for an 80-acre portion of its Northwest D.C. campus, the Armed Forces Retirement Home has inked a deal with the District to move the project forward.The AFRH, an independent federal agency, signed a Memorandum of Understanding with the National Capital…

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Fannie Mae Promotes Jeff Hayward To Newly Created C-Suite Position

Fannie Mae Promotes Jeff Hayward To Newly Created C-Suite Position  

Fannie Mae has increased the diversity of its C-suite with a newly created role to oversee human resources and other administrative efforts. The government-sponsored enterprise promoted Jeff Hayward to the new role of chief administrative officer, Fannie Mae announced Tuesday. Hayward has served as executive vice president and…

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Open Is Out: Post-Pandemic, People Will Want Offices With Privacy And A Midday Stroll

Companies trying to create the future of office space have their hands tied until a coronavirus vaccine is found and a better view of what the world looks like post-pandemic emerges.

Still, office experts predict a changed landscape for employees no matter what happens with the virus.

The biggest transitions will evolve naturally from office buildings having to compete with work-from-home benefits — namely easy access to food, quiet workspaces and the ability to walk in a nearby park or green environment midday for rest and rejuvenation. 

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Landlords Could Lose As Much As $21.5B In Rental Payments As Eviction Wave Begins

 

Close to half of all U.S. apartment renters may be evicted in the coming months, now that eviction moratoriums are fading in most places, as the commercial real estate market adjusts to fewer unemployment benefits to pay the bills and political dynamics change nationwide.

As a measure of the pain that landlords will suffer, especially those depending on rent to pay their own expenses, global advisory firm Stout Risius Ross estimates a $21.5B shortfall in rental payments over the same period. More than 40% of U.S. renter households are at risk of eviction, Stout estimates, or about 17.3 million households. Of that total, it estimates that there will be 11.6 million eviction filings over the last four months of 2020.

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Origin Stories: Presidio Bay Ventures Founder And Managing Director Cyrus Sanandaji

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Presidio Bay Ventures founder and Managing Director Cyrus Sanandaji's commercial real estate career got off the ground while he himself was off the ground.

On a flight from San Francisco to Germany, Sanandaji, then getting his postgraduate degree in Middle Eastern Studies at Oxford, met then-General Services Administration Project Manager Tom Hixson. After chatting for hours about subjects ranging from literature to Sanandaji's current studies, Hixson handed Sanandaji his business card, saying he had a job if he wanted it.

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