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September 28, 2021

Can Pandemic Break Antiquated Broker Compensation Model's Grip On Industry?

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Kelani Blackwell joined CBRE as a commercial broker a month before the world shut down. She quickly came face to face with a challenge faced by other younger brokers and commission-based commercial real estate staff last year: how to stay alive when the deals disappear. 

Can Pandemic Break Antiquated Broker Compensation Model's Grip On Industry?

“I had to get creative,” the Columbus, Ohio-based broker told Bisnow. “As a millennial and woman of color, business development for me took a very different approach. This industry isn’t set up for folks who don’t have trust funds or parents who can set up their lifestyles until they set…

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Toll Brothers Unveils New Name, Details For 1,100-Unit D.C. Project Ahead Of 2022 Delivery

Toll Brothers Unveils New Name, Details For 1,100-Unit D.C. Project Ahead Of 2022 Delivery

The under-construction redevelopment of D.C.'s Sursum Corda housing project is coming into clearer focus ahead of its planned summer 2022 delivery.The Toll Brothers-led development team announced Monday it has branded the 1,100-unit project as Banner Lane, and it unveiled new renderings and details on its first phase.The…

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Evergrande Isn’t Lehman — It's A Lesson In How To Think About China

In an interconnected world, the sight of angry workers and investors besieging a corporate HQ in a far-off Chinese city is enough to have global financial markets asking if a rerun of Lehman Brothers is on the horizon. 

The debt issues surrounding giant Chinese residential real estate developer Evergrande have caused global stock markets to whipsaw over the past fortnight as investors worry its potential collapse might have a damaging effect on the Chinese economy, the world’s second-largest, and thus impact the fragile post-Covid economic recovery in countries like the U.S. and UK. The commercial real estate sector is relying on that economic recovery to help it recoup some of the ground lost during the coronavirus pandemic. 

Fears that a debt default or total collapse of Evergrande could cause a Lehman-style financial contagion and credit crunch are receding, but investors, including those in commercial real estate, now have another question to address. How will China manage the restructuring of Evergrande, and what does it mean for the role of the Chinese government and the country’s major companies in the world economy going forward? 

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Inclusive Development Expands Beyond Affordable Housing

 

Last year, the nation was forced to confront the realities of racial injustice and social inequality after protests erupted across the country. And like many industries, when the real estate development community examined its own record, it was clear it fell short in many ways.

Increasingly, inclusive development — one that is respectful of communities’ needs and the lives of the residents who already live there — is becoming a priority for industry decision-makers.

Read the full story here.

 
 
 
 
       
 
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