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October 5, 2021

D.C. Office Market's Recovery Faltered In Q3 As Delta Variant Slowed Activity

The D.C. office market continues to lose occupancy and hit new vacancy records as the slow recovery from the coronavirus pandemic drags on. 

D.C. Office Market's Recovery Faltered In Q3 As Delta Variant Slowed Activity

The market had experienced some positive momentum early in the summer amid the vaccination rollout and the city's reopening, but the resurgence of the pandemic with the delta variant over the past two months slowed that recovery, third-quarter office market data shows. Market researchers point to some promising signs…

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Blackstone Leads $350M Financing For Comstock's Reston Office Buildings

Blackstone Leads $350M Financing For Comstock's Reston Office Buildings

The developer of three new office buildings in Reston has landed a major refinancing package after successfully leasing up the project.Comstock Partners landed a $350M refinancing package for its Reston Station buildings, with a 

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Even If Congress Dithers, U.S. Housing Policy Pivots

As a presidential candidate, Joe Biden published ambitious plans for housing, including boosting funding, implementing various strategies to address discrimination in the housing sector and reversing Trump administration rules on fair housing.

Roughly nine months into Biden's administration, that work has begun in earnest.

Two bills being hotly debated in Congress could push that platform forward another huge step. The fate of both the infrastructure bill, known as the Bipartisan Infrastructure Framework, and the potentially much larger budget reconciliation bill, the Build Back Better Actare in limbo. Both of them, but especially the reconciliation bill, promise major new funding for housing programs.

Yet even if neither bill musters the complete support of the wafer-thin Democratic majorities in Congress, and thus both fail to pass, federal housing policy is slowly shifting under the Biden administration, which has started the process of undoing Trump administration regulations and has kicked off initiatives of its own that don't require congressional approval.

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Grocery Delivery Startups Are Signing NYC Retail Leases At Breakneck Speed

NEW YORK CITY — A new group of startups is spreading across New York City's empty storefronts like wildfire, signing long-term leases and turning them into mini-warehouses.

Three companies — GorillasJokr and 1520 — each opened their first New York City location this year, and between them, they have leased dozens of storefronts.

While local grocery chains such as D'Agostino and Gristedes have been offering delivery for at least a decade, these venture capital-backed companies have entered the market promising deliveries within 10 to 20 minutes. To deliver on that promise, they are signing long-term leases for former retail spaces, converting them to last-mile hubs. But the speed at which they have expanded has raised eyebrows in the city's retail market.

“I think that the model is among the most absurd that I've ever seen,” Phil Lempert, a supermarket expert and the food trends editor for Today on NBC, told Bisnow. 

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'The Devil’s In The Details': How CRE Discovered New Revenue In Edge Data Centers

 

As traditional asset classes continue to struggle amid the coronavirus pandemic, property owners are beginning to train their eyes and dollars on something they typically never touch: digital infrastructure.

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