11 Must Reads for the CRE Industry on July 13, 2021

  1. The Uneven Odds for Promotions with Hybrid Work “If you’re the one leaning into flexibility, how do you make sure you’re not unintentionally leaning out of your career? And what happens if certain subsets of the workforce, like mothers, are less likely to return to the office? ‘During the pandemic it was, ‘You’re forced to work from home,’’ says Brian Kropp, who leads human-resources research at Gartner. ‘Now you’re choosing to work from home. You’re choosing not to be here.’” (The Wall Street Journal)
  2. Officials Across Florida Rethink Condo Inspection Policies “Across Florida, people living in the thousands of condominiums rising above the state’s 1,350 miles of coastline wonder if the building collapse in Surfside could happen to their home as state and local officials discuss what they can do to make sure it doesn’t. Although building collapses are rare, local governments are looking at whether they need to adopt new inspection policies — the vast majority of counties don’t require reinspection of a building once it’s completed.” (The Associated Press)
  3. What You Need to be a Successful Real Estate Investor “You don’t need to have money to invest in real estate. You just need to know how to get money.” (The Washington Post)
  4. New Jersey Industrial Market Availability Hits Record Low “A record low 3.4 percent of New Jersey industrial space was available in the second quarter. Developers are rushing to build more.” (The Real Deal)
  5. Now Museums Are Taking Space in Fast-Growing Life Sciences Sector “Natural History Museum taking 320K SF.” (Bisnow)
  6. This Is How Much Single-Family Zoning Is Costing San Franciscans “New research finds that restrictions on building housing are costing Bay Area residents.” (San Francisco Chronicle)
  7. Staffing Their Pockets: Top Execs Collected Dividends on Shares They Didn’t Own “Crain’s research uncovers a lucrative and secretive form of compensation collected by CEOs in real estate and finance.” (Crain’s New York Business)
  8. Here’s How Women in CRE Balanced Work, Home, Child Care Amid Pandemic “While the COVID-19 pandemic impacted people of all ages and genders, changing the way we work, learn and live, reports have shown that the journey, both during and through the recovery, has been toughest on women. According to the Pew Research Center, 2.5 million more women than men nationwide lost their jobs in the first four months of the pandemic. As schools closed, many moms were forced to leave the workforce in order to care for and help educate their children.” (AZ Big Media)
  9. How Dollar General Can Stay So Cheap, Even with Prices of Goods Rising “Dollar General sells products at 20% to 40% less than drug and grocery stores. Here’s how it keeps prices down.” (Insider)
  10. Varma Selects Head of Real Estate Investments “Varma Mutual Pension Insurance Co. named Sampsa Ratia as director of real estate investments, effective Aug. 16.” (Pensions Investments)
  11. Who Still Works from Home? A Detailed Look at the Return to the Office “How many workers return, and how quickly, will have major implications for office real estate markets over the next few years. I took a deep dive into survey data that the Bureau of Labor Statistics (BLS) has been gathering along with the traditional monthly employment report, and which provide detailed information on who has been teleworking because of the pandemic.” (Forbes)

Article source: https://www.wealthmanagement.com/cre-wire/11-must-reads-cre-industry-today-july-13-2021

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