Mortgage REITs increased their mortgage bond portfolios by almost 28 percent over the past year, according to the Wall Street Journal. Amazon is looking at office space on Manhattan’s West Side, reports the New York Post. These are among today’s must reads from around the commercial real estate industry.
Following several difficult years caused by pandemic-driven uncertainty, commercial real estate owners are facing new challenges. While more employees have returned to the office, the increasingly popular hybrid work model continues to shape the future of the office property sector as some office tenants have chosen to reduce or sublease their space to accommodate new work concepts.
The fate of post-pandemic office space has been one of most discussed real estate topics of the past two years. One executive who has spent a great deal of time and energy contemplating whether the office has as good a future as past — as well as what it will take to bring companies and their people back to office buildings — is Gio Cordoves, western regional president of KBS.
Accenture on Wednesday launched a food-focused innovation center that aims to tackle the panoply of challenges confronting the world’s food system, from reducing food waste to perfecting curbside pickup.
The office. Many of us haven’t been there in a year. Some of us have returned intermittently, fully suited up in a mask and sporting hand sanitizer. Now, a few of us are starting to trickle back—a trickle that will turn into a steady flow as COVID-19 vaccinations gain momentum.