Phase 2 Of $750M Interlock Project Breaks Ground As Lender Anticipates A Sale

Adir Levitas founded Faropoint, an investment company specializing in industrial last-mile assets, in 2012. It purchases individual assets, bundles them and sells the portfolios to institutional investors. Its portfolio is about 20M SF of warehouses, and sustainability has become a major focus, as the company sees climate change as an extremely important issue.

Faropoint is building solar panels on top of its warehouses, and this year it is launching a policy of issuing an environmental report for each asset it acquires so it knows what measures need to be taken to increase sustainability performance and have a better environmental impact. 

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In Case You Missed It...

For most of the past two years, a large part of the American workforce has been in a state of flux about the return to the office.

Through it all, Kastle Systems, which records the swipes of building access cards, has become the main supplier of data on the rate of workplace return across the country. Every week, it puts out its Back to Work Barometer, which measures keycard entries into offices in 10 of the largest cities in the U.S. Its most recent data shows a weekly average occupancy of 39.5% — down slightly from the previous week — with some big differences between cities. Austin is at over 50%, while San Francisco is at roughly 30%.

On this episode, we’re speaking with Kastle Systems CEO Haniel Lynn about his thoughts on the return to the office and his predictions about what is coming next.

Read the full story here.