Renowned Southeast Developer
Hal Barry Dies At 82

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Sky-high housing costs have hampered many would-be homeowners from finding the home of their dreams. Increasingly, companies looking for new sites for warehouses, manufacturing space and even offices are facing the same fate, as jarring double-digit jumps in home prices and rents have caused many to re-evaluate their site selection decisions.

“Affordable housing and lack of inventory are at the forefront of industry discussions today,” said John Boyd, principal of The Boyd Co., a national site selection firm.

The issue has become so dire, Boyd said, that it can hold up planned relocations for 18 to 24 months until adequate housing has been completed, leading to lease renewals at existing offices while companies wait for new markets to be ready for their expansion.

The housing crisis has become a labor crisis for companies already caught in one of the most challenging labor markets in recent history. "When housing costs go up, workers go to their employers and say, 'I need more money or I’m going to look elsewhere,'” CBRE Senior Client Strategy Consulting…

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Ben Reinberg is the founder and CEO of Alliance Consolidated Group of Cos., a real estate investment firm that specializes in net-leased healthcare and also owns some retail, industrial and office properties across the U.S. Its deals range from $1M to $25M — and all told it has a 39-asset portfolio totaling $350M.

Reinberg sees the role of CEO adapting to more heavily emphasize delegation and communications. For the former, he is handing more tasks off to other executives than he used to. And though he said he started focusing on his communication skills a little too late in his career, he has been taking classes on reading body language, which he said can help executives obtain information from people, in-person or virtual, that can be an advantage to their business.

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NEW YORK CITY — New York City is facing an affordable housing crisis, but amid inflation and interest rate hikes, the developers who are trying to build new apartments to alleviate the crisis are facing an increasingly tough environment in which to do so.

“We have an emergency right now, which is that deals are struggling to completion because prices are out of control,” said Andrea Kretchmer, a founding principal of affordable developer Xenolith Partners.

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