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Bisnow - (Almost) Never Boring
March 18, 2021

Don't Look Now, But Interest Rates Look Likely To Keep Rising All Year

[Digital Summit] Join CBT Architects & Pembroke during Rethinking Smart Architecture April 27

After bottoming out in the first months of the coronavirus pandemic, key indicators for interest rates in real estate borrowing are in growth mode for the first time in years.

Since Hitting Rock Bottom Last Year, Interest Rates Are Rising Again. Now What?

The yield for the 10-year Treasury note hit a 12-month high of 1.64% on March 12, having taken less than three months to increase by more than 70 basis points since the start of this year. Though a 10-year Treasury benchmark rate below 2% is still very low…

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Lendlease, Ivanhoé Cambridge Buy Boston Site, Plan $500M Lab Project

Lendlease, Ivanhoé Cambridge Buy Boston Site, Plan $500M Lab Project

Major real estate players want a piece of Boston’s life sciences pie, spending $67M for a development-ready parcel at Boston Landing in Allston.Ivanhoé Cambridge, the real estate arm of a Canadian pension fund, and Australian construction giant

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Columbia Property Gets $2.2B Takeover Offer From Sapir-Led Investor Group

A trio of investment firms is looking to take Columbia Property Trust private. 

Columbia Property Gets $2.2B Takeover Offer From Sapir-Led Investor Group

The New York-based real estate investment trust received an unsolicited offer letter from the investor group, including The Sapir Organization, which owns 7M SF of New York City real estate, Arkhouse Partners and 8F Investment Partners. The group offered to buy the firm for $19.50 a share,…

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Scooters Are Making A Comeback And May Play An Outsized Role In Multifamily And Office

 

The coronavirus pandemic didn’t just empty out the nation’s office sector. Subways and other public transportation options were also empty for months as office workers toiled at home and even many essential workers traveling to work avoided closed-in spaces such as train cars.

It has meant a big change in some daily behaviors, with some commuters and stay-at-home workers switching to micromobility vehicles like motorized scooters and e-bikes, options that allow travelers to run errands and stay outdoors, instead of cooped up in cars and trains.

“People are looking to get out more and get more fresh air after being shut up in their houses for so long,” SummerHill Apartment Communities Vice President Alvaro Leiva said.

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The Innovators: IVP And Medistar Corp. CEO Monzer Hourani

In this series, Bisnow highlights people and companies pushing the commercial real estate industry forward in myriad ways. Click here to read Q&As with all the innovators Bisnow has interviewed so far.

Not many CEOs of development firms can claim to also be scientific inventors, but Medistar Corp. CEO Monzer Hourani can.

With a background in physics, mathematics and engineering, Hourani has worked for decades as a commercial real estate developer specializing in healthcare projects. Over the course of his career, he has also invented proprietary technology to clean up oil spills and a brace system to protect buildings against hurricane-force winds.

At the onset of the coronavirus pandemic, Hourani saw another application for his skills. Suspecting that Covid-19 was primarily an airborne disease, Hourani decided to begin work on a new kind of heated air filtration system that could destroy the virus.

“There was no leadership anywhere — only direct and collateral damage from Covid-19,” Hourani told Bisnow. “On March 27, 2020, I asked ‘How can we catch and kill this coronavirus instantly while it is in the air?’ God answered my question with inspiration for the heated filter technology of IVP.”

Partnering with multiple academic institutions to develop the technology, Hourani founded Integrated Viral Protection and aggressively began to research, build and test prototypes of IVP. Within five months, Hourani had a product that could eliminate 99.999% of SARS-CoV-2, the virus that causes Covid-19.

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SURVEY: Bisnow Wants Your Take On The Return To The Office

SURVEY: Bisnow Wants Your Take On The Return To The Office  

One year ago, the World Health Organization declared the coronavirus a pandemic, and office workers across the United States and United Kingdom went exiled to home offices. Now, as vaccines get distributed and cases begin to decline, three states — Texas, Mississippi and Wyoming — are fully reopening and dropping mask mandates. It is…

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