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July 13, 2021

Facebook Expanding In Cambridge By Nearly 300K SF In Boost For Market

[In-Person] Will the Seaport become the city's next lab hub? The Davis Cos. discusses high tenant demand July 15

Facebook has agreed to occupy 267K SF of office space in Kendall Square, a massive workplace commitment amid a market buoyed by ever-growing life sciences investment.

Facebook Expanding In Cambridge By Nearly 300K SF In Boost For Market

The tech giant could close this quarter on a deal to sublease the office space at 50 Binney St. from biopharmaceutical company bluebird bio, brokerage firm Newmark said in its second-quarter report last week. The Boston Globe reported the deal Monday evening.The Facebook sublease comes alongside bluebird giving…

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KKR Buys Seaport Residential Tower For $332M

KKR Buys Seaport Residential Tower For $332M

Private equity giant KKR is spending big to get a piece of Boston’s luxury apartment market, paying $332M for a Seaport tower.KKR closed on the purchase of NEMA Boston at 399 Congress St. last week from Crescent Heights, according to Suffolk…

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77% Of All New Real Estate Job Ads Require A Return To The Office

 

Real estate leaders have long focused on the inevitability of workers returning to the office post-pandemic, arguing that firms will rediscover the importance and necessity of in-person collaboration and creativity after an abrupt shift toward remote work. An exclusive analysis by Bisnow of real estate job postings explores how top commercial real estate firms have applied that same rationale to their own workforces. 

By looking at job postings on the SelectLeaders job board, part of the Bisnow group and real estate's largest dedicated jobs resource, it’s possible to get a rough estimate of how the industry itself sees the necessity of remote versus in-office work. Over the past 10 months, during which time thousands of positions in the U.S. have been posted, 23% of total CRE jobs have been listed as having a remote component (16.1% hybrid and 7.3% fully remote), while 77% have been in-office. 

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Property Has A Social Class Problem, And Middle Managers Have A Lot To Answer For

LONDON — What is it about signet rings, the interviewee mused. “Clearly part of some family connection secret code that I’m excluded from.”

For the anonymous interviewee of a scathing report into social class in UK commercial real estate, the signet ring, the jewellery of choice for a certain kind of upper class male Brit, epitomises the problem the sector has when it comes to class diversity. 

Every industry has a culture, a set of codes and rules forged over decades, even centuries, that govern how it works. In real estate, that culture is an issue, holding the industry back and creating broader problems for society. And the sector might be looking in the wrong place for solutions.

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