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July 20, 2021

Some Cities Are Doing MWBE Programs Right. Others Aren’t, And It Shows

[In-Person] Madison Park Development Corp. & Community Builders join Affordable Housing & Community Development Aug. 24

Boston has been one of the country’s hottest real estate markets for years, but even in this bastion of progressive politics, its regressive handling of city contracts has come under scrutiny this year after a scathing report was followed by a federal lawsuit.

Boston doesn’t have a rule that requires a certain percentage of its contracts to be allocated to minority and women-owned business enterprises, and as a result, just 1.2% of the $2.1B in contracts awarded by the city between 2014 and 2019 went to Black and Latino-owned businesses, according to a 703-page study by BBC Research & Consulting published this year.

“In our opinion, we didn’t need the 700-page document to do things that matter,” Black Economic Council of Massachusetts Executive Director Segun Idowu said. “Other cities, they don’t need a disparity study. They just know it’s an issue and address it.”

Boston’s failure to equitably distribute its contracts is a reflection of the larger conversation taking place around MWBE programs. Government officials and small-business owners say that the programs are essential to provide business opportunities to people of color — but robust goal-setting and enforcement, as in the case of Boston, are often lacking.

Some Cities Are Doing MWBE Programs Right. Others Aren’t, And It Shows

In the cities where MWBE spending goals on government contracts aren’t prioritized, minority-owned businesses frequently end up losing out to White-owned businesses, because they don’t get considered in the first place.“We've repeatedly seen that when we don't have these focus goals on our contracts, the majority of contractors do not…

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Seaport Developers Look To Change The Neighborhood Narrative As Workers Return

The rapid development of the Seaport from vast parking lots to commercial and residential high-rises has irked some Bostonians, including some mayoral candidates, who have called the neighborhood "sterile."

But decision-makers behind incoming Seaport projects are designing more public space, activating diverse retail and entertainment and incorporating new amenities to create a more attractive environment for future employees, developers and architects said during Bisnow’s Rise of the Seaport event last week.

Seaport Developers Look To Change The Neighborhood Narrative As Workers Return

“These companies want a wide spectrum of folks to feel that where their company is located is the kind of environment they want to live, work, play and innovate in,” Stantec Vice President David Dixon said. “Because that’s how to hold them, even if they’re…

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Robotics And AI Will Reshape The Life Sciences Buildings Of The Future

Robotics And AI Will Reshape The Life Sciences Buildings Of The Future  

Whether it’s the mRNA vaccine technology that powered the Pfizer and Moderna Covid vaccines, new frontiers of biomanufacturing or new personalized medicine enabled by understanding the human genome, medicine is evolving fast. For those working in, designing and building the labs where these discoveries are made, it’s clear the workspaces…

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Atlanta Is Fast Outgrowing Its Housing Market, Jeopardizing Its Competitive Edge

ATLANTA — The mayor of Sandy Springs, a suburb just north of Atlanta, watched all three of his adult children get priced out of his city in the past 18 months.

“They're leaving because they can't afford it in Sandy Springs,” said Rusty Paul, who was elected mayor in 2013 and was a city councilor before that.

Housing prices have skyrocketed in his jurisdiction, like every other Atlanta suburb and many across the country. The cost to buy a median house in Sandy Springs has risen 35% over the past 15 years to $545K in May. Just last year, the median sales price was less than $500K.

The Paul family story is a common one in Atlanta these days, as people looking for reasonably priced homes are forced to go farther and farther from the urban core to find a place to live. In a region long infatuated with driving and living in single-family houses close to the city, a massive influx of people and steepening housing prices means it is growing out, not up.

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Data Centers May Be Cutting Edge, But Their Workforce Is Mostly On The Edge Of Retirement

 

Is half of the data center workforce close to calling it quits?

Amid a flood of demand for data centers that shows no signs of abating, it is perhaps unsurprising that U.S. data center operators are worried about finding enough qualified employees to run their facilities.

But exacerbating these fears is a reality that may be less intuitive in an industry on the cutting edge of the digital revolution: Its workforce is getting old. With nearly half of the sector’s workers nearing retirement age, companies are scrambling to play catch-up and restock a talent pipeline spread dangerously thin. 

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51 Women In UK CRE Who Survived And Thrived In 2020 And 2021

 

LONDON — The last time Bisnow produced its list of amazing women doing brilliant things in UK commercial real estate in late 2019, the world was a very different place. 

Given the difficulty of the past 18 months, we decided to use 2021’s list to celebrate some of the wonderful people who have risen to the challenges, and not only survived but thrived in their professional lives. 

This year's list is as diverse as ever, in all senses of the word, and includes women who have steered businesses through the rocky waters of the coronavirus pandemic, started new firms during a recession, helped tenants or customers stave off the worst effects of Covid-19, and generally met challenges head-on with energy and enthusiasm. 

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