Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
August 25, 2022

Obama Presidential Center Making Good On Promise Of Construction Diversity

Hear Cresa CEO Tod Lickerman Discuss What Tenants Are Looking For Sept. 29

Longstanding city efforts to build a more diverse talent pipeline in construction are coming to fruition with the build-out of the upcoming Obama Presidential Center.

According to the project’s annual worforce report released Wednesday, 52% of contracts have been awarded to diverse vendors so far, with 32% of the workforce hailing from the city’s South and West sides.

Obama Presidential Center Making Good On Promise Of Construction Diversity

The decision to break up larger construction bids into multiple smaller contracts has ensured smaller and minority-owned businesses could compete for bids, per the report, helping Lakeside Alliance, the joint venture of Black-owned construction groups managing the project, meet its goals.Michael Strautmanis, executive vice president…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Texas Threatens Ban On Doing Business With BlackRock, Other Financial Firms With ESG Policies Texas Threatens Ban On Doing Business With BlackRock, Other Financial Firms With ESG Policies
Jeff Sutton Facing Foreclosure On $300M Fifth Avenue Retail Loan Jeff Sutton Facing Foreclosure On $300M Fifth Avenue Retail Loan
BIPOC-Led Affordable Housing Developers Still Waiting For Promised Investments As Need Grows BIPOC-Led Affordable Housing Developers Still Waiting For Promised Investments As Need Grows
Big Money Throws First Punch For UK's First Purpose-Built Single-Family Rental Big Money Throws First Punch For UK's First Purpose-Built Single-Family Rental
Perforation

Return-To-Office Reluctance vs. Recession: How Opposing Forces Could Impact Office

Office owners and employers nationwide have more months of uncertainty ahead as an expected recession and the well-worn dynamics of a downturn combine with the vagaries and unpredictability of the return-to-office movement.

Recessions usually mean more power for employers as workers worry about their jobs, which could create leverage for getting people back to the office instead of serving as a salary governor as in downturns past. But in a post-Covid world, nothing is that simple.

Return-To-Office Reluctance vs. Recession: How Opposing Forces Could Impact Office

"The executives that we talk to on a daily basis certainly want their people back," said West, Lane & Schlager principal Richard Lane, a tenant representation specialist in metro Washington, D.C. "Given their druthers, they'd like people to come in three or four days a week, and if the labor…

Read the full story here.

  Share:  

 
Perforation

Pension Funds Selling Off Office Properties To Reduce Exposure To Remote Work

Pension Funds Selling Off Office Properties To Reduce Exposure To Remote Work

Pension funds based in the U.S. and Canada are unwinding their bets on office buildings and retail as they reckon with the potential for big value declines.North American public pension funds manage more than $6T, allocating almost 9% of that amount to real estate. Office has long been…

Read the full story here.

  Share:  

 
Perforation

In Case You Missed It...

Chicago's Full Hotel Recovery Linked To Attracting More Shoppers Downtown Chicago's Full Hotel Recovery Linked To Attracting More Shoppers Downtown
This Week's Chicago Deal Sheet This Week's Chicago Deal Sheet
Chicago Construction Costs Leap Highest Nationally Chicago Construction Costs Leap Highest Nationally
'Changing The Mindset': Crime Capital Narrative Hard For CRE To Shake In Cities Like Chicago 'Changing The Mindset': Crime Capital Narrative Hard For CRE To Shake In Cities Like Chicago
 
Perforation

Amazon Ups Number Of Postponed, Canceled Warehouses To 49

Amazon Ups Number Of Postponed, Canceled Warehouses To 49  

Millions of square feet of industrial real estate are on the chopping block amid plans by Amazon to cancel or postpone the opening of 49 warehouses.

Nine of the properties were set to open in California, including five in the Bay Area, according to MWPVL International Inc. data reported by Commercial Observer. Amazon still plans to lease a more than 4M SF warehouse in Southern California’s Inland Empire.

This most recent decision comes on the heels of a July announcement that Amazon would postpone or delay 16 warehouses. Those facilities were scattered across the country, including four in Texas. A recalibration between the share of purchases made online versus in-store is one reason behind the scale-back,…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 60362