Camden Reports 44% Earnings Drop, Looks To Sell Older Houston, D.C. Assets

Brookfield Properties has completed extensive renovations of the Houston Center campus in Downtown Houston.

The renovations focused on upgrades to LyondellBasell Tower and 2 Houston Center. Gensler was the project architect and Clark Condon was the landscape architect. Construction began in February 2019 and was led by Harvey Builders.  Updates include a new central plaza featuring a digital water wall, flexible entertainment space and…

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In 2020, for the first time in history, China captured a larger share of the world’s foreign direct investment than the U.S., according to data from the United Nations. That is money spent building infrastructure, factories and opening new businesses. And where that investment goes, real estate dollars are likely to follow.

China knocking the U.S. off the No. 1 spot is for now something of a blip, a result of the Chinese economy recovering significantly faster from the impact of the coronavirus than the U.S. But that speedy recovery is attractive to global property investors, and in the medium to long term, China is set to attract a greater share of the cross-border real estate pie than it has in the past.

While it may not overtake the U.S. in terms of real estate investment in absolute terms for many decades, if ever, China has factors in its favour that will increasingly draw in global investors. Alongside the well-known gravitational pull of its demographic growth and strong economy, it is booming in areas much sought after today by global investors, like logistics, data centres and tech-led offices. 

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Demand for data center development is as high as ever, but there is one key ingredient holding the industry back: a shortage of qualified talent. 

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Nearly a year after the spread of the coronavirus was declared a pandemic and office workers turned their homes into their workplaces to curb the spread of the virus, the great work-from-home experiment has proved that the trend will at least in part become a fixture of our society.

But not everyone will work from home, real estate heads from a pair of tech companies said on a Bisnow webinar last week, and the vast majority of workers are expected to go into an office at least some of the time. 

Twitter has been polling its employees on their preferred workplace arrangement throughout the pandemic, Twitter Vice President for Real Estate and Workplace and Remote Experience Tracy Hawkins said on the webinar. Right now, 10% want to come to the office entirely, 20% want to work remotely entirely and the rest prefer some kind of hybrid.

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Business advisers and career coaches often preach the gospel of evolution: To succeed in business, one needs to adapt or die. After the tumultuous 2020 experienced by commercial real estate, that sentiment seems not just obvious but cliched. So what advice can prepare CRE executives and talent for what’s sure to be another roller coaster year of rapidly changing market conditions and new opportunities? 

Bisnow spoke with a cross section of CRE executives and experts to get their advice about the skills and characteristics needed for a successful 2021. The ability to adapt to change, not surprisingly, was a central theme. But like so much in the coronavirus era, they saw the pandemic as more an accelerant for needed industry shifts, such as diversity and technological adaptation, than a singular event.

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Bisnow is putting together a series featuring the people and companies in commercial real estate who found a way to break new ground in the industry during the coronavirus pandemic. This could take many forms: perhaps a company using new forms of financing or design, a person at the forefront of driving diversity in…

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