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October 30, 2023

D.C. Landlords Say Voucher Program In ‘Disarray,’ But Proposed Reform Would Be ‘Seismic Disaster’

Hear From Fairfax County EDA's Victor Hoskins On The Latest Economic Investments That Are Shaping The County

Some 12,000 families take advantage of D.C.’s Housing Choice Voucher Program, a federally funded initiative to help low- to moderate-income families rent apartment units across the city. 

But recent updates to the program have the landlords who manage those units concerned, as they claim the system is already hampered by bureaucratic delays and a lack of support from housing officials.

D.C. Landlords Say Voucher Program In ‘Disarray,’ But Proposed Reform Would Be ‘Seismic Disaster’

"The voucher program has become something very, very hard to work with," Ruddy Management founder and managing principal Peter Ruddy said Thursday at Bisnow’s Small Residential Owner and Operator Summit. "Vouchers take up a large percentage of the housing market in D.C., and processing times are a large issue."This summer, the…

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Planners Recommend Rejection Of Massive Data Center Project In Prince William County

Planners Recommend Rejection Of Massive Data Center Project In Prince William County

One of the country’s largest and most controversial data center projects is facing an increasingly murky future.Planning officials in Prince William County, Virginia, have recommended that county supervisors reject the rezoning for the PW Digital Gateway data center corridor, creating uncertainty around the fate of…

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Fissures Form For Big-Box Industrial As Tenants Delay Big-Money Moves

Fissures Form For Big-Box Industrial As Tenants Delay Big-Money Moves  

A nationwide slowdown in industrial real estate has been dubbed a normalization by every major player as the market cools from its searing state in the last few years. But third-quarter earnings reports from the country's top industrial REITs paint a more nuanced picture that shows where the soft spots are emerging.

Top-line occupancy rates remain historically high — around 97% or higher — but occupiers are piling on caution as they approach leasing decisions, according to earnings reports from Prologis, First Industrial Realty Trust and other top industrial REITs.

“Tenants are especially being deliberate about making large capex commitments, which at this point includes leasing any new warehouses in the current economic environment,” Green Street analyst Jessica Zheng told Bisnow. That uncertainty is impacting some types of industrial properties more than others. “The bigger box[es] are slowing, and that market rent…

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In Case You Missed It...

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PODCAST: JLL Chief Technology Officer Yao Morin On Why AI Is Coming For Tasks, Not Jobs

PODCAST: JLL Chief Technology Officer Yao Morin On Why AI Is Coming For Tasks, Not Jobs  

Artificial intelligence is one of the most divisive issues of our era. Depending on who you ask, it is either a threat or an opportunity to remove some of the most mundane activities in our lives. Brokerage firm JLL has been exploring the upsides of AI and this summer launched its own generative artificial intelligence model called JLL GPT.

On this episode of Bisnow Reports, JLL Chief Technology Officer Yao Morin discusses its uses and how she thinks AI can improve the lives of brokers and help them do their jobs. She discusses the widespread angst about AI, its dangers and the concerns that it will push…

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Weekend Interview: Mirastar CEO And Co-Founder Ekaterina Avdonina On Space, Logistics And Embracing Uncertainty

Weekend Interview: Mirastar CEO And Co-Founder Ekaterina Avdonina On Space, Logistics And Embracing Uncertainty  

This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities that keep CRE interesting.

Mirastar CEO and co-founder Ekaterina Avdonina is used to times of uncertainty. Growing up in Kazakhstan just as the country gained independence from the disintegrating Soviet Union and the child of a Soviet military scientist, she learned that the world can change very quickly. 

That upbringing, which combined a love of science, maths and space, showed her that women can be leaders, too, and helped forge a career that led Avdonina first into real estate and then to logistics when the sector was not the cash cow that it is today.

Following spells with GVA in Moscow and Dutch bank ING’s real estate lending team in the Netherlands, Avdonina co-founded European logistics specialist Delin Properties in 2010 before leaving to co-found Mirastar in 2019. Mirastar has a portfolio of standing assets and developments across six countries in Europe, including the UK, and…

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