Inside Brookfield's $7B
Office Takeover Spree

The numbers are stark: The United States has a shortage of nearly 7 million housing units, the National Association of Realtors has reported, attributing the shortfall to “decades of underinvestment and underbuilding.” This underinvestment has particularly impacted lower- and middle-income families, a fact that became more apparent as…

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Sanjay Rishi is Americas CEO for JLL Work Dynamics, the corporate services arm of the global brokerage that helps clients with their office strategies and workplace technology to ultimately improve employee attraction, retention and productivity. One tool JLL is piloting among its own employees to improve well-being is “The Hub,” a digital portal that integrates with employees’ calendars to block time for de-stressing activities like yoga or meditation.

Rishi hasn't always been a real estate pro — he led IBM's Global Cloud Application Services Business and did stints at GM, PwC and Johnson Controls.

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The pandemic triggered a flood of capital pouring into data centers, and industry insiders say it isn’t stopping anytime soon. 

The coronavirus helped catapult data centers from a niche alternative asset class to a growing focus for the world’s largest real estate investors.

While work-from-home, exploding e-commerce, Zoom happy hours and other pandemic-driven accelerants to digital transformation drove demand for data centers and highlighted the importance and resiliency of digital infrastructure, data centers also turned into something of a safe haven for large institutional investors to deploy capital as previously reliable asset classes like hotel and office faltered and suddenly faced uncertain futures. The result has been a massive surge in investment and a growing number of investors entering the space.

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New York landlords have worried for years about the so-called Good Cause eviction bill. 

The proposed legislation would give free-market tenants the right to renewals and would prevent landlords from making “unreasonable” rent increases — defined as the higher of 3% a year or one and a half times the annual percentage change in the Consumer Price Index — except in the case of a major repair.

In this year's legislative session, momentum is building to pass the bill after multiple previous attempts have come up short.

“The public health crisis we've just suffered, people really understand the need to keep people in their homes,” Judith Goldiner, the attorney-in-charge of the Legal Aid Society's Civil Law Reform Unit, said on this week's episode of the Bisnow Reports podcast. "We don't need to magnify the homeless crisis that we're seeing right now and this is one way to help people stay stably housed.”

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