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October 6, 2020

Boston Office Market Remains Soft As Sublease Space Surges

Boston's office market has seen better days.

Boston Office Market Remains Soft As Sublease Space Surges

The Greater Boston office market saw more than 1M SF emptied in the third quarter, thanks to a surge in sublease listings in neighborhoods such as Back Bay, The Financial District and the Seaport, according to reports from

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JLL Hit With Another Lawsuit, This One Alleging Tax And Securities Fraud

A former broker at JLL in Atlanta has filed suit against the real estate services giant, alleging that the company fired her in retaliation for her bringing violations of tax and securities laws to the attention of company executives.

JLL Hit With Another Lawsuit, This One Alleging Tax And Securities Fraud

In the lawsuit, filed in U.S. District Court in Illinois, Lareine Steinfeld alleged that JLL moved broker revenue into "holdback accounts" that in turn were used to reimburse otherwise nondeductible personal expenses, such as paying for a colleague's first-class plane tickets, luxury hotel stays and ski trips."This practice resulted in under-reported taxable…

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Now The Hard Work Starts: Inside The £4.5B Insolvency Of Intu
 

LONDON — One hundred and one days ago today, shopping centre REIT Intu collapsed into administration under the weight of more than £4.5B in debt. Since then, one of the most complex insolvencies in real estate history has been underway. And now, the really hard part starts.

Lenders to the company now control Intu’s 22 assets, including eight of the 20 biggest shopping centres in the UK. They have appointed new asset managers to try and revive struggling properties, claw back value and possibly find new buyers, a herculean task in the worst retail market in living memory. High profile and under the microscope, the process will be a bellwether for the entire UK retail market. 

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'There Is No Shortage Of Money': Tenant, Investor Demand Pushing Industrial Prices Higher
'There Is No Shortage Of Money': Tenant, Investor Demand Pushing Industrial Prices Higher  

While owners of hotel, retail, office and even multifamily properties in New York are experiencing financial woes and identity crises, the industrial sector seems to be stable and growing going into the fourth quarter of an unprecedented year.Developers are seeing an extraordinary upswing in leasing, rental rates and investment…

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Active Shooter Situations Have Paused During The Pandemic. What Can That Teach CRE?

As crowds have dwindled and public spaces have closed during the coronavirus pandemic, mass shootings by lone gunmen in public spaces have virtually stopped — a pause that some experts are using to study what factors go into active shooter scenarios and how to stop them.

While some cities have suffered an increase in gun violence overall, the scenarios involving one active shooter unknown to victims have been scarce. It turns out that 2020 has provided a rare test case that might have never happened but for the pandemic: the ability to study what can stem or stop the rash of shootings the U.S. has endured over the last 20 years, and the tools to impart that lesson to law enforcement and owners of commercial space.

"It's perfectly reasonable to wonder what lessons might we learn from the unintended consequence of fewer mass shooting incidents," said Georgia Institute of Technology associate professor Munmun De Choudhury, who studies the impact of active shooter drills in schools.

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