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November 30, 2023

Major Title Company Hamstrung By Weeklong Cyberattack

How Are Real Estate And Academia Working Together To Develop And Build The Next Generation Of Life Science Companies?

Hackers targeted a major title company in a cyberattack, stunting its operations for at least a week and delaying a number of Chicago-area real estate deals. 

The hack of Florida-based Fidelity National Financial, the parent company of Chicago Title and others, led to setbacks in real estate deals that ranged from half-hour delays to open-ended delays, Crain’s Chicago Business reports. It is unclear if the company is fully operational and recovered from the attack, but it failed to reach its initial expectation of resolving the issues by Sunday, according to The Real Deal.

Major Title Company Hamstrung By Weeklong Cyberattack

Some users were reporting the system was back online as of Wednesday. Seems like they are back live today (as of this morning) — SFR (@scottautenreith) November 29, 2023Florida-based Fidelity National Financial couldn't be reached for comment by publication time. The company filed a report with the Securities and Exchange…

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SPECIAL REPORT: Diversity In CRE Is Rising, But The Industry's Troubles Threaten Progress

 

The year 2023 will be remembered by real estate for many things — a rise in layoffs, bankruptcies and foreclosures, and a decline in property values and transactions.

But despite the grim reality of the moment, the leadership ranks at the industry's largest firms have never been so diverse. 

People of color make up 12.8% of the C-suites at 89 of commercial real estate's largest brokerages, developers, finance firms and real estate investment trusts, up from 11.6% in 2022 and 10.9% in 2021. Women in the C-suite have seen their representation increase to 26.2% this year from 25.6% in 2022 and 23.5% in 2021.

That slow but steady progress is found in this year’s installment of Bisnow’s DEI data series, a multiyear investigative project started in 2020 amassing statistics on the diversity of the boards and executive leadership of the biggest companies in real estate.

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'People Don't Realize How Huge It Is': Trade With Mexico Pads Industrial Profits Far North Of The Border

'People Don't Realize How Huge It Is': Trade With Mexico Pads Industrial Profits Far North Of The Border  

Texas’ neighbor to the south is playing an increasingly pivotal role in the success of industrial markets located hundreds of miles from the border.

The economic relationship between Texas and Mexico has blossomed in recent years as border trade accelerates and manufacturers move operations closer to the U.S. The partnership not only benefits both countries, but it positions Dallas-Fort Worth, some 400 miles north of Mexico, in the direct path of distribution, cementing its reputation as a critical point in the global supply chain.

All of the pieces are in place to ensure North Texas benefits from Mexico’s significance as a U.S. trade ally — so long as the state’s tough stance on immigration doesn’t get in the way.

“Texas and its position with respect to Mexico makes it a player on the American stage but also on the world stage,” International Capital Partners CEO Agustín Barrios Gómez said. “I wouldn’t underestimate the size of that impact already, but we are just getting going for the next chapter.”  Despite…

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GSA Inspector General Launches Inquiry Into FBI HQ Selection

GSA Inspector General Launches Inquiry Into FBI HQ Selection  

The inspector general of the federal government's real estate arm is looking into the  decision to build a new headquarters for the FBI in Greenbelt, Maryland. The General Services Administration announced the selection Nov. 8, choosing to build on Washington Metropolitan Area Transit Authority-owned…

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