How Biden's First Executive Orders Will Impact CRE

Four years ago, when Donald Trump was sworn in as president, the commercial real estate industry was brimming with optimism — one of their own promised to bring pro-business stability and economic prosperity to their multitrillion-dollar industry.

For a while, it seemed like Trump was delivering on that hope: He oversaw one of the strongest economies in U.S. history and implemented policies and programs that sought to reward the very industry that made him a billionaire, a household brand name and the leader of the free world.  

In 2020, that all began to unravel. The country is in the midst of a pandemic that has claimed 400,000 American lives, the economy is in tatters, and the industry that made him is in upheaval as thousands of hotels, shops and offices sit empty.  

Trump’s election represented the first time in American history that a developer not only ascended to the nation’s highest office, but also maintained ownership of his business interests while in power. His real estate background shaped the 45th presidency in a variety of ways, from his frequent trips to Trump-branded properties,…

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This series asks rising stars in commercial real estate about their thoughts on some of the biggest issues facing the industry, including inequality, climate change and technology.

The world of commercial real estate can be difficult to breach as a newly minted university graduate. Making it into the small ranks of CRE professionals who oversee transactions in the capital markets division is even more of a stretch. Doing it all as a minority with no family or friends in the business is a rarer feat yet. 

JLL's De'On Collins has done it all, going from student to senior director in less than 15 years and already notching $3B in debt and equity placement. That took a combination of self-drive and mentorship opportunities that he hopes to provide to the next generation of capital markets pros. 

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MIAMI — South Florida has always had abundant sunshine and no state income tax, but in the past couple of years — and especially with the coronavirus pandemic boosting remote work — the state is on a run, drawing high-profile billionaires, hedge funds, financial firms and tech companies. 

And if social media rumblings are to be believed, Miami could soon lure one of the biggest names in the game. 

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LONDON — England entered its third lockdown on 4 January. Regulations say the country must stay at home until 31 March, but lockdown could last even longer.

And yet … despite a lot of frustration and a heap more resignation, London’s property business has carried on. Throughout three lockdowns, and against all expectation, it has not just survived. In some cases it has improved itself and even thrived.

This is the unexpected tale of how it came about, told by three of the people who made it happen. While a third lockdown has been a blow to hopes of a speedy 2021 recovery, the adaptations undertaken by the industry in the first two lockdowns have built in a resilience that is being called upon now in the depths of winter. 

Read the full story here.