As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.
Fundamentals continue to improve, but rising costs, inflation and interest rate hikes are tempering enthusiasm even as seniors housing continues to bounce back from COVID-induced disruptions.
Twitter will significantly decrease its corporate presence in San Francisco and is considering plans to shutter several other offices once leases expire.
The company will buy the James R. Thompson Center, a 17-story building that occupies a full city block in the central Loop district and was designed in the early 1980s by architect Helmut Jahn. The deal is valued at $105 million, before renovation.
Hotel occupancy rates are up, but companies are struggling to staff up to meet demand, reports The Wall Street Journal. REITs are preparing for new climate reporting guidelines in advance of the SEC finalizing new rules. These are among today’s must reads from around the commercial real estate industry.
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