The pandemic caused many institutional investors to switch their focus to industrial properties. Now that interest rates are rising, they are changing course again.
Airbnb reported revenue grew 58 percent in the second quarter from a year earlier to $2.1 billion, reflecting its strongest second quarter ever. The company also recorded $379 million of net income, the highest ever for that period.
WeWork management has maintained that more customers are drawn to its flexible office space offering as they attempt to figure out long-term real estate strategies in a new world of hybrid and remote work. It now has 62,000 subscriptions to its All-Access pass.
Las Vegas’ hospitality and casino industries are booming, reports The Wall Street Journal. GeekWire looks at the role online investment platforms have played in the U.S. housing market. These are among today’s must reads from around the commercial real estate industry.
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