1. Apple is building a 192-room hotel on its billion-dollar Austin Campus (BD+C)
"The hotel will give Apple more control over all aspects of where visitors to the Austin campus will stay."
2. Is CLT really a green solution? (BD+C)
"CLT is intended to replace concrete and steel whose production accounts for about 13% of global carbon dioxide emissions. Wood in CLT panels pulled CO2 from the atmosphere, and that carbon should remain locked up as long as the building stands."
3. Will Remote Working Spell the Demise of the Office Sector? (National Real Estate Investor)
"While some tech and banking firms are considering major shifts to permanent work-from-home policies, offices will still be around."
4. Biggest U.S. Mall Is Two Months Delinquent on $1.4 Billion Loan (Bloomberg, National Real Estate Investor)
"The Mall of America missed two months of payments on a $1.4 billion CMBS loan."
5. Mechanics liens up 40% as COVID-19 pandemic disrupts industry (Construction Dive)
"U.S. mechanics lien filings have risen significantly since the COVID-19 pandemic shut down all but the most essential projects in many states, according to notice and lien service provider Levelset. The number of liens filed through March 2020 jumped 40% since January."
6. ULI Forecasts Strong CRE Growth to Return in 2022 (Commercial Property Executive)
"Despite numerous uncertainties, economic and real estate recovery should begin in the second half of 2020, followed by stronger growth in 2021 and significant growth in 2022, according to the Urban Land Institute’s semi-annual Real Estate Economic Forecast. The three-year 'consensus' forecast measures 27 economic and real estate factors and represents the average of forecasts from 39 economists/analysts at 35 real estate organizations. The 17th semi-annual forecast was based on responses collected from May 1 to May 18."