Kayla Carmicheal

1 month ago | bisnow.com | Kayla Carmicheal

The National Multifamily Housing Council and National Apartment Association have been telling the federal government for years that regulation is making housing development too difficult and too expensive. Now they have specific marching orders for the Trump administration. The associations sent a letter to the White House Tuesday asking the government to review 32 federal rules, regulations and programs at 10 agencies to make housing production easier.

1 month ago | bisnow.com | Kayla Carmicheal

Hospitality owner and billionaire Tilman Fertitta has beefed up his stake in Wynn Resorts — again — and reportedly has an eye toward pushing it to expand in the U.S.Fertitta now owns 10.9 million shares, or more than 10% of the company, and has the option to buy 1.7 million in common stock at $85.73 by May 13, Securities and Exchange Commission filings reported by Seeking Alpha show. The billionaire was already Wynn’s largest stakeholder.

2 months ago | bisnow.com | Kayla Carmicheal

Facilities management company ISS is a major force around the world, and now it’s looking to take on the U.S. in the same way. The Copenhagen-based company, a top 100 employer globally and top three facilities management company by headcount, has reorganized its North American operations to offer all of its services, including facilities management, custodial and workplace services, in three U.S. regions.

2 months ago | bisnow.com | Kayla Carmicheal

In-person work policies can boost office value and demand even as the sector could be headed for more pain, according to a team of researchers who have been analyzing the fallout of the pandemic on office since shortly after the start of the worldwide crisis. The study concludes that work from home “is shaping up to massively disrupt the value of commercial office real estate in the short and medium term,” and that adopting hybrid and remote work negatively impacts demand.

2 months ago | bisnow.com | Kayla Carmicheal

Legacy at Fallbrook, the Houston office property EQT sold last year. Private equity firm EQT is saying goodbye to its U.S. multifamily arm and hitting the brakes on life sciences and office investments to home in on industrial activity. The Swedish firm has ended its multifamily fund initiative because of a tough fundraising environment, Chief Financial Officer Kim Henriksson said on an earnings call.