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Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
Guest Opinion: What are Income-Producing Farms and How Do They Work?

Guest Opinion: What are Income-Producing Farms and How Do They Work?

by Dutch Mendenhall | May 24, 2023 | Commercial Real Estate News, Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Recent years have seen a surge in interest in alternative asset classes for investment, as many investors shy away from the volatility of the stock market in search of other forms of investing that offer better — and perhaps safer — returns. Many alternative...
CBRE Forecasts Stronger Performance by the Hotel Industry

CBRE Forecasts Stronger Performance by the Hotel Industry

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group (NYSE:CBRE) has raised its forecast for hotel performance this year, citing stronger-than-expected demand and more modest supply growth drive occupancy gains. In its revised forecast, CBRE is predicting 2023 revenue per available room (RevPAR) will reach...
Survey: The Global Workforce Isn’t Fully Back in the Office

Survey: The Global Workforce Isn’t Fully Back in the Office

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the world has moved on from the Covid-19 pandemic, the global workplace has yet to fully resume its pre-pandemic status – especially in office properties. A new survey by Unispace of 9,500 employees and 6,650 employers from 17 countries found that only half of...
The Property Market with the Highest Level of Natural Disaster Risks Is…

The Property Market with the Highest Level of Natural Disaster Risks Is…

by Phil Hall | May 24, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Plaquemines, Louisiana, has earned the unfortunate distinction as being the riskiest place in the U.S. for property owners due to natural disaster damage. Plaquemines was cited in CoreLogic’s latest Climate Risk Analytics report, which tracked natural disaster threats...
Toronto Office Market Could Have Oversupply Through 2041

Toronto Office Market Could Have Oversupply Through 2041

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area (GTA) runs the risk of having a significant oversupply of office space that will impact the market until at least 2041. A new report prepared by Altus Group and released by NAIOP Greater Toronto predicted the near-future with three hybrid work...
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