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• Microsoft, Google, Meta To Aggressively Raise Data Center Spending — With Mixed Reviews

  Bisnow - Fri Apr 26, 5:06PM CDT

  The AI arms race is showing no signs of slowing down. Even after more than a year of unprecedented spending on the data centers and information technology equipment to support artificial intelligence, tech giants Microsoft, Google and Meta all indicated this week that they will spend billions more than anticipated...
• Weekend Interview: How Jesse Stein Went From Fighter Jets And The NFL To Airbnb's Real Estate Head

  Bisnow - Fri Apr 26, 5:06PM CDT

  This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting. For Jesse Stein, becoming the global head of real estate for a giant brand like  Airbnb wasn't close to his career ...
• Bruce Teitelbaum Looks To Revive One45 Project In Harlem With New Council Member

  Bisnow - Fri Apr 26, 2:58PM CDT

  Bruce Teitelbaum is back at the negotiating table for a massive housing project in Harlem.
• Billionaire Tom Steyer's Real Estate Decarbonization Firm Buys First Asset

  Bisnow - Fri Apr 26, 1:38PM CDT

  A real estate firm with a buy-and-decarbonize strategy has bought an industrial building as its first acquisition.
• Self-Storage Slide Continues With Rent Declines, New Supply On Horizon

  Bisnow - Fri Apr 26, 12:34PM CDT

  Self-storage, an early pandemic wunderkind in commercial real estate, continued its steady decline in March, with rents dropping 4.5% annually, according to Yardi Matrix. Rents hit $16.25 per SF, showing declines for both climate-controlled and non-climate-controlled properties, the company found. REITs dropped their rates to attract new customers and smaller...
• CFTC Downsizes By Nearly 50% With Move To Federal Center

  Bisnow - Thu Apr 25, 9:06PM CDT

  The Commodity Futures Trading Commission is the latest federal agency to shave off a significant chunk of its office footprint.
• Rudin Offloading FiDi Tower It's Owned For 64 Years For $160M

  Bisnow - Thu Apr 25, 9:06PM CDT

  Rudin has found a buyer at a lower-than-expected price for an office tower the family developed six decades ago and has held ever since. Rudin has reached a deal to sell 80 Pine St., a 1.2M SF Financial District office building, to Brooklyn-based Bushburg for $160M, The Real Deal first...
• Arlington Is Hitting Its Housing Target, But Affordability Concerns Aren't Going Away

  Bisnow - Thu Apr 25, 9:06PM CDT

  Arlington, Virginia, is in high demand. For three consecutive months last summer, the county held the title for the most sought-after U.S. “city,” according to a RentCafe study. The growing demand is a boon to the county, in terms of measures like tax revenue, development potential and job growth. But...
• Designing For Gen Z: Efficiency Is Out, Meaning Is In

  Bisnow - Thu Apr 25, 9:06PM CDT

  Flexibility, intentionality and entertainment are more of a consideration than ever before for architects designing offices as Generation Z has started to inundate the workforce. 
• The Bisnow Weekender: CRE’s Big Nah, Tenants Take Back The Power

  Bisnow - Thu Apr 25, 9:06PM CDT

  Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond.  Save the planet and make money along the way? The hard-nosed world of commercial real estate...