"So, these are based on numbers from JLL, which is a big international commercial real estate outfit... more and more of the largest companies in America are moving to fully in office work policies and that hybrid or remote work is just becoming less common as an option."
Applied Materials has invested over $421 million in Sunnyvale properties, supporting plans for a new tech complex expected to bring 2,000 engineering jobs to Silicon Valley.
"Akerman failed to advise [plaintiff] Turner of the most basic and appropriate remedies available to landlords under Florida law in the event of a breach by a tenant."
"Several landlords have expressed being 'very troubled' with their interactions with Liu, highlighting a lack of productive discussions and meaningful disclosures regarding the lease transfers."
Bob Knakal believes that the potential of Artificial Intelligence in commercial real estate will surpass all changes of the last 40 years, emphasizing that "the extent to which the world is going to change over the next five years is going to blow away what's happened over the last 40." His new firm, BKREA, aims to leverage decades of collected property data with cutting-edge AI technology to reshape market competition for smaller firms.
