Blackstone Sells $1 Billion of California Warehouses to Rexford
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Nuveen is shifting management of about 3,000 rental houses to Invitation Homes Inc., marking the end of its attempt to launch a new single-family landlord.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for bigger banks due to report in weeks to come.
Canada’s real estate market is seeing some signs of increased activity, but one economist says a recovery will be gradual until interest rates are firmly moving down.
Jun 22, 2021
The Canadian Press
An Ernst & Young survey has found that Canadian employees have embraced workplace flexibility and want it to continue post-pandemic.
The 2021 Work Reimagined Employee Survey found that 93 per cent of respondents said they would likely remain with their organization for the next year or more if they have control over where and when they work.
But 54 per cent would be willing to quit if flexibility on schedule and work location is not maintained.
Even if top-notch, on-site office amenities are offered, two-thirds would prefer to control where and then they work with respondents being 1.4 times more likely to opt for having control over working hours.
Some 61 per cent want their company to require vaccines before returning to physical workspaces.
Nearly half say company culture has improved since the beginning of the pandemic in early 2020.
“Whether you know - and accept - it or not, your employees have been forever transformed, and walking back this sea of change isn't an option,” says Darryl Wright, partner, People Advisory Services at EY Canada.
“Employees have embraced the flexibility that tech-enabled remote working has made possible. And they don't expect it to stop in the aftermath of the pandemic. This is a critical moment for collaboration among all senior executives to reimagine a model that supports both a safe transition and physical transformation to the workplace.”
While early data suggests employees are just as productive working from home, the jury is still out on the long-term effects of working remotely, including from the loss of coaching and mentoring.