Top News for Real Estate Pros

Stream of Major Companies Cut Back on Remote Work With Renewed Return-to-Office Mandates

Silicon Valley's Google is the latest employer tightening its enforcement of in-office mandates, a move met by burgeoning optimism across the nation's commercial real estate market but opposition among some employees. After more than a year of allowing its workers to come in for three days a week, the company warned employees that nonattendance could be used in performance reviews as many of its offices have sat largely empty.

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Texas Claims State Park in 'Extraordinary' Act of Eminent Domain To Try To Stop Developer

The Texas Parks and Wildlife Commission voted unanimously to condemn more than 5,000 acres in Central Texas, including more than 1,800 acres comprising Fairfield Lake State Park in what they called an "extraordinary" and "unusual" action. The decision was made as a last resort to stop a Dallas developer from building a luxury residential community by hesitant commissioners, while saying the commission needed to save Fairfield Lake State Park, which has been used as a state park attracting more than 80,000 visitors a year for half-a-century.

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Major Apartment Landlord Sees Rent Growth Start To Slow in These Popular Cities

For MAA , one of the largest owners with a portfolio concentrated in Sun Belt states, popular cities such as Phoenix and Austin, Texas, have gotten “a little weaker” since the start of the year, Tim Argo, the firm’s executive vice president and chief strategy and analysis officer, said. On the other hand, Charlotte, North Carolina, is strong and has “held up really well” along with other markets including Raleigh, North Carolina, and Charleston, South Carolina.

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Billionaire Kroenke’s Company Joins San Diego Sports Arena Development

Kroenke Group Managing Director Jason Gannon said in a statement the company’s investment “encompasses all aspects of the Midway Rising project.” Day-to-day redevelopment operations will remain spearheaded by original project partners including mixed-use developer Zephyr Partners , affordable housing developer Chelsea Investment Corporation and sports and entertainment arena operator Legends .

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