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10 Must Reads for CRE Investors Today (June 24, 2021)


10 Must Reads for CRE Investors Today (June 24, 2021)
Morgan Stanley is requiring all employees and visitors to its New York offices to be fully vaccinated, reports The New York Times. Mall landlords are again turning to an old standby: pop-up stores, to help boost revenues, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.
Morgan Stanley says no vaccine, no entry. “Starting July 12, employees, contingent workers, clients and visitors at Morgan Stanley’s buildings in New York City and Westchester County must attest that they are fully vaccinated, a person familiar with the matter said, citing a memo from Mandell Crawley, the bank’s chief human resources officer. Staff members who don’t will be required to work remotely, added the person, who spoke on condition of anonymity to discuss personnel-related matters.” ( ....

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CMB's Current EB-5 Offering Is Subscribing Quickly With Only Limited Availability


CMB’s Current EB-5 Offering Is Subscribing Quickly With Only Limited Availability
DALLAS, March 16, 2021 (GLOBE NEWSWIRE) CMB Regional Centers (CMB) is currently subscribing EB-5 investors in our CMB Group 75 partnership – Hillwood Commerce 275 (Group 75), located in the Greater Detroit, Michigan area. The EB-5 Immigrant Investor Visa Program provides foreign nationals and their families with the chance to live permanently in the United States.
Group 75 will loan $26.1 million of EB-5 investment capital to a Hillwood Development Company affiliate for the construction of a 517,500 square feet (48,077 square meter) build-to-suit logistics facility for a major Fortune 500 ecommerce tenant, which is part of a 663 acre (268 hectare) master-planned, multi-phased business park currently under development at the former Pinnacle Racecourse. Construction of this development has already commenced and is projected to be complete in the third quarter of 2021. ....

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Senate confirms Biden's DHS pick after GOP delay


Senate confirms Biden s DHS pick after GOP delay
Rebecca Beitsch
© Reuters/Pool
Senate confirms Biden s DHS pick after GOP delay
The Senate on Tuesday voted to confirm Alejandro Mayorkas after a Republican effort stalled confirmation of President Biden s pick to lead the Department of Homeland Security (DHS).
Mayorkas was one of the first of President Biden s Cabinet nominees to gather significant pushback from Senate Republicans.
He was confirmed by a 56-43 vote.
Sen. John Cornyn (R-Texas) lead an effort to have Mayorkas go through a second confirmation hearing before the Judiciary Committee, and Sen. Josh Hawley (R-Mo.) putting a hold on him after he appeared before the Homeland Security Committee. ....

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