President Biden came out with a quote blueprint for renters bill of rights. The federal government is acknowledging that rents have risen faster than people's incomes and tenants need additional protections. But Biden also said it's mainly up to the state and local governments to implement any extra protections. New York went in the opposite direction and did away with a different tenant protection last week.
Twitter has stopped paying its rent, auctioned off furniture and let go half of its employees. None of that is helping Shorenstein and JPMorgan refinance a $400 million loan on the company’s San Francisco headquarters. Deconstruct chats with TRD reporter Emily Landes about Twitter's fights at the building and how it's emblematic of the larger impact of tech's shakeup on the San Francisco Office Market.