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Are retail shops a bright spot in commercial real estate?

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With a combined impact of higher interests and low demand for office space—is a slow-motion crisis brewing in the commercial real estate market?

 
In the United States many office workers have resisted going back to the workplace, leading companies to reconsider the amount of office space they need.

That in turn is sending valuations of office real estate investment trust and stocks of office landlords lower.

However, some experts say retail shops are a bright spot in commercial real estate.

Ben Reinberg, the Founder & CEO of Alliance Consolidated Group of Companies, LLC. joins Veronica Dudo to discuss.
#retail #economy #realestate #commercialrealestate #shopping

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Without drastic change, global IT outage will hit again

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Elements of Friday’s global IT outage have occurred before and until more contingencies are built into networks, and organisations put better back-up plans in place, it will happen again.

A widespread Microsoft outage is affecting Australia’s supermarkets, banks, telecommunications companies.

There are also reports of outages in Japan and the United States.

The ongoing widespread outage is reportedly related to US-based cybersecurity provider CrowdStrike. Its ‘Falcon sensor’ is installed on many business computers to gather security data.

In a statement to Ticker News, StickmanCyber said:

“Multiple StickmanCyber security engineering and our 24×7/365 security operations teams across the country support reports that this outage is related to a CrowdStrike update. 
 
“It is our understanding that any business running versions 7.15 and 7.16 are affected by the outage, but 7.17 seems to be ok. We are waiting on official advisory from CrowdStrike on these findings but doing our best to help affected customers. It’s a lesson to always update your software, but obviously this is an extreme example. IT security tools are all designed to ensure that companies can continue to operate in the worst-case scenario of a data breach, so to be the root cause of a global IT outage is an unmitigated disaster.
 
“Crowdstrike support is offering a workaround to customers. It claims users may be able to fix the issue by booting windows in safe mode or in the Windows Recovery Environment and deleting a file named “C-00000291*.sys”.   

“CrowdStrike is aware of reports of crashes on Windows hosts related to the Falcon sensor,” the company said in a statement on its website.

“Symptoms include hosts experiencing a bugcheck\blue screen error related to the Falcon sensor. Our engineering teams are actively working to resolve this issue and there is no need to open a support ticket.

“Status updates will be posted below [on the Microsoft websit€0 as we have more information to share, including when the issue is resolved.”

Laptops down

Thousands of users across the world reported problems with Microsoft services to Downdector.com, a website that tracks service disruptions.

Microsoft laptops suddenly restarted across Australia on Friday afternoon.

Outage website Downdetector shows issues across companies including NAB, Bendigo Bank, Telstra, CBA, Google.

Microsoft response

As users take to social media to complain, Microsoft reported a service outage for its Microsoft 365 apps and services, affecting businesses and users across the world.

“We’re investigating an issue impacting users ability to access various Microsoft 365 apps and services,” Microsoft 365 Status said on X early Friday.

Microsoft didn’t respond immediately to a request for comment.

Frontier airlines

 

The outage forced low-cost airline Frontier to cancel some flights. “Our systems are currently impacted by a Microsoft outage, which is also affecting other companies,” Frontier said in a statement. “We appreciate your patience.” The carrier said it would offer refunds to affected passengers.

The Federal Aviation Administration said Frontier asked it to pause the airline’s departures across the U.S. Thursday night. The ground stop was later lifted. 

 

 

 

 

 

 

It said it is “observing a positive trend in service availability” as it continues to mitigate the problem.

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