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Colliers earlier this month acquired Greystone Sales Group, LLC (GREA Dallas). Details of the transaction were not disclosed.
GREA Dallas is a multifamily investment sales firm in Texas. The firm’s 25 professionals serve private and institutional investors nationwide.
“Dallas continues to be one of the most dynamic multifamily markets in the country,” said Gil Borok, President and CEO, U.S. & LATAM at Colliers. “Its strong economic fundamentals, population growth, and investment activity make it a key focus of our national multifamily capital markets strategy. The GREA Dallas team brings deep expertise and a proven track record, and allows us to further elevate our presence nationally and deliver best-in-class service.”
“We are thrilled to become part of a firm that has an exceptional record as one of the world’s most respected real estate service businesses,” said Todd Franks, Chairman and Founding Partner of GREA Dallas. “Joining Colliers enhances our ability to deliver unparalleled service across the multifamily real estate sector in Texas and nationally. We look forward to leveraging Colliers’ established platform and collaborating with their talented specialists to continue driving exceptional outcomes for our clients in sales and financing of this important asset class.”
A new study says that employees have for the most part accepted back-to-the-office policies, especially hybrid schedules. That doesn’t mean, though, that all employees are complying when their companies mandate that they return to the office, whether that mandate is one to two days a week or four to five.
That’s one of the main takeaways from JLL‘s Workforce Preference Barometer 2025, a report studying the state of the global workforce.
Another key finding? Most employees told JLL that they are more interested in maintaining a solid work-life balance than they are in a higher salary. This means flexibility: Workers want the flexibility to work remotely when it makes sense and to work non-traditional hours if it results in benefits such as a shorter commute to work.
Others who are caring for children or elderly parents want a schedule that allows them to tackle these caregiving duties even if they arise during normal working hours, as long as they can complete their duties during non-traditional working hours.
Researchers compiling this year’s JLL’s Workforce Preference Barometer surveyed 8,700 office workers in 31 countries. These respondents worked at companies that each employed more than 1,000 staffers in sectors including finance, technology, manufacturing and public services.
JLL’s survey found that 65% of respondents listed work-life balance as their top priority, ahead of salary. This is evidence of how important it is for companies to provide their workers with a work schedule that does give them the chance to spend time with their families or enjoy downtime away from the office.
“We have been publishing this barometer for several years, and the statistic that stood out to me this time was the importance that employees place on flexibility and work-life balance,” said Peter Miscovich, executive managing director, global future of work director for JLL. “What we are seeing is that with the accelerated pace of change, accelerated rate of tech adoption, the post-pandemic stressors in the marketplace and uncertainty about the economy, is that people are really looking for greater time flexibility and work-life integration if not full balance.”
Peter Miscovich (Photo courtesy of JLL.)
Miscovich said that survey respondents said that they want a greater level of autonomy when it comes to their work schedule. They want time to disconnect from their work.
“There is still that always-on workplace mentality that is prevalent today,” Miscovich said. “The high levels of stress and the burnout of multiple cohorts is pervasive. That finding in the barometer supports what we are seeing in the marketplace today. People are feeling stress. We will see if this changes, but it does seem to be part of our new normal.”
Some employers, though, are taking steps to improve the work-life balance of their workers.
Miscovich said that it is important for companies to consider the needs of different workers and to ask them what they need from their work schedules. As Miscovich says, the most successful hybrid work schedules consider input from employees on when they need and don’t need to be in the office.
A manager, for instance, might need to be in the office four days a week while a programmer might only need to be on-site one day a week. Maybe both types of employees need to be in the office when on-site meetings or brainstorming sessions are scheduled.
Other employees might be taking care of both young children and elderly parents. These workers might need to take time off during the day, something that employers can allow if these workers can complete their tasks during non-traditional hours.
Other employees might face long commute times if they must work a traditional 9-to-5 schedule. Companies might allow these workers to come into the office earlier and level earlier or get to their desks later in the day and work past 5 p.m.
“Employers should look at the individual cohorts within an organization and ask them what they need in terms of autonomy,” Miscovich said. “If the output is there and the company’s objectives are being met, providing this flexibility can be a win-win for everyone. We companies can execute this, that is where we see the greatest success.”
Accepting the hybrid model
The study reported that 66% of global office workers say that their company sets clear expectations for the number of days that they are expected to work on-site. The survey found, too, that 72% of respondents viewed these back-to-office policies positively.
Of those employees with this positive view, 50% said that being in the office at least on a hybrid basis supports better teamwork. A total of 43% of these respondents said that they prefer working in the office to working remotely and 35% said they view hybrid policies as being fairer to all employees.
Miscovich said that those in favor of hybrid policies said that they appreciate the chance to be both visible in an organization and the opportunity to work off-site.
“People are looking for workplace variety and balance,” Miscovich said. “Working seven days a week nonstop is not healthy. If you create the conditions that allow enough flexibility for workers, those are the work arrangements that earn the most positive acceptance.”
As Miscovich says, workers want a positive experience when they go to the office. They want to be able to use a conference room if they need one. They want the technology that makes it easier for them to complete their work. They want the opportunity to grab a quick cup of coffee if they need a break from work.
“They are looking for a higher-quality experience in the office,” Miscovich said. “If companies can provide that, it’s a nice win-win-win opportunity.”
The challenges
But what about those workers who don’t view their companies’ back-to-office policies favorably? JLL said that 40% of them said that they believe they will be less productive on the job if they are not able to choose their preferred work setting.
Those employees who don’t have a positive view of their companies’ hybrid policies told JLL that they are less concerned about having to return to the office than they are about a lack of company support that would otherwise make in-office work a comfortable and worthwhile experience.
The JLL survey found that 55% of respondents who had have negative views on hybrid policies are concerned about their quality of life. A total of 42% said they had feelings of being stuck in their job and 41% said that they felt let down by their companies’ return-to-office plans.
Not all workers follow their companies’ hybrid plans, of course. JLL found that compliance ranges from 74% in the United States to 85% in Europe, with compliance rates above 90% in Italy and France.
Consider companies that mandate that employees work one to two days in the office every week. JLL found that 68% of respondents at such companies did work the required one to two days. A total of 19% routinely worked three to four days in the office and 7% regularly worked all five weekdays in the office. However, 5% of respondents continued to work fully remote despite their companies’ back-to-office mandates.
For companies that mandated employees to work three to four days a week in the office, JLL found that 70% of survey respondents did follow that mandate. A total of 12% worked full-time in the office. But JLL found that 17% routinely worked only one to two days in the office while 1% remained fully remote.
And for respondents whose employers have mandated that they work full-time in the office? According to the study, 82% of these respondents said that they followed this mandate. A total of 10% of respondents said that they routinely worked three to four days in the office, 5% said that they routinely worked one to two days in the office and 2% said that they remained fully remote.
In its study, JLL said that companies can take steps to increase in-office compliance from workers. Companies should personalize the work experience, recognizing that older employees with more experience might not need to come into the office as frequently as their younger peers. Some employees, depending on the work that they do, can perform more of their tasks remotely.
JLL said that companies should reserve much of employees’ in-office time for tasks such as meetings, brainstorming sessions and other work that can only be done on-site.
Also important? Taking a more holistic approach to creating an inviting workspace. This means not only providing an office space with amenities such as onsite fitness centers, healthy food options and quiet spaces for creative work, but also providing employees with the option to work non-traditional hours, take time off to care for children or elderly parents or even take a mental break if they face possible burnout.
Employees with a positive view of their work schedules tend to work in environments in which the business’ needs are balanced with employee wellbeing.
A total of 50% of employees who are in favor of their companies’ hybrid policies say that being in the office at least part time supports better teamwork. A total of 71% of survey respondents who viewed their companies’ hybrid policies favorably said that their companies are a great place to work.
Miscovich said that companies that want to persuade their employees to come into the office a greater number of days need to provide an office space that is enticing.
“If employers want to be competitive in attracting great talent, and they want that talent to come into the office three days a week, they need a great workplace environment,” Miscovich said. “Employees are looking for that high-quality building, that high-quality workplace design. They want a building with sustainable practices and energy management. This trend will continue.”
After announcing a $15 million lobby renovation last year, JLL recently shared a first look at Four Westlake’s completed transformation. One of the most prominent office towers in Houston’s Energy Corridor, the 564,291-square-foot office tower now boasts top-of-the-line finishes that emphasize work-life balance.
The upgrades, designed by IA Interior Architects and constructed by Gallant Builders, deliver a hospitality-inspired experience that today’s tenants are looking for. Highlights include:
A modernized lobby with collaborative seating areas
A fully upgraded fitness center with showers and locker rooms
A library-style tenant lounge and coffee bar
A 200-person “town hall” conferencing center
A new food hall with diverse dining options
JLL leads leasing and property management at Four Westlake, where DBR recently signed a 47,000-square-foot lease, relocating from Westchase. Following the deal, the 20-story building still has 485,000 square feet available for tenants seeking high-quality, amenity-rich space in the Energy Corridor.
Lee & Associates brokered the lease of an 8,400- square-foot industrial building at 828 FM 1960 near Imperial Valley Drive in Houston’s North submarket.
The tenant, Bedliners of Houston LLC, is a Houston-based company specializing in the installation of high-quality spray-on bed liners for trucks and other vehicles. In addition to offering a variety of colors and accessories, the company is recognized for its durable and long-lasting coatings.
Lee & Associates represented the landlord in the transaction. The landlord, Christina Nguyen Trust, was represented by Richard Glass, SIOR, Principal, and Conrad Chambers, Associate of Lee & Associates.
An insatiable appetite for artificial intelligence by consumers across the globe and a limited supply from traditional providers is fueling a surge in demand for neocloud solutions.
Neoclouds are defined as specialized cloud providers offering flexible and on-demand access to graphics processing units (GPUs) critical for AI, blockchain, gaming and scientific workloads. Neoclouds are also known as GPU-as-a-service (GPUaaS) by merit of their ability to allow customers to select tailored solutions and lower costs than hyperscalers through direct hardware partnerships and focused service offerings.
The rise of neocloud infrastructure, which provides a clear alternative to hyperscalers, will continue, according to JLL, as customers demand flexibility, scalability and cost advantages for specialized AI infrastructure that some traditional data centers cannot adequately support.
JLL analysis shows that the global neocloud segment will potentially expand by a compound annual growth rate of 82% between 2021-2025, as competition for AI capacity intensifies and access to GPU resources surges.
“Demand for AI infrastructure is growing at an exceptional pace, and the global data center market has become capacity constrained. Neoclouds have developed an advantage over traditional cloud providers by moving faster and pricing lower with flexible terms. As AI shows no signs of slowing, its success will rely on accessibility to GPU infrastructure, which neoclouds specifically cater to,” said Andrew Batson, JLL Head of Data Center Research, AMER.
The appeal for neocloud infrastructure globally is multi-faceted and will remain front-of-mind as AI usage accelerates further. According to JLL, a major advantage for neoclouds is their ability to quickly deploy high-density GPU infrastructure versus multi-year builds common in hyperscale data centers.
However, the rise of neocloud infrastructure is not expected by JLL to be a detriment of hyperscalers. Given the specialization in AI-workloads that characterize neoclouds, hyperscalers will be better equipped to provide the diverse range of computing services preferred by many global enterprises.
From an investment standpoint, the risk profile of neoclouds differs from hyperscalers. Neoclouds are characterised by higher capital requirements and sometimes shorter lease terms, creating more immediate risks. However, risks are balanced with the rental rate premium associated with neoclouds versus traditional data center tenants.
“Funding will be a major factor to translate the potential of neoclouds into a reality capable of handling the AI load. Building GPU infrastructure is capital-heavy, and investors should have a clear vision for delivering a viable business model and support from key clients before undertaking an entry into the neocloud space”, said Muhd Syafiq, Director of Data Center Research, Asia Pacific, JLL.
John Bielamowicz, founder of Biel Partners, has built a career shaping North Texas real estate through land partnership deals, brokerage, tenant representation, and developing others. Known for guiding clients through complex markets, he combines insight, creativity, and collaboration to uncover opportunities.
His approach reflects both business expertise and a commitment to community. Beyond real estate, Bielamowicz has served the State of Texas in key leadership roles, including as chair of the Texas State Board of Examiners of Psychologists and later as chair of the Behavioral Health Executive Council as a gubernatorial appointee. Respected for integrity, results, and service, he exemplifies how professional excellence and civic leadership strengthen the Dallas–Fort Worth community.