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Dive Brief:

• Falls Management Group has transferred operational responsibility for 10 troubled Houston properties, totaling 3,633 units, to Lynd Management Group, according to a press release shared with Multifamily Dive. The multifamily operator is implementing stabilization initiatives, including lease-up execution, operating discipline and targeted cost-containment measures.

• Multiple lenders associated with the 10 properties have also retained ThirdEye Partners, a real estate advisory firm focused on distressed multifamily assets and lender-led workout strategies, to provide due diligence, strategic advisory services and recovery analysis and evaluate value restoration opportunities. 

• Houston-based apartment investor Rao Polavarapu’s Falls Apartment Group has faced challenges on multiple fronts over the past year. Last summer, multiple Falls portfolios entered special servicing, according to a report that Morningstar Credit shared with Multifamily Dive. In November, Polavarapu filed for bankruptcy, according to The Real Deal.

Dive Insight:

Four of the 10 properties are currently operating under Chapter 11 bankruptcy proceedings. Lynd could provide debtor-in-possession financing and, subject to lender direction and court process, serve as a stalking-horse bidder or purchaser at those assets.

TEP and Lynd are jointly working with lenders and stakeholders on a comprehensive workout strategy for the six non-bankruptcy assets, according to the press release. As part of this effort, the apartment operator intends to deploy rescue equity capital and is evaluating potential joint-venture or co-sponsorship structures with the borrower. 

TEP will provide detailed reviews of rent rolls and lease files, deferred maintenance and capital needs assessments, expense benchmarking, market positioning analysis, asset-level recovery planning and cash-flow stress testing. 

Houston has been a hot spot for multifamily loan issues for several years now. For example, Dallas-based Applesway Investment Group defaulted on nearly $230 million in loans for 3,200 units in the city in April 2023.

Last year, other Houston-area apartment properties faced difficulties. In February, The Onyx, a 438-unit property now known as La Solera, was transferred to special servicing with payment default cited as the cause. The property was built in 1979 and renovated in 2019.

As The Onyx hit servicing, the Rockridge Apartments, an 881-unit property in Houston, saw its value fall from $86.3 million in September 2023 to $38 million in early 2025, according to Morningstar. The property, which went into special servicing in October 2024, has been rebranded as Palm Beach Estates Apartments.

This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter.

Dive Brief:

• “Seismic shifts” are taking place in the global labor market, including remote workers migrating back toward urban areas, according to Deel’s annual State of Global Hiring report, released Mar. 11.

• U.S. workers are now as close to major cities like New York, Los Angeles, Chicago, Houston and San Francisco, as they were in 2021 prior to the pandemic-era exodus, an analysis of more than 1 million workers at more than 37,000 companies globally found. The same is true of London and Paris, the HR and payroll platform reported.

• In another shift, cross-border hiring by nearly 100 top-funded startups “overwhelmingly” is centered on high-income countries, “shattering the myth that international hiring is primarily about cost-cutting,” the analysis showed.

Dive Insight:

“Hiring internationally isn't driven by shrinking budgets, but an intense competition for the best talent. That talent still lives in major metro areas, closer to big cities than they have in recent years,” Lauren Thomas, Deel economist, stated in a press release.

For example, Deel’s analysis found that general AI trainer jobs are the fastest growing cross-border roles on its platform, with a 283% increase in 2025. More than half of AI trainers are based in the U.S., followed by India (7.2%), the Philippines (4.6%), Canada (2.1%) and Kenya (1.7%), the analysis showed.

Notably, seven of the top 10 cross-border roles globally are in sales, marketing or customer-facing functions, signifying that “local market knowledge remains nearly impossible to automate,” Deel said.

As workers migrate back to metro areas, they also appear more willing to accept mandatory return-to-office policies, according to a January report from MyPerfectResume.

A mere 7% of 1,000 U.S. workers surveyed at the end of last year said they would quit their jobs over being required to return to the office, a significant decrease from the 51% who said at the beginning of 2025 that they would resign if forced to go back to the office, the survey found.

However, as companies find their teams spread across different locations, evolving workplace arrangements require flexibility, a September 2025 Gallup report indicated. The report found that hybrid models work best when teams decide the rules, such as scheduling, because people are more productive and less anxious when teams establish shared norms.

This article first appeared on GuruFocus.

Nvidia (NASDAQ:NVDA) is joining forces with a group of telecom heavyweights to help shape what 6G networks could look like, with AI sitting right at the center instead of being added later.

Partners in the effort include Cisco (NASDAQ:CSCO), Nokia (NYSE:NOK), Ericsson (NASDAQ:ERIC), Deutsche Telekom (DTEGY), SoftBank (SFTBY), SK Telecom (NYSE:SKM), T-Mobile (NASDAQ:TMUS), and Booz Allen (NYSE:BAH). The idea is to build wireless infrastructure that is open, secure, and designed with AI as a core capability from day one.

• Warning! GuruFocus has detected 4 Warning Signs with NVDA.

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The vision goes beyond faster phones. These future networks are expected to connect and support billions of autonomous machines, vehicles, and sensors, while also handling real time intelligence and decision making across industries.

Nvidia believes embedding AI across the radio access network, edge, and core layers will be critical to making that happen.

Illinois’ affordable housing finance agency is relocating from a foreclosure-troubled East Loop office tower to Michigan Plaza in Chicago.

The Illinois Housing Development Authority signed a 72,645-square-foot lease at 225 North Michigan Avenue, according to Transwestern, which handles leasing for the property, as was first reported by Crain’s. The agency will move later this year from its current offices at 111 East Wacker Drive in Illinois Center, where its roughly 67,000-square-foot lease expires in October.

IHDA’s departure comes more than a year after the owner of Illinois Center, New York-based AmTrust RE, was hit with a foreclosure lawsuit tied to a $260 million loan secured by the two-building complex. Properties entangled in foreclosure often face limitations on funding tenant improvements or other leasing incentives, as lenders and owners sort out the property’s future, according to the publication.

That uncertainty opened the door for Buffalo-based Aegis Asset Management, which owns Michigan Plaza, a two-tower complex at the northeast corner of Michigan Avenue and Lake Street.

Transwestern’s Mark Buth said in a statement that IHDA was attracted to the building’s amenities, location and stability. Avison Young brokers Jeff Lindenmeyer, Chris O’Leary and Shannon Connerty Morris represented IHDA in the lease, while Buth and Transwestern’s Kathleen Bertrand and Steve Hennessy represented Aegis.

IHDA administers financing and tax credit programs for affordable housing developers and offers low-interest mortgage programs for homebuyers, according to the outlet. The agency operates with an annual budget of more than $89 million.

Spokesperson Andrew Field said the agency selected Michigan Plaza after a procurement process to evaluate new office space for its Chicago workforce and expects to begin its move in about October.

The lease helps backfill some of the vacancies Michigan Plaza has absorbed in recent years. In 2022, the Blue Cross Blue Shield Association signed a deal to relocate more than 200,000 square feet from the complex to the nearby Aon Center. The American Planning Association later vacated roughly 21,000 square feet, and Architecture and engineering firm CannonDesign renewed its lease in 2024, but downsized by about 20,000 square feet.

Currently, the building is roughly 70 percent leased, according to CoStar data. Its largest tenant, Omnicom Group, holds a lease for more than 222,000 square feet through 2028, though the marketing giant has listed more than 170,000 square feet of that space for sublease.

Microsoft Corporation (NASDAQ:MSFT) is one of the best blue chip stocks to buy for the long term. On February 25, Nikkei reported that Japan’s Fair Trade Commission (JFTC) raided Microsoft Corporation’s (NASDAQ:MSFT) Tokyo offices as part of an investigation into suspected violations of the country’s Antimonopoly Act. The investigations, Nikkei said, are focused specifically on whether the company used its dominant software position to steer customers toward its Azure cloud platform and away from rival services.

Nikkei detailed that the JFTC accuses Microsoft of making its widely used software difficult or impossible to run on cloud platforms other than Azure. This effectively locks customers into Microsoft’s own ecosystem. The JFTC also suspects that businesses that chose to run Microsoft software on competing cloud platforms were charged higher licensing fees.

In response to the allegations, Microsoft Japan said it is fully cooperating with the JFTC in its requests. Japanese regulators are also expected to seek clarification from Microsoft’s US parent company, which means the investigation will broaden beyond just the local subsidiary.

Meanwhile, on February 24, Infosys announced the completion of a major data modernization program for CSX Corporation, one of North America’s largest freight rail operators, built on Microsoft Fabric and Microsoft Purview. This marks one of the largest deployments of Microsoft’s unified data platform in the transportation and logistics sector.

Arun Ulag, President, Azure Data, Microsoft, noted that this development is a concrete enterprise win for Microsoft Fabric, the company’s all-in-one analytics and data platform. The company has been positioning this platform as the centerpiece of its commercial cloud strategy since launching it in 2023.

Microsoft Corporation (NASDAQ:MSFT) develops and sells software, hardware, and cloud services. Its major products include the Windows operating system, Microsoft Office productivity suite, Azure cloud platform, LinkedIn, and Xbox gaming consoles.

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