REAL ESTATE IS MORE THAN JUST PURE COST.

The article discusses the challenges faced by local news outlets in maintaining real estate, particularly older buildings, due to rising costs and the impact of telecommuting. However, it also highlights two local news publishers who are reinvesting in real estate to generate revenue and create community spaces. Lookout Local in Santa Cruz, California, has a physical newsroom that serves as a hub for journalism and hosts events for subscribers and the community. In Marfa, Texas, the owners of The Big Bend Sentinel have opened a café and event space in their building to support their newsroom operations and engage with the community. [Extracted from the article]