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WeWork’s new executive chairman, Marcelo Claure, held an all-hands meeting with employees on Friday and outlined his plans to get the embattled office-sharing company back on track and working towards profitability. For over an hour, Claure spoke broadly about WeWork’s values as well as the company’s need to regain trust with both members and the public,
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Photo by Shutterstock ATLANTA—Americold Realty Trust has struck a deal to buy the Canada-based Nova Cold Logistics for approximately $254 million from Brookfield Business Partners. The Nova Cold portfolio consists of three locations in Toronto, Calgary, and Halifax with additional acreage for future expansions. Americold already has a presence in the country through its third-party
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A “Sold” sign is displayed outside a townhouse in the Queen Anne neighborhood of Seattle, Washington, March 10, 2019. Chona Kasinger | Bloomberg | Getty Images The supply of homes for sale is falling across the nation, as demand soars and attractive mortgage rates pull buyers off the sidelines. At the end of October, inventory
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Rep. Maxine Waters and Sen. Kamala Harris Getty Images; Reuters Sen. Kamala Harris and Rep. Maxine Waters introduced a bill Thursday to invest more than $100 billion in affordable housing. The measure, called the Housing is Infrastructure Act, aims to target issues such as limited affordable rental units and aging public housing. The California Democrats’
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Sylvia Witzke When you think of traditional modular construction, most people imagine cheap, single- or two-story buildings, or a cookie-cutter house on a rolling truck being delivered to its permanent location. But modular construction methodology has come a long way. These days, modular construction involves fabricating a building’s core structural components — referred to as
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WASHINGTON DC – Berkadia has announced the closing of seven senior housing deals within the past three months, totaling $158.9 million in financing. The transactions, secured by the Berkadia’s Senior Housing & Healthcare group, resulted in an active third quarter for the firm. The executed senior housing financings ranged a wide variety of deals. The
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Rendering of the Northside at McEwen building in Franklin, TN FRANKLIN, TN – Mitsubishi Motors North America Inc. will move its permanent headquarters to the Cool Springs district of Franklin, Tennessee. Confirming its future location in the Nashville suburb, Mitsubishi has signed a long-term lease within the Northside at McEwen building, located at 4015 Aspen
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Mitchell Yankowitz of Medical Office Asset Management. ➤➤ Join the GlobeSt.HEALTHCARE (formerly RealShare) conference December 3-4 in Scottsdale, AZ. The event will cover the industry’s major issues as well as the prevailing and upcoming trends in regulations, space use, budgeting, and technology implementation. Through panel discussions and peer-to-peer networking opportunities, the attendees will gather expert
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A PulteGroup housing development in San Jose, California. David Paul Morris | Bloomberg | Getty Images The nation’s single-family homebuilders are feeling very positive about their business, but a monthly sentiment indicator fell in November from a recent high. The national association of Home Builders/Wells Fargo Housing Market Index (HMI) fell one point to 70,
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Scott Cannon As we consider the long-term effects, risks and costs associated with climate change, we can look to actions and solutions in the built environment to mitigate the impact. One such example is being undertaken by my own alma mater, the Georgia Institute of Technology in Atlanta. The university is just completing construction on
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David Berg NEW YORK—Move aside ‘location, location, location.’ Experience has become the new buzzword for commercial real estate. Or if you prefer, the more traditional word ‘hospitality.’ “Hospitality and experience are the new buzz words for real estate, and seemingly as common and important as location,” David Berg, partner at Infinity Real Estate, tells GlobeSt.com.
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JulieAnn Soeder, project designer at Vocon. NEW YORK CITY – Workplace sustainability in design and development is growing as more employers make it an aforethought than an afterthought to not only meet policy requirements but growing pressure from clients and investors, JulieAnn Soeder, project designer at Architecture firm Vocon, tells GlobeSt.com. No one development project
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U.S. Rep. Alexandria Ocasio-Cortez (D-NY) is joined on stage by Democratic Presidential candidate Bernie Sanders (I-VT) during the Climate Crisis Summit at Drake University on November 9, 2019 in Des Moines, Iowa. Stephen Maturen | Getty Images Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez will unveil legislation on Thursday that provides $180 billion over 10
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SEATTLE, WA – Real estate technology platform, MoxiWorks has acquired Imprev, an automated marketing service. Imprev, launched in 2001 as a fully-automated service provider that creates and continually updates branded print, digital and social media marketing materials and packages for agents’ listings, throughout the brokerage process. The company aims to offer brand consistency and marketing
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A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Competition in the fall housing market is falling. Just 10% of offers written by Redfin agents for their clients in October faced a bidding war, down from 39% a year ago, according to the Seattle-based
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Anthony LoPinto Yesterday we celebrated Veterans Day, a time when we honor those who have served our country and reflect on the importance of our armed forces, especially in times like today when the geopolitical scene is in turmoil on every continent. What I don’t understand is why the day is not celebrated universally by
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Courtesy: NYPD The New York City Police Department released video footage on Tuesday showing a group of men who they say ransacked a mansion belonging to billionaire real estate mogul Don Ghermezian, stealing $140,000 worth of luggage and jewelry. The footage shows several unidentified male suspects walking past a security camera on Saturday evening outside
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On a cold and blustery afternoon in the South Bronx, about a dozen high school students were roaming the streets of their neighborhood, but they weren’t just hanging out. They were figuring out values, calculating capitalization rates on multifamily properties and scouting out investment opportunities. They are part of Project Destined, a nonprofit program that
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Adam Hooper, CEO at RealCrowd. NEW YORK CITY— Dock 72, a 675,000-square-foot waterfront office property in the Brooklyn Navy Yard, has captured the property technology sector. Rudin Development, Boston Properties, and WeWork co-developed the 16-story office building that has been in the spotlight since it opened last month because of its combination of tech, design, amenities,
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