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Tishman Speyer has formed a blank check company to raise hundreds of millions from investors to acquire a proptech entity. The New York-based global developer has formed a special purpose acquisition company, TS Innovation Acquisitions Corp., which filed for a $300M initial p...
Israeli Proptech startup The Jones Agency, Inc. has been named the winner of the Real Estate Tech Awards 2020 Insurance Category, presented by CRETech. CRETech is the largest event, data, and content platform in the commercial real estate industry.
Fallout from missed rent payments is threatening a large swath of the U.S population, as the expiration of eviction bans draws near. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.
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So far in 2020, nearly 20 reported incidents of flagrant racism took place on construction jobsites throughout North America, from nooses hung where workers of color would find them, to racist screeds of graffiti spewing hate.
The business of investing in tech-oriented, startup property firms took years to gain traction in the stodgy real-estate industry. But it is gaining fresh momentum during the coronavirus pandemic. As fear of exposure to the new virus is limiting the ability to visit properties a...
Buttons that you can press by just pointing at them. Others that appear to float in the air, holograms seen more in sci-fi films than office buildings. Staggered employee arrivals and departures, and the rethinking, or even elimination, of the outside lunch break.
Fitch Ratings - New York - 22 Oct 2020: Fitch Ratings has downgraded WeWork Companies LLC and The We Company's Long Term Issuer Default Ratings (LT IDR) by one notch to 'CCC' from 'CCC+'. Fitch has also downgraded WeWork LLC's Senior Unsecured Notes issue rating two notches to 'CC'/'RR6' from 'CCC'/'RR5', resolving the issue-level Rating Watch Negative.
The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80% of its remaining Gap stores being in off-mall locations.
The announcement, coming weeks after a similar pledge by China, will require a major overhaul of the infrastructure in Japan, which remains heavily dependent on fossil fuels.