WeWork, the office space giant that was struggling even before the coronavirus shut down much of the economy, is asking landlords for a break on its huge rent bill as it tries to ...
News Archives | Page 548 of 1011 | CREtech
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post) Commercial real estate is navigating perhaps its greatest challenge in a generation, if not more. Many of the world's most prominent companies have indicated that their needs for office space will...
Construction startup Katerra is replacing its chief executive and has secured new funding, as the firm tries to navigate a sharp industry slowdown caused by the pandemic. Paal Kibsgaard, the former chief executive of oil services firm Schlumberger Ltd. and most recently Katerra’s chief operating officer, is taking over the helm on July 1. Michael Marks, who co-founded the company in 2015, is ste...
In mid-March, Apple closed all of its stores outside of China “until further notice.” It was a sweeping — but necessary — move for a world facing down a growing pandemic. In a statement issued today until the title, “To our Customers,” Retail SVP Deirdre O’Brien offered insight into the company’s plans to reopen locations.
Four years ago, Aaron Levie moved Box Inc., the fast-growing cloud-computing company he co-founded, into a new, red-brick building with its logo on the facade. Box decked it out with all the trappings of Silicon Valley: a sleek cafeteria, common areas with orange hammocks, and a bar built from a converted Volkswagen...
Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms, today announced that it raised $7.5 million in Series A funding led by David Sacks’ Craft Ventures, with participation from Tamarisc Ventures. Northspyre is upending traditional commercial real estate project delivery with modern technology, automation and data-driven proactive insigh...
Popular DJ duo Chainsmokers is switching tracks with a plan to invest in startups — beginning with $10 million in mortgage lender LoanSnap. The Grammy Award-winning musicians Alex Pall and Drew Taggart had invested their personal funds before, but now they are taking it to a new level. Through a venture fund, Mantis, the two plan to invest $50 million in total, according to Bloomberg.
Danny Meyer, head of Union Square Hospitality Group, which owns New York City hotspots Union Square Cafe and Gramercy Tavern, has said that some of his restaurants probably won't open until there's a coronavirus vaccine.
As companies consider longer-term plans to work from home and the economy struggles, Manhattan’s office landlords are facing the specter of competing with their own tenants to lease space.