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Landlord sues co-living firm for bailing on lease. A lawsuit accuses German co-living firm Quarters of “opportunistically” bailing on an $8 million lease in Brooklyn just as New York City became the global epicenter of the coronavirus pandemic.
Selina CEO says $60M in funding will get startup through crisis. Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing
As the market turns from favoring sellers to buyers, that’ll get harder. Marketing will actually mean something again. Those with a proven ability to draw buyers to their inventory will reign supreme, cleaning up on listing appointments against those with few skills and no track record of success. The bar will be raised.
On this week’s episode of EG’s We’re Still Here podcast host Emily Wright is joined by deputy editor Tim Burke for a round-up of this week’s news. From the future of flexible offices to predictions of rent plunges, it has been another week of uncertainty and potential hardship.
It is the question on every property owner’s mind right now: Are my tenants able to keep paying the rent? Tenant risk is the single most important factor in real estate, which the coronavirus crisis has bought into sharp focus by forcing tenants in multiple sectors to close virtually overnight.
Within all industries, companies are under pressure to deliver goods efficiently, fast and reliably, and especially amid the COVID-19 pandemic, in a way that keeps workers safe.
Mall owner Brookfield Asset Management Inc. BAM 3.00% plans to devote $5 billion to shoring up retailers hit by the
As The Seattle Times reports, the updated guidance of no return to work until Oct. 2 is mainly aimed at Amazon's corporate employees, but states specifically that it relates to any "employees who work in a role that can effectively be done fr...
As the U.S. hunkered in lockdown mode in mid-April, the influential venture capitalist Marc Andreessen published a viral essay titled “Time to Build.” The essay decried the complacency of Western democracies prior to the COVID crisis, and called for a mass rebuilding of physical and social infrastruct...