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A Federal Reserve Bank president who has been warning about prices rising too high in the commercial real-estate market has a new source of concern: co-working.
In an interview, Boston Fed President Eric Rosengren highlighted a potential misalignment in the property market. He noted that landlords are offering long-term leases to co-working firms, which then spend money to build out the space a...
Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son’s SoftBank Group Corp. will likely reach into the billions of dollars.
Mitsubishi UFJ Morg...
NEW YORK, Oct. 2, 2019 /PRNewswire/ -- Newmark Group, Inc. (NMRK) ("Newmark") (the "Company"), which operates a leading, global, full-service commercial real estate ("CRE") services business, Newmark Knight Frank ("NKF"), today announced that it has acquired the innovative workflow solutions provi...
DETROIT, Oct. 7, 2019 /PRNewswire/ -- Detroit-based Quicken Loans, America's largest and most tech-forward mortgage innovator, is now the first lender to develop the capabilities to perform electronic mortgage closings (eClosings) in all 50 states. Since completing its first eClosing in
WeWork’s recent struggles could put many of its leases in jeopardy. But according to a new report, its Soho and Flatiron deals are the most vulnerable if co-working rates drop.
The company’s lease obligations are only 2 percent below market rate in Soho and 4 percent below in Flatiron, the report from Ackman Ziff says.
The firm’s average rent in Manhattan is $58.91 per square foot, 20 ...
Fully autonomous vehicles may be a few years down the road in New Jersey, but now is the time to prepare. Industry and municipal leaders will discuss the potential impact of this sea change on commercial real estate, transit hub development, parking costs and other issues affecting businesses and communities throughout the Garden State.
BEIT YANNAI, Israel — Electric vehicles can significantly reduce greenhouse gas emissions, at least in theory. But challenges to wide acceptance remain significant: Batteries are expensive, charging stations are few and far between, and recharging takes far more time than a fill-up at the pump.
A technological breakthrough is nee...
The more investors learned about WeWork, the less they liked it. The details that were wrong or omitted from its financial disclosures played a part in weakening investor appetite and will pose risks if the company ever tries to go public again.
WeWork parent We C...
City officials believe the key to regulating smart lock companies is, well, requiring traditional keys.
A new City Council bill seeks to require landlords to provide tenants with physical keys to their apartments — as well as to exterior building entrances — that don’t rely on the use of technology. The measure also specifically defines a key as a “piece of shaped metal with incisions c...
Shuttle startup Via and the city of Cupertino are launching an on-demand public transportation network, the latest example of municipalities trying out alternatives to traditional buses.