As office vacancies climb to their highest levels in decades with businesses giving up office space and embracing remote work, the real estate industry in many American cities faces a potentially grave threat.
Shares of companies that own shopping centers, hotels and New York office buildings were decimated most of last year but mounted a first-quarter comeback, as investors bet that a vaccine rollout can revit...
You know the drill. Disruption engenders change and, as a result of the current and ongoing market shock driven by the COVID-19 pandemic, change that was already underway has accelerated. Real estate companies have been embracing proptech like never before. However, this change has by no means been uniform across the board. I had a chat with Connell McGill (CEO) and Comly Wilson (director of marke...
Employers are starting to plan their return to the office after the coronavirus pandemic-enforced year of remote work. But landlords are increasingly accepting that the use of the office may be fundamentally altered, and they may need to be flexible to meet demand.
New York, NY (April 6, 2021) — CREtech, the largest media company devoted to covering the real estate technology sector, announced that they are assembling a “Future Leadership Board” of undergrad or graduate college students in real estate programs. Future Leadership Board members will get access to quarterly meetings with CREtech CE...
Big companies are making plans to stick with city-center office buildings, but they are cutting back on space and driving down rent prices for years to come, according to an analysis of U.S. office leasing trends prepared for The Wall Street Journal.
Though Compass priced its stock at $18 — more conservative than the $23 to $26 per share it initially targeted — it closed at $20.15 on its first day of trading. The IPO raised $450 million for the company, minus $22.5 million in underwriting fees, according to the company’s final prospectus filed Friday.
