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Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Meyer has raised $200 million in private equity to invest in companies with a strong focus on employees and communities. “Automation at Shake Shack has nothing to d...
The new design is not necessarily a model for the future. It’s a singular, “experimental Shack” to work out ideas and to respond to customer demands. (Bloomberg)—Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Me...
By John Banks There are many complex challenges facing the real estate industry in the 21st century. Fortunately, leaders from our industry – with representation from both commercial and residential real estate – will be discussing the newest trends and solutions to those challenges all this week during NYC Real Estate Tech Week. NYC Real Estate Tech Week 2017 will feature over 5,000 leaders a...
Two weeks ago I wrote that New York City might have to offer tax breaks and other incentives worth as much as $1 billion if it wants to compete for Amazon's second headquarters and the 50,000 or so high-paying jobs it will bring to a lucky city. A staffer for one of the borough presidents not only thought it would be absurd to offer such a large subsidy but also suggested that I hadn't c...
Shares of Walmart are up 2.71% at $81.20 on Monday following the announcement that the company will begin offering a tech-savvy way for customers to return purchases. In November, Walmart will begin allowing customers to return items they purchased through Walmart.com to physical stores with the help of an app. The app will allow customers to enter all the necessary information about the retu...
An Allen-based manufacturer of law enforcement video systems has reached its upper-most height in building its new corporate campus, which is expected to accommodate about 500 workers. WatchGuard Video has reached the most vertical point in construction on the initial phase of its new Allen campus. This milestone puts the two-story, 140,000-square-foot office building near Exchange Parkway and And...
In case you missed it last week, private equity firm Thomas H. Lee Partners announced the closing of its more than $1 billion majority acquisition of Ten-X. The online platform operates Auction.com as well as other brands, including the Ten-X Wallet app and Card, which let customers pay for goods with leading cryptocurrencies (Bitcoin, Ethereum among them). With Ten-X Homes and Ten-X Commercial, t...
Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Meyer has raised $200 million in private equity to invest in companies with a strong focus on employees and communities. "Automation at Shake Shack has nothing to do w...
Silverstein Properties CEO Marty Burger will keynote the second annual MIPIM Proptech Simmit. The event, the flagship segment of NYC Real Estate Tech Week, will bring together industry leaders in real estate, technology and venture capital from around the world. Burger, who oversees more than $10 billion in projects and leads his firm’s acquisition, development and financing efforts, will delive...
HALL Structured Finance is lending Pollock Realty Corporation $26 million to construct a 61-room hotel in Menlo Park, Calif., HSF announced today. The Park James Hotel will be constructed at 1400 El Camino Real, on the main thoroughfare that connects cities up and down the San Francisco peninsula. HSF expects the hotel to open for business in May, 2018, according to the announcement. The project ...