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Private-equity firm Thomas H. Lee Partners LP has closed its purchase of a controlling stake in Ten-X LLC in a deal that values the online real estate marketplace at $1.6 billion, according to people familiar with the matter.
Shake Shack's stock price has gone nowhere for two years, in part because profits have been weighed down by rising labor costs. Now the chain is looking to reduce costs by automating orders for burgers, shakes and crinkle-cut fries. The Manhattan-based company announced Tuesday that customers will place orders exclusively via kiosks at its soon-to-open restaurant on Astor Place. Shake Shack s...
Technical Assistance for the Development of Vibrant, Competitive Communities Posted on October 3, 2017 by Manikka Bowman ShareShareTweetEmail By Manikka Bowman While New England is known for its quaint towns and historical appeal, civic leaders are being challenged to strike a delicate balance between maintaining historical charm and meeting the needs of a region facing significant growth. Metro B...
Walmart may soon launch same-day delivery in New York City. The retail giant announced on Tuesday that it acquired startup Parcel, a delivery service that operates 24 hours a day. Parcel, which delivers groceries and other items from third-party retailers, intends to help Walmart with last-mile delivery, known as the final steps in getting packages to consumers. "We plan to leverage Parcel fo...
Oak Brook, Ill. (October 3, 2017) – Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, announced the signing of a 7,187-square-foot lease with The Rubicon Group, and a 4,362-square-foot lease with Clutch Global Logistics at the 201,425-square-foot Butterfield Office Plaza in Oak Brook, Ill. Denholtz Associates recently completed a ...
Less than a month after opening up a hunt for a second headquarters, Amazon has agreed to expand in Seattle in a big way. The company confirmed Tuesday it has signed a lease to take over the entire office portion of a planned downtown skyscraper called Rainier Square that will become the second-tallest building in the Pacific Northwest. Even by Amazon’s standards, the expansion is massive: Raini...
By Ken McCarthy, Principal Economist, Applied Research Lead; and Robert Sammons, Regional Director, Northwest U.S. Research Throughout this and most other business cycles we hear that tech cities have outperformed other markets by virtually every relevant economic and commercial real estate (CRE) metric, including GDP, jobs, absorption, rents, and more. But what exactly is a tech city? After all, ...
A major acquisition bolsters the Austin company's national image and adds a new line of software products to its expanding tech portfolio — which now reaches more than 13,000 customers. With a growing HQ team, a real estate move is also in the offing.
NEW ORLEANS, LA- 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced the acquisition of uCribs, the largest search site dedicated to apartments near universities. The acquisition will expand the reach of 365 Connect into off-campus housing markets throughout the nation, adding millions of rental uni...
Old school for sure. New school and then some. Do you think you know how to adapt to the digital commercial real estate world today? Learn from one of the originals. He's on all of my lists He could be his own list. Listen and learn! The Evolution of REX. Prototypes, Seed Rounds, and Beta. Well, well, well, yet another CRE//Tech Intersect event and this time in LA. I have to say it's bee...