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At a time when retail stores have been closing due to the "Amazon effect," billionaire mall owner Rick Caruso says "Amazon has been great for retail."
"What (Amazon has) shown us is a path to success," the owner of The Grove and The Americana malls in Los Angeles told CNBC's "
One of the world's largest operators of temporary office spaces is debuting its private-club-like co-working operation in Atlanta. Courtesy: IWG Interior look of IWG's No18 co-working operation Switzerland-based International Workplace Group, the parent company of Regus and Spaces, signed a 32K SF lease with OliverMcMillan to open the first U.S. location for its No18 co-working brand. The high-e...
Eight years ago, Mid-city-based Century 21 broker Ron Escobar was spending $20,000 a month marketing properties on Zillow. Now, he is spending almost nothing. “It used to be a good source for me, but lately the cost per lead skyrocketed,” Escobar said, adding that leads that used to cost $20 now cost $60. “At one point in time, Zillow sold to team leaders. Now they’re diluting it by sellin...
Co-working companies have stepped up their game in New York City, increasingly competing with traditional commercial landlords for the same tenants.
Sixteen co-working companies have leased 664,000 square feet in the city so far in 2018, David Falk, tri-state chairman of
There is an overlooked aspect of Unibail Rodamco’s $16B purchase of Westfield that may be the most interesting part of the deal. As part of the transaction, the PropTech division set up by Westfield in 2012 will be spun off into a separate listed company with a value of about €250M ($305M). Previously called Westfield Labs and now rechristened OneMarket, it will be the first publicly listed ...
Today, Abundant Power Group announced they have added a new module to their Platform: the Portfolio Energy Analytics Module. Inspired by the needs expressed by portfolio managers in commercial real estate, this new feature contains energy insights for all buildings in a portfolio and a clear pathway to profitable facility management. Energy Analytics may be used as a stand-alone service, or as a c...
OfferPad, a home-flipping startup, has severed ties with Zillow after the online listings giant announced it would begin buying houses and reselling them — the exact service offered by OfferPad.
Offerpad was one of the first companies to partner with Zillow when it piloted the Instant Of...
It takes about half a million man-days to erect a 30-story office tower, a number that hasn’t changed much over the years, because building sites have remained largely impervious to advances in automation. That’s becoming a problem for construction companies in Japan.
The industry, which bore the brunt of Japan’s prolonged labor shortage, is expecting the situation to get worse with at le...
Brookfield Asset Management BAM -0.08% is the latest global landlord to form a venture-capital unit to plow money into the growing number of potentially disruptive te...
Giant pension fund TIAA has formed a €1B ($1.2B) partnership with an innovative Dutch developer to build European offices that capture data about the people using them to improve the experience in the buildings. TIAA has bought an initial two offices totalling €200M in Amsterdam and Berlin with EDGE Technologies, and plans to fund up to €800M more, with a third deal imminent. TIAA made the a...