The Man With More SPACs Than Anyone

The billionaire investor, who first tried his hand at the unconventional reverse-merger IPO process in 2015, has watched the market for SPACs reach a fever pitch over the last two years. As the market swelled, he became a serial SPAC backer. He has methodically created 13 special-purpose acquisition companies, more than any other single investor, according to data provider SPACInsider….

The Market Minute: SPAC Regulation May Be On The Horizon

If you’ve been keeping tabs on the public markets the past few weeks, you’ve probably noticed that the number of SPACs forming and filing for initial public offerings has slowed down dramatically.

This Developer And Architect Want To Bring The Factory Back To The Centre Of The City

Factories and manufacturing buildings used to be common in the centre of cities. But as urban centres grew in the wake of the industrial revolution, other uses that commanded higher rents and prices — offices, residential, retail — pushed factories out….

Manhattan office availability hits record high…again

April was also the 11th consecutive month Manhattan’s availability has climbed, eclipsing the 16.1 percent record set in March. It also stands in contrast to April 2020, when the figure stood at 10.3 percent, according to the report.

The Future Of Accommodation: When Coliving And PropTech Combine

As technology develops at an ever-faster rate, the possibilities for where and how new innovations can be used are endless. The property sector is one such area where new technology, such as smarter video surveillance, is being used to improve the quality of life for families and communities by increasing security as well as implementing changes based on new insights.

That Vacated Sears Store May Reopen as a Public School

Mall owners have hit on a new way to fill gaping holes left by failed department stores and other departing big-box tenants: hosting public schools in need of more space.

Avenue 8, a mobile-first brokerage, raises $14M

The San Francisco-based company said the Series A will fuel its expansion beyond Southern California to new markets, including New York and Miami.

Barbados Trip? A Tesla? Returning to the Office at This Firm Has Its Rewards

It started in April with a daily cash prize of $10,000 awarded randomly to an employee every workday. But that’s not all. Three employees and a guest for each will board a private plane headed to Barbados for an all-expenses-paid vacation. And a grand-prize winner will get to drive to work in a new Tesla.

In Sputtering NYC Hotel Sector, Some Signs Of Life

The NYC hotel industry is showing signs of life as the pace of vaccinations in the metro area quicken and federal stimulus funds shore up the sector. A new report from CBRE predicts an average occupancy level of 43.3% during the first half of this year, an increase from the 35% recorded in 2020, and a 74.3% occupancy rate, on average, for 2022. A return to normal is within sight, with CBRE analysts forecasting 86.4% occupancy by 2025.

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