Savills Names 8 Rising Global Tech Cities
PlaceTech
Eindhoven, Manchester, Tallinn and Vilnius have been named Europe’s rising stars in the global tech city big league, according to research by Savills.
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech
Eindhoven, Manchester, Tallinn and Vilnius have been named Europe’s rising stars in the global tech city big league, according to research by Savills.
The Wall Street Journal
Money is pouring into exchange-traded funds that bill themselves as socially conscious. This year investors have put a record $27.4 billion into ETFs traded in U.S. markets that say they focus on environmental, social and corporate governance, or ESG, practices, according to data from FactSet, doubling the size of the sector.
Unacast
More than $1 billion in buying power has left #Tribeca #NYC since the pandemic began; half of that was in the first 60 days. #COVID19 ‘s $34 billion dollar bite out of the Big Apple — #locationdata #humanmobility #CRE
CNN
President-elect Joe Biden will name Gina McCarthy as his White House climate czar, a source familiar with the decision tells CNN, making the former head of the Environmental Protection Agency his top domestic climate coordinator. McCarthy, who currently serves as the head of the Natural Resources Defense Council, will lead Biden’s newly formed Office of Domestic Climate Policy, a source said. McCarthy served as the administrator of the EPA from 2013 to 2017 under President Barack Obama. …
The New York Times
If the United States wants to get serious about tackling climate change, the country will need to build a staggering amount of new energy infrastructure in just the next 10 years, laying down steel and concrete at a pace barely being contemplated today. That’s one conclusion from a major study released Tuesday by a team of energy experts at Princeton University, who set out several exhaustively detailed scenarios for how the country could slash its greenhouse gas emissions down to zero by 2050….
The Wall Street Journal
Baseball legend Alex Rodriguez is teaming with a Miami private-equity firm to invest more than a half-billion dollars in buying or developing hotels at a time when the industry has been ravaged by the pandemic. The former New York Yankee known as A-Rod said he is joining CGI Merchant Group in its new hotel investment fund, which the firm launched this month.
Axios
In less than a year, the pandemic shot us more than a decade ahead in the workplace transformation. The pandemic’s acceleration of telecommuting has changed much more than the way we attend meetings. We’ll see lasting impacts on company culture, the job market, demographics and cities.
The New York Times
When the University of Denver reopened for classes this fall, there was a new building on campus next to the student athletics center: a coronavirus testing center created using modular construction. Students and staff can either walk up or drive up to have their temperatures screened or to receive a virus test at one of six windows at the center, a 40-foot-long building manufactured out of state in a factory and shipped to Colorado on a flatbed truck.
The Wall Street Journal
Empty co-working spaces are helping push office vacancies in big cities to levels not seen in decades, threatening the commercial-property sector’s reputation as a haven for investors. Office buildings are often considered relatively protected from economic shocks because most tenants are locked into long-term leases of five years and often more. Landlords could count on steady income even at times when corporate profits are down.
TechCrunch
When it first launched nearly three years ago, Fifth Wall had a vision of leveraging capital limited partners from across the real estate development and construction business to back the technologies the industry needed most. That early vision resonated so well that the firm has grown from managing one fund of $212 million to holding roughly $1.2 billion in assets under management. It has also come to the realization that the investment vehicles they’re currently managing have one huge blind sp…
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