Steven Quick, who has spent the past seven years as a top executive at commercial real estate giant Cushman & Wakefield, and Michael Casolo, who’s worked at JLL, Cushman & Wakefield, and the hedge fund Bridgewater Associates, have just joined the global workplace design-build firm Unispace. The company, which has designed and built out offices for companies including Airbus, Sonos, Michael Kors, and the Salvation Army, is a new kind of one-stop shop for office real estate. Founded in Australia in 2010, Unispace has grown to 46 offices and design studios in 25 countries. Quick will be the company’s global CEO, and Casolo its chief revenue officer. … [Read more...] about Are offices dead? Not yet, but real estate power brokers are betting on a new strategy
Belvoir real estate group
The first community land trust in rural Georgia in 1970 was established on land purchased by a small group of individuals with some federal grant assistance and became the largest single piece of land in the country owned by African Americans, who got to keep all the proceeds from their labor. Although the trust, New Communities Inc., was beset by drought and discrimination from the start and was forced to close by the late 1980s, it helped inspire people to create similar organizations across the country. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities
India’s strata office market is valued at 2.26 lakh crore: ReportKV Kamath committee report: Will help real estate sector in debt servicing, raise buyer confidence, say expertsAmrapali case: Supreme Court directs Mahagun Group to deposit Rs 240 crore before March 31, 2021 … [Read more...] about Embassy Group signs MoU with BMRCL for Bettahalasur Metro Station
At stake is New York’s financial health and its status as the world’s corporate headquarters. There is more square feet of workspace in the city than in London and San Francisco combined, according to Cushman & Wakefield, a real estate brokerage firm. Office work makes up the cornerstone of New York’s economy and property taxes from office buildings account for nearly 10% of the city’s total annual tax revenue. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
That sentiment echoes what we’ve already heard from some companies: that the U.S.’s economic nosedive has introduced incredible real estate opportunities. Chipotle CEO Brian Niccol told us that, despite Chipotle’s revenue being down by 5% since 2019, it’s an ideal time to expand, and the company’s dependable reputation makes it an enticing client to landlords. Niccol suggested that you will soon see Chipotles in higher-end locations than you would have thought possible, as the company plans to seize an uncertain market to make lemonade out of lemons. … [Read more...] about Ikea and Ingka Centres’ $260 million bet to rehab a mall in downtown San Francisco