This level of control is especially important now that companies are moving from the initial shutdowns to the interim office adaptations to considering dramatic changes to the way their offices look and operate, Quick says. Unispace estimates that companies are going to be wanting 20% to 30% less office space when the pandemic is brought to heel. Working with one organization to make these adaptations means companies can rethink their offices more quickly, and more easily implement changes as conditions evolve. … [Read more...] about Are offices dead? Not yet, but real estate power brokers are betting on a new strategy
Evergrande real estate group
The land lease sets out terms for any future sale of the property, letting the homeowner build equity through appreciation in value while ensuring the home remains affordable for future limited-income buyers. This sort of shared-equity model may not appeal to people who can afford open-market housing. But for those otherwise priced out of the housing market, it is an opportunity to build equity and wealth and establish credit and financial stability. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities
“This metro station will ease the traffic situation on the Outer Ring Road, leading to the International Airport. We are very happy to associate with BMRCL for this second metro project and look forward to continue supporting the creation of world-class public transportation in Bengaluru,” said Aditya Virwani, chief operating officer, Embassy Group. … [Read more...] about Embassy Group signs MoU with BMRCL for Bettahalasur Metro Station
In normal times, owners of large office buildings would typically not entertain a one- or two-year lease extension for a large tenant, said Franklin Wallach, senior managing director of the New York Research Group at Colliers. “They see that new leasing activity has dropped off while the amount of sublet space coming into the market is on the rise, so the average landlord wants to keep the tenant in the building.” … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
Ingka’s Centres division just announced that it will spend $260 million to open a mall in downtown San Francisco in the fall of 2021. (And yes, the mall will have an Ikea inside to boost the commercial appeal of its property to, in turn, lease space to other companies; aside from its $35 billion furniture business, real estate is Ingka’s global business plan in a nutshell.) But beyond the Ikea store, Ingka has a lot more planned for the space. “It will eventually serve as a mixed-use ‘meeting place’ that could include retail, residential, hotel, flexible working spaces, [food and beverage], community services, etc.,” an Ingka Centres spokesperson writes. “We will work with San Franciscans to develop the space based on their wants and needs.” … [Read more...] about Ikea and Ingka Centres’ $260 million bet to rehab a mall in downtown San Francisco