But the traditional commercial real estate business has been much more disjointed. Casolo says a company looking to open an office would typically hire a consultant to develop its workplace strategy, then hire a broker to find the space and an architect to design the space, then a project manager to line up the contractor to build it. Unispace’s approach pulls it all under one roof. “Strategy, design, and execution are all together. You have far greater control,” Casolo says. … [Read more...] about Are offices dead? Not yet, but real estate power brokers are betting on a new strategy
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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
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?
Technically, the new mall is an old one. San Francisco residents will recognize the six-floor “6×6” development at 945 Market Street, a 250,000-square-foot building completed in 2016, only to remain dormant since, save for a successful parking garage in the basement. “Far from the tech-fueled money tree that developers hoped it would be, 6×6 has come to represent something of a canary in the coal mine for S.F. real estate,” wrote real estate publication Curbed in a profile on the location in July. … [Read more...] about Ikea and Ingka Centres’ $260 million bet to rehab a mall in downtown San Francisco