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
Why prepay real estate taxes
A history of working together Local governments have formed several kinds of partnerships with community land trusts. In June, the city of Seattle announced it would transfer a decommissioned fire station to the Africatown Community Land Trust, saying “we understand the urgency behind making bold investments in the Black community and increasing community ownership of land.” Community members hope the site will play a key role in a city development plan that highlights Black entrepreneurs. It’s one of several proposals in the region for Black-led community organizations to acquire underutilized public property. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities
"This area of Bengaluru witnesses thousands of people travelling daily to work, airport and considering traffic situations in parts of the city like the airport road during peak hours, we expect this new route to ease traffic woes along this busy corridor and provide an alternative solution to a large number of private vehicles," he said. … [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?
Given the limited fiscal stimulus, so far, there is scope for future action. The corporate sector, especially the medium and small enterprises, self-employed and small businesses have been the worst hit. Lower interest rates and increased credit is unlikely to solve the problems.We need direct support to businesses in the form of subsidies, grants or compensation for labour and other fixed costs borne during the lockdown. PSU banks need to be encouraged to lend more, which, in turn, requires the government to capitalise them quickly. Tariff and non-tariff barriers for imports need to be stricter. Further support for 'Make in India' and a new SEZ policy are needed to kick-start growth. … [Read more...] about ‘Market looks frothy but value stocks may outperform growth ones in short term’