Chastened by a series of economic downturns that punished the hospitality industry, state leaders are working to broaden the economy.
Category: Real Estate (Commercial)
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Squeezed by Soaring Rent, Small Shops Get Creative
Some ambitious entrepreneurs in New York City are experimenting with diversified business models to connect with shoppers and bring in more money.
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Walmart to Add 150 U.S. Stores in Five-Year Expansion Drive
The retail giant, which last opened a domestic location in 2021, said most of the stores would be newly built.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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What Evergrande’s Collapse Might Mean for the Global Economy
The long-embattled property developer was finally ordered to liquidate. What comes next will test Western companies’ appetite to keep operating in China.
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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.
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Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
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What Hefei, China’s EV City, Says About the State of the Economy
Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
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Amid a Housing Crunch, Religious Groups Unlock Land to Build Homes
Faith-based organizations are unlocking their real estate to develop affordable housing, but they face challenges from reluctant local residents, wary lenders and strict zoning laws.
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Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
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The Hottest Buzzword in Wellness Seeps Into Real Estate
Communities certified as “blue zones,” a concept that promotes healthy living and longevity, are multiplying, but some wonder if the movement is just another gimmick.
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As Development Alters Greek Islands’ Nature and Culture, Locals Push Back
As a proliferation of pools threatens some water supplies and housing costs skyrocket, people of the Cycladic islands say the Aegean islands’ character is being lost to real-estate homogenization.