As companies reduce their office footprint to accommodate remote work, they are turning to decommissioning teams to clear out furniture, fixtures and equipment.
Category: Real Estate (Commercial)
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Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy?
A run-up in longer-term interest rates could help the Federal Reserve get the economic cool-down it wants — but it also risks a bumpy landing.
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Colleges Find Real Estate Bargains in Empty Office Spaces
As companies with hybrid work forces reduce square footage, universities see an opportunity to buy buildings at bargain prices.
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Properties Trump May Lose Control of in New York Fraud Case
If a judge’s ruling stands, former President Donald J. Trump could lose control of several of his properties.
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Target, Citing Theft, to Close Nine Stores
The retailer will close locations in New York, San Francisco, Seattle and Portland, saying its business had been hurt and the safety of employees and customers was at risk.
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Truck Stops Upgrade to Recharge Electric Vehicles (and Their Drivers)
Highway travel centers are adding amenities like restaurants and dog parks to accommodate the expanded dwell time of electric vehicle owners.
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Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.
Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
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How Hudson River Park Helped Revitalize Manhattan’s West Side
Developers have poured billions of dollars into transforming neighborhoods in a former industrial area, attracting companies like IAC and Google, and legions of residents.
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What Retail Sales and Other Data Say About China’s Economy
Consumers are spending a little more, but apartment prices and the pace of construction keep falling.
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China’s Exports Fall for Fourth Straight Month
New data on trade showed continuing declines in both overseas sales and imports, signs of China’s economic struggles.
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WeWork Declares Intent to Renegotiate Almost All Leases
A month after saying its continued existence was in doubt, the co-working company says it expects to “exit unfit and underperforming locations.”