Tech industry investors spent roughly $900 million buying land to build a dream city in a rural part of the Bay Area. It could be years, though, before they can do anything with it.
Category: Real Estate (Commercial)
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China’s Property Crisis Is Rippling Through the Economy
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
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A.I. Can’t Build a High-Rise, but It Can Speed Up the Job
Developers are embracing artificial intelligence tools like drones, cameras, apps and robots, which can reduce the timelines and waste that have made construction increasingly costly.
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WeWork Has Sent a Distress Signal. Here’s What to Know.
The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects.
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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How Regional Banks Got Healthy Again
The crisis set off by Silicon Valley Bank’s collapse has waned. Its peers have more capital and deeper customer ties.
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How Do You Personalize Your Cubicle? We Want to See It.
Once ridiculed as a symbol of homogeneity and ennui, the work space is popular again as employees seek privacy and quiet in the office. How have you decorated your cubicle? Share your photos with us.
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In Remote Work Era, Hotel Operators Make a Bet on Longer Stays
Extended-stay hotels, which are cheaper to build and operate than their full-service counterparts, are also appealing to work crews on road, green energy and other infrastructure projects.
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Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”
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London’s Canary Wharf Tries to Revamp Its Image as Banks Exit
A major bank is leaving its long-held headquarters in London’s purpose-built financial district. But the district’s owner has other plans for the area, which may help it survive the pressures it faces.
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To Revive a Dying Main Street, One British Landlord Offered Free Rent
In a coastal English town, a floundering shopping district was given new life after 10 local businesses were given free rent for two years.