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.”
Category: Real Estate (Commercial)
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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.
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Where Does New York City Office Furniture Go?
Some office furniture in the New York City area has been caught in pandemic limbo. What happens to it if no one really wants it?
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American Cities Have a Conversion Problem, and It’s Not Just Offices
Piles of regulations, or “kludge,” and a culture of “no” are limiting the ability to turn building blocks into something new.
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Demand for Data Centers Is Soaring
The need for data centers has soared, fueled by remote work and the growth of high-speed streaming. But finding the necessary land and energy can be a challenge.
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Return to Office Enters the Desperation Phase
The next stage of getting workers back at their desks includes incentives like $10 to the charity of their choice — and consequences like poor performance evaluations if they don’t make the trek in.
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How A.I. Is Helping Architects Change Workplace Design
With more hybrid workers and new office needs, firms like Zaha Hadid Architects are turning to artificial intelligence for solutions.
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Westfield Gives Up San Francisco Mall, Signaling More Pain Ahead
Retailers have been fleeing the city’s downtown, and some analysts say there may be more to come. It’s an issue facing various downtowns around the United States.
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Affordable Housing Woes Paint ‘Bleak Picture’ for Developers
So many developments have been sidetracked or delayed that some experts expect a “production cliff” to hit in a year or so, meaning fewer new homes coming onto the market.
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WeWork Faces More Turmoil After Its CEO Departs
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.