The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
Category: Real Estate (Commercial)
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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.
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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.