Tag: Commercial Real Estate

Li Ka-Shing’s Flagship CK Asset Mulls Sale Of UBS London Headquarters For $1.4 Billion: Report
By: Date: December 22, 2021 Categories: /worlds-billionaires,Asia,Banking & Insurance,Billionaires,Commercial Real Estate,Editors' Pick,Investing,Real Estate,Uncategorized Tags: , , , , , , ,

Pedestrians queue for lunch in view of No. 5 Broadgate, an office complex to be occupied by UBS AG, … [+] as construction work nears completion in London, U.K., on August 9, 2016. Simon Dawson/Bloomberg Li Ka-shing’s real estate flagship company is said to be mulling a sale of UBS AG’s London headquarters, according to…

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LIBOR Transition Creates Possible Disconnect Exposure
By: Date: December 9, 2021 Categories: Business,Commercial Real Estate,Real Estate,Uncategorized Tags: , ,

Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on an interest rate index called the London Interbank Offered Rate. If LIBOR went up or down, so would the interest rate a borrower paid. And LIBOR rates were quoted every business day for a range…

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China Expat Entrepreneur: ‘Perfect Introduction,’ Climate Pressure Help Spur Architect’s Success
By: Date: December 5, 2021 Categories: /worlds-billionaires,Asia,Billionaires,Business,Commercial Real Estate,lifestyle,Money,Real Estate,russellflanneryblog,Uncategorized Tags: , , , , , , , ,

German architect Rolf Demmler first arrived in China in 2004 after what he says was an “accident.” Facing an uninspiring career trajectory at home, Demmler was ready for a change when opportunity called. “Somebody from out of nowhere said, ‘We have job offerings in China,’” he recalled in a recent interview in Shanghai.  “It labeled itself…

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Palm Springs In San Diego? Welcome To The Town And Country Resort
By: Date: November 20, 2021 Categories: Business,Commercial Real Estate,Real Estate,Uncategorized Tags: , ,

The new Town and Country resort Town and Country One of San Diego’s most celebrated resorts, the Town and Country recently debuted a multi-million dollar makeover guaranteed to attract guests and breathe new life into the area for a (semi) post-Covid world. The hotel’s historic complex is in the Mission Hills neighborhood, which is located…

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Procore, Cloud Software Maker For Construction Industry, Reaches $11 Billion Market Cap As Shares Jump In IPO
By: Date: October 26, 2021 Categories: Cloud,Commercial Real Estate,Editors' Pick,Enterprise Tech,Innovation,Real Estate,technology,Uncategorized,Venture Capital Tags: , , , , , , ,

Procore CEO Tooey Courtemanche (center) rings the bell of the New York Stock Exchange as he took his company public in May 2021. Procore / NYSE In March 2020, Procore CEO Tooey Courtemanche had his bags packed to go on an investor roadshow to pitch his construction cloud software business to analysts ahead of an…

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Amid Flurry Of SPACs, Prop Tech VC Firm Fifth Wall Turns To Wall Street For New Partner
By: Date: September 14, 2021 Categories: Commercial Real Estate,Editors' Pick,Innovation,Investing,Money,Real Estate,Residential Real Estate,technology,Uncategorized,Venture Capital Tags: , , , , , , , ,

Fifth Wall cofounder Brendan Wallace has turned to Wall Street’s Credit Suisse for new partner Jeremy Fox. Steven Simione Amid a flurry of special purpose acquisition companies—both its own and for its portfolio companies—venture capital firm Fifth Wall has turned to Wall Street for its newest partner. Jeremy Fox has joined Fifth Wall from Credit…

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Realty Income Is About To Get Bigger
By: Date: September 10, 2021 Categories: Commercial Real Estate,Investing,Money,Real Estate,Uncategorized Tags: , , ,

Stack of coins and miniature house against green getty Yesterday morning, two major real estate investment trusts – Realty Income O and Vereit Inc. – announced that they’ll be merging this year. The deal includes Realty Income acquiring Vereit in an all-stock transaction, with the latter’s shareholders receiving 0.705 shares of the takeover stock for…

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Mall Footfall Returns, Dick’s and At Home become ‘Alt Anchors’ and Placemaking Takes Root
By: Date: September 9, 2021 Categories: Business,Commercial Real Estate,Real Estate,Retail,Uncategorized Tags: , , ,

With fitness and home furnishings retailers in expansion mode, and many malls looking to fill empty … [+] anchor boxes, Dick’s Sporting Goods and At Home are a perfect traffic drivers. Dick’s Sporting Goods and At Home Analytics firm Placer.ai reported that traffic in a 52-mall sample was up 86 percent over March, 2020. And…

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Arbitration Awards – Maybe Not As Confidential As You Think
By: Date: August 27, 2021 Categories: Business,Commercial Real Estate,Real Estate,Uncategorized Tags: , ,

Confidential arbitration awards can become public when filed in court. RANJAN SAMARAKONE When a commercial real estate or other business transaction leads to a dispute, the parties sometimes prefer to arbitrate rather than litigate. As one of many reasons for that, they like the confidentiality of arbitration. They don’t see any upside for publicity. Fights…

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Unexpected Legal Risks Of Videoconferencing
By: Date: August 8, 2021 Categories: Business,Commercial Real Estate,Real Estate,Uncategorized Tags: , ,

It’s easy to record a videoconference, but think twice. RANJAN SAMARAKONE Zoom, Microsoft Teams, Google Meet, and many other similar services have rapidly become staples of the real estate and larger business worlds. We have all learned to videoconference. But videoconferencing may produce some awkward surprises if we aren’t careful. Videoconferencing software often allows the…

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