Browsing: office buildings
Trump faces huge losses as he flogs commercial real estate properties in the teeth of a brutal market
The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover…
Glassdoor is closing its final remaining offices in Chicago and San Francisco as it goes fully remote
Christian Sutherland-Wong took over as CEO of job-review site Glassdoor in January 2020 after five years in various roles across…
CRE vet who advised on $8 billion of deals says 30% of office buildings are ‘basically worth nothing’ and ‘just have to be torn down’
The demolition phase is coming. As remote work keeps employees out of the office and vacancy rates sit at all-time…
The ‘prophet of urban doom’ says a 1970s-style ‘doom loop’ is here for New York City, and it’s just the first inning of the ballgame
As nicknames go, Columbia Business School professor Stijn Van Nieuwerburgh has a doozy. The gray lady herself, The New York…
“The problems facing most cities pale in comparison to San Francisco,” Capital Economics wrote recently. When the pandemic hit, the…
5 years after getting ousted from WeWork, former CEO Adam Neumann tries to buy his former company out of bankruptcy
Billionaire WeWork cofounder Adam Neumann was forced out as CEO after the coworking startup’s failed IPO in 2019. But with…
WebMD’s parent company goes nuclear on return to office in an uncanny leaked video: ‘We need you ready and present and we need it now’
Earlier this week, Internet Brands, the parent company of WebMD, Fodor’s, Lawyers.com, and CarsDirect, shared an unusual and discomfiting video…
Neiman Marcus doubled down on working from anywhere after dumping half a billion feet of office space. It has no plans to turn back.
Things weren’t looking good for luxury retailer Neiman Marcus in the early pandemic. Nobody was shopping—nobody had anywhere to go…
What’s next for commercial real estate after the $500 billion wipeout of 2023? It’s a lot more complex than ‘mass obsolescence,’ industry watchers say
Sooner or later, commercial real estate’s day of reckoning had to come. Following an era of “cheap money” that stretched…