Tag: Real Estate (Commercial)

Snapchat’s Disappearing Act Leaves Venice Beach Searching for Its Future

LOS ANGELES — For a lot of Venice die-hards, the thing that irked them most about Snapchat was the security guards. When the company behind the disappearing-messages app took over multiple properties on the beach as it expanded, starting in 2012, it also posted guards who would shoo away anyone who wasn’t an employee and […]

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WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses

WeWork, a real estate firm that leases shared office space, on Wednesday officially set in motion the process of becoming a publicly traded company by filing a financial prospectus with regulators. The offering by the company, which is led by a brash Israeli entrepreneur and backed by money from Saudi Arabia, will be a major […]

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If Only These Walls (and Bookcases) Could Talk

Transparency is one of the biggest trends in modern office design: open floor plans, fewer offices, glass walls and doors. And at a time when #MeToo has called attention to the sordid things that can happen behind closed doors, there may be some comfort in having everything, and everyone, within view. But a taste for […]

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Short on Cash, Businesses in China Rely on I.O.U.s to Keep the Lights On

SHENZHEN, China — China was on the cusp of the biggest building boom the world had ever seen when Zhang Zhiyang started his architecture firm. It was 2007, and the money rushed in for contracts to design residential complexes and an exhibition hall. These days, with China’s economy slowing and his own business dropping off, […]

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After a Catastrophic Fire, a Long Road Back

The day the Treadmark apartment building went up in flames in the Dorchester neighborhood of Boston, James Keefe, the $45 million property’s developer, waited anxiously on the back porch of his home a few blocks away. A few friends and key employees commiserated with Mr. Keefe, a principal at Trinity Financial, as swarms of firefighters […]

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From Former Mental Hospital to Recreational Hub

COLUMBIA, S.C. — The South Carolina Lunatic Asylum admitted its first patient in 1828. Ever since, its impressive brick wards surrounded by nearly 200 acres of leafy lawns and gardens served as landmarks in Columbia, the state’s capital. Almost 200 years later, and three decades after the last patient was discharged, the old brick buildings […]

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Chinese Money in the U.S. Dries Up as Trade War Drags On

WASHINGTON — Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office. The falloff, which is being felt broadly across the economy, stems from tougher regulatory scrutiny in the United States and a […]

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Cities Need Affordable Housing, but Builders Want Big Profits. Can It Work?

WASHINGTON — The Wharf is a gleaming, $2.5 billion development that has transformed a long-stagnant waterfront into a major destination in the nation’s capital. Along a mile of the Potomac River is an array of high-end hotels, entertainment venues, shops, restaurants and apartments. They include the 6,000-capacity Anthem concert venue, an InterContinental hotel and Vio, […]

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Justice Dept. Watchdog to Review Shift in Plan to Move F.B.I. Headquarters

WASHINGTON — The Justice Department’s top watchdog will review why the F.B.I. scuttled plans to erect a new headquarters in suburban Washington and instead chose to replace the J. Edgar Hoover Building on its current site near the White House, he wrote to lawmakers this week. The F.B.I.’s abrupt change of plans has fueled concerns […]

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Should Macy’s Build a Giant Tower in One of N.Y.’s Most Congested Neighborhoods?

Edward Assile started working for his family’s textile supply company near Macy’s landmark Herald Square store in the 1980s, when the Manhattan neighborhood was part of the garment district. Fabric shops surrounded the store and the sight of workers hurriedly pushing racks of clothing up and down the streets was common. Macy’s still stands, but […]

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A Celebrity Tower Is ‘Getting Some Work Done’

Ever since the Flatiron Building was erected at the foot of Madison Square Park in Manhattan in 1902, it has brimmed with tenants, most of which were small businesses. Songwriters tickled piano keys for sheet-music publishers. Dentists buzzed their drills. At one company, milliners made fezzes for the Masons. Things began to change after 1959, […]

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Austerity Has Ravaged U.K. Communities. It Has Also Spurred Reinvention.

PRESTON, England — In communities across Britain, funding from London was shrinking to nothing — the central equation of national austerity. But here in the fading industrial belt of northwestern England, the city of Preston took the crisis of budget-cutting as impetus for a basic refashioning. In what has come to be known as the […]

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As Downtowns Prosper, Voters Ask Mayors: What About My Neighborhood?

KANSAS CITY, Mo. — The resurgence of downtown Kansas City, Mo., radiates from the luxury apartment towers with floor-to-ceiling windows and a rooftop pool. It is visible in the art galleries and clothing boutiques flanking the new 2-mile streetcar line, and in the open-air bar and restaurant promenade that is packed with people when the […]

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Hudson River Park Needs Help

Hudson River Park, a leafy, breezy stretch along Manhattan’s lower shore, has offered a blissful respite from crowded streets for the better part of two decades. Tranquil thoughts can’t keep it lovingly manicured, though. For that, the Hudson River Park Trust, the public corporation that built and runs the park, hopes that transforming an unappealing […]

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New York City’s Evolving Skyline

New York has long been a city in the clouds, but with 16 buildings around 500 feet or taller slated for completion this year, 2019 could be the city’s busiest year ever for new skyscrapers. For many years the city’s skyline was primarily defined by the Empire State and Chrysler Buildings, both over 1,000 feet […]

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