Tag: Real Estate (Commercial)

WeWork Warns Tenants That 2,300 Phone Booths May Be a Hazard

WeWork, the shared-office company already coping with a failed public offering and a corporate shake-up, disclosed a new problem on Monday: possible formaldehyde contamination of hundreds of phone booths at some of the buildings it leases. In a note to tenants at an unspecified number of its sites in the United States and Canada, the […]

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The Green Revolution Spreading Across Our Rooftops

When David Michaels moved to Chicago this year, he chose the Emme apartment building in part because of the third-floor green roof, which has a lawn, an area for grilling, fire pits and a 3,000-square-foot vegetable garden. “The green space was a huge factor in choosing this apartment,” Mr. Michaels said. “My wife and I […]

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New York City Wants to Put a Climate Change ‘Laboratory’ on Governors Island

[Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter.] Governors Island, a 172-acre patch of land near southern Manhattan that is vaguely shaped like an ice cream cone, has been many things over time: An outpost of the Dutch West India Company, a Civil War prison for Confederate soldiers, […]

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As WeWork Slows Down, Biggest Competitor Says It’s Thriving

In a few dizzying days last month, WeWork replaced its chief executive, withdrew its initial public offering and said it was slowing its breakneck expansion. But the business that WeWork is in — providing office space on flexible terms to professionals and businesses — can produce solid returns. Over the past 20 years, Mark Dixon, […]

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WeWork Formally Withdraws Its I.P.O. After Investors Balked

WeWork shelved its plans for an initial public offering on Monday, days after its chief executive resigned under pressure. It was the latest sign of trouble at the fast-growing company, which rents out shared office space, and was until recently considered one of the world’s most valuable start-ups. But investors balked at buying shares in […]

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Trump Organization Receives Approval to Expand Golf Resort in Scotland

WASHINGTON — Despite opposition from many local residents, the Trump Organization on Thursday received approval in Scotland for what will be the largest new company-financed real estate development project since President Trump was elected: a major expansion of its golf resort near the northeast port city of Aberdeen. The plans call for the construction of […]

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Open Offices Are a Capitalist Dead End

What was We thinking? That’s the only question worth asking now about the clowncar start-up known as The We Company, the money-burning, co-working behemoth whose best-known brand is WeWork. What’s a WeWork? What WeWork works on is work. The We Company takes out long-term leases on in-demand office buildings in more than 100 cities across […]

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As an Ohio City Struggles, Some See Salvation in a Prairie

DAYTON, Ohio — The 140-acre Paul E. Knoop Jr. Prairie in Dayton has become something of an inkblot test. Some see a field that could be repurposed for commercial use to bring a much needed economic boost to a struggling Rust Belt city. Others view it as an irreplaceable ecosystem that is part of Dayton’s […]

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How One Address Led to a $100 Million Tax Credit Scheme

PEARL RIVER, N.Y. — In the summer of 2015, Jaguar Land Rover North America told state officials in New Jersey that it was considering moving to an office development in New York called Blue Hill Plaza. To keep the automotive giant’s headquarters in New Jersey, the state offered $26 million in tax credits. So Jaguar […]

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Train Delayed? Relax With a Bolivian Pastry and Bubble Tea

Crowded, loud and gritty are qualities frequently associated with New York’s subway system. A place to relax with an ethnic dish and a cocktail, and perhaps browse a boutique shop? Not so much. But if a retail overhaul by the Metropolitan Transportation Authority succeeds, those kinds of leisure activities will become more common. In an […]

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Jacob Wohl Is Charged With a Felony in California

Jacob Wohl, a conservative operative with a large internet following who has helped orchestrate efforts to smear opponents of President Trump, was charged this week with a felony in California related to the sale of a security, according to court documents. Mr. Wohl, 21, a former blogger who has contributed to The Gateway Pundit, a […]

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The Trump Associates Benefiting From a Tax Break for Poor Communities

President Trump has called it “the hottest thing going,” a multibillion-dollar tax break designed to channel investments into poor neighborhoods, leading to new housing, businesses and jobs. The tax benefit allows people to delay paying taxes on profits from stocks or other investments for years. To qualify, they have to direct their untaxed gains into […]

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WeWork Is Going Public. Are Its Numbers Too Private?

There’s a lot that the world’s hottest real estate company isn’t telling us as it prepares for its stock market debut. When WeWork released the paperwork this month for its initial public offering, investors finally had a chance to see how the company might be performing. WeWork is spending billions of dollars upfront to build […]

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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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