Brands are encouraging shoppers to patch up their old clothes instead of throwing them out as they face growing environmental scrutiny.
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants.
The X sign, erected Friday atop the building in downtown San Francisco, was removed after complaints from residents and a city citation.
Investors say optimism in the markets could evaporate if profits get squeezed further.
The July rally lifted everything from smaller regional banks to the biggest technology companies.
A proposed set of regulations aimed at reducing greenhouse gas emissions from large buildings in Colorado is drawing ire from commercial real estate professionals who argue the rules could dramatically increase capital expenditures for building owners at a time when the industry is facing multiple headwinds.
The proposed regulations, known as Regulation 28, would apply to buildings 50K SF or larger, and require building owners to reduce their greenhouse gas emissions by 7% by 2026 and 20% by 2030 compared to 2021 levels. The rules were established under House Bill 21-1286, which required Colorado’s Air Quality Control Commission, an agency tasked…
A slowdown in leasing, sales and loans across the country’s real estate investment landscape is hitting brokerage firms hard, with Newmark reporting significant revenue and earnings depletion in the second quarter.
The brokerage’s total revenues in the second quarter came to $585.8M, Newmark executives said during its earnings call Friday. That marks a 22.4% drop from the same period last year, but a 12.5% increase from this year’s first quarter.
The company reported earnings before interest, taxes, depreciation and amortization of $72.9M, down from $159.5M in Q2 2022, a decrease of more than 50%.
Newmark Chief Financial Officer Mike Rispoli pointed to a 63% drop in U.S. investment sales and a 52%…
From meatpackers to home health aides, workers are struggling in sweltering temperatures and productivity is taking a hit.
A strong second box-office weekend comes as Hollywood strikes cast a shadow over future releases.
French investor Corum Asset Management has bought a pair of Dublin office properties for about €110M, taking its holdings in Ireland to €575M.
Corum has bought George’s Quay Townhouse in D2 for €80M, a price that represents a yield of about 6.25%. The 105K SF property was bought from Henderson Park and was part of a €400M portfolio of former Green REIT Dublin properties Henderson was trying to sell. Tenants in the building include Fidelity and CIB.
The second purchase was the F1 Building in Cherrywood, D18, which Corum bought for about €30M from Spear Street Capital. The 67K SF building is let to…