Proptech startup Social Construct shutting down
Proptech startup Social Construct is shutting down operations, The Real Deal has learned. The construction-tech outfit, which aimed to...
Commercial Real Estate
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Flush with cash, CBRE is ready to spend
Expect more blockbuster deals from CBRE on the heels of its $1.3 billion investment in global project manager Turner & Townsend. “We still have a very strong M&A pipeline. I think we’re going to...
GLP raises $2.3B for logistics property fund
GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that...
Twitter, Google latest big companies to delay office returns
Two more major tech companies are dialing back plans for a return to the office, in the latest reaction...
Conversions from offices to life science labs booming
While the office market grapples with the Delta variant, life science labs are enjoying a boom. In fact, many...
Paramount Group posts $16M quarterly loss
Albert Behler, CEO of Paramount Group and patient father to its Midtown offices, still expects his underperforming kids to turn things around. “Every child has a different character. So every building has a different...
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales are broadly rebounding to pre-pandemic levels across the country, though the same success isn’t being seen...
Miami
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Hospitality mogul David Grutman and rapper and entrepreneur Pharrell Williams could use some good vibes for their Goodtime Hotel. The hotel, which opened at...
Covid surge, CDC reversal upends back-to-office plans
As the Delta variant fuels a nationwide surge in Covid cases, employers’ return-to-work plans are being thrown into a...
Work-from-home threat “overstated,” Boston Properties CEO says
One of the nation’s largest office landlords isn’t worried about the rise of remote work. While the continued work-from-home...
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