Although international investment in commercial real estate has risen the past 12 quarters in a row, this is a continuing trend for foreign investors. According to Genesis Capital, investors are vying for a bite of New York City and other large U.S. metro areas, with Manhattan clearly the main course. The world is taking a
Chevron Corp is the latest company to expand its Texas presence. The company is slated to build a new 50-story, 1.7 million sq. ft. downtown office tower. Chevron’s expansion will include the hiring of a projected 1752 additional workers, expanding its presence from 9,000 to nearly 11,000 employees. In a recent interview, Gov. Rick Perry
Back in January, we posted an article on the record high pollution levels in China. Over the past 6 months, China has taken big strides in fighting pollution and climate change. With several of the world’s fastest growing cities and largest economic engines, China is taking a multifaceted approach to pollution control including ground up
Cities around the world have been coming up with innovative ways to repurpose their existing space to bring together the community. The Bloomberg Trail Project in Chicago is a prime example of increased investment in parks and community building. Through the Bloomberg Trail project, Chicago is transforming nearly 3miles of run down, abandoned train line into
As companies look at how to maximize the value that they get out of each sq. ft. of real estate, conference rooms are an area that’s on the chopping block. Traditionally expected components of office space, conference rooms are no longer an absolute necessity. Of course companies that hold daily or even weekly meetings will
In honor of Earth Day, it seems only fitting that we would focus today’s blog post on how an increase in environmental consciousness is pushing the Commercial Real Estate industry forward. The Bullitt Center, a six-story, 50,000 sq. ft. building located in Seattle, WA, is staking its claim as the greenest building in the world.
As the economic landscape for publishers continues to evolve, many companies have been left with fewer employees and more empty space. Publishers across the US have gotten creative with how they re-purpose the unused space with the goal of bringing in additional revenue. We want to shine a spotlight on one company in particular, The Boston Globe.
The real estate market is looking up in Seattle. Over the past year, there’s been a surge in office rental rates, due largely in part to an increased presence of Amazon. According to an article last month in the New York Times, Amazon was responsible for the city’s biggest deal last year. The deal consisted
Check out this stunning new Adobe headquarters, built in the Silicon Slope, an up-and-coming tech hub. Besides the striking appearance, what really stands out about this space is the integration between exterior and interior environment. Every detail from space layout to the small touches of lighting and artwork we’re designed to foster a culture of
According to GFK Geomarketing, Russia currently is the largest market in Europe with the third largest retail turnover in EMEA (Europe, the Middle East and Africa) after France and Germany. Growth has been experienced in every segment from discount to luxury. Russia is currently the fastest growing market for luxury goods. Quality retail developments are steadily