Mindspace will establish a 42,000-square-foot facility at the Wanamaker Building in Philadelphia. It is the firm’s third US location that also includes facilities in San Francisco and Washington, DC. PHILADELPHIA—Co-working office space provider Mindspace has signed a management agreement with an affiliate of Rubenstein Partners, L.P. to open its first location in the City of
Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21. The stimulus package is aimed at future-proofing and diversifying the Arab world’s second-largest
Photo by Shutterstock There is a former shopping mall in Euclid, Ohio, that is now an 857,000-square-foot fulfillment center for Amazon. It is located within 60 miles of 3.4 million consumers, close to major highways and near several bus stops, which are useful for low-income warehouse workers. Newmark Knight Frank tells of this fulfillment center
A real estate agent with prospective buyers looking at the back yard from the kitchen during a showing. Joe Amon | Denver Post | Getty Images The refinance boom took a step back last week, bringing down total mortgage applications. Mortgage application volume decreased 6.4% from the previous week, according to the Mortgage Bankers Association.
WASHINGTON, DC—In recent years, the “shared” economy has moved from the economic fringes to the mainstream. The concept resonates with consumers for various reasons but it is worth exploring why it makes sense from a business perspective. The answer is space arbitrage. Space arbitrage enables a business to capitalize on the potential to offer physical
The freight traffic center in the Gruenheide region east of Berlin. Tesla plans to build its new European Gigafactory in a huge forest nearby. Patrick Pleul | picture alliance via Getty Images Tesla has been ordered by a German court to temporarily halt preparations for its new European factory. Environmental activists had raised concerns with
Online retailers are moving into bricks-and-mortar locations. A new report from CBRE shows a 367% increase in online retailers opening up physical locations in Southern California over the last four years. Online retailers are seeing the benefits of having a storefront, including increased sales, better customer connection and a way to standout in a crowded
Shutterstock. NEW YORK CITY- High construction costs and market saturation all point to a recession within the next year as developers and other industry players travel back and forth to the drawing board to figure out when a slowdown of economic activity will happen and how to best prepare, Julian Anderson, president of Rider Levett