Firms Behind The Designs For Uber's 'Flying Taxi' Skyports Discuss Uber's Wants, Reactions, Next Steps
Uber's "flying taxis" might be only five years away, but first the supporting real estate has to be addressed.
Concepts proposed for the Skyports — part "The Jetsons" and part tiny airport — are ambitious and conceptual, based on guidelines Uber offered to potential partners: a mega-Skyport on a small footprint capable of 1,000 takeoffs and landings in an hour, where thousands of passengers could be shuttled between air, transit and car with minimal noise and maximum efficiency.
Uber Elevate has chosen Dallas, Los Angeles and Dubai as the potential test sites, with the goal of a first launch by 2023. Uber would provide each four-seat flying taxi — an electric-powered eight-rotor drone known as an electric Vertical Takeoff and…
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Lakeside Multifamily Breaks Ground In Mercer Crossing
Transcontinental Realty Investors and Abode Properties have broken ground on Lakeside Lofts, a 498-unit multifamily property along a lake in Mercer Crossing.
Beyond the standard pools, clubhouse and fitness center, it will feature a theater, a bocce ball court and…
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Inside The Madison Marquette-PMRG Merger That Will Create A $7B National Powerhouse
Two multibillion-dollar real estate companies are preparing to close a major merger, announced last week, that will create a $7B powerhouse with hundreds of properties around the country. Madison Marquette and PMRG's executives, in interviews with Bisnow, shed light on how the deal came together and what to expect going forward.
The companies began discussions about a year ago. D.C.-based Madison Marquette had just brought on John Fleury as president to chart a rapid expansion and soon began looking at merger opportunities. The company, founded by Amer Hammour in 1992, had acquired some small firms in individual markets, but has never navigated a large-scale nationwide merger.
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Barry Gosin And Robert Futterman On The Future of Newmark RKF
Since Newmark Group announced Tuesday it will buy New York City retail leasing and investment sales brokerage RKF for an undisclosed sum, RKF founder Robert Futterman said he has been flooded with calls from brokers and companies asking one thing: "Can we talk?"
“I am on the hunt [for talent], but I'm also being hunted,” Futterman told Bisnow in an interview. “RKF has eight offices in North America and that's with our only currency being our culture. Now we have Newmark's currency along with our culture … We are planning to position [ourselves] for the future.”
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When It Comes To Location, Medical Offices And Retail Stores Aren't That Different
As head of Kaiser Permanente's real estate division, Ethan Sullivan receives phone calls on a daily basis from developers, landowners and retail strip owners about wanting a Kaiser medical facility to anchor their properties.
But before those anxious owners get too excited, Sullivan immediately lets it be known that bringing in a Kaiser Permanente medical office or any kind of medical facility as a cornerstone of a retail strip or shopping mall is a serious commitment.
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LaSalle Investment Management Acquires Aviva Investors' Real Estate Multi-Manager Biz
LaSalle Investment Management has acquired U.K.-based Aviva Investors' real estate multi-manager, or REMM, business, along with full ownership of the management of the Encore+ fund. Aviva's REMM business has $7B worth of assets under management.
Combined with its existing assets under management, the deal will make LaSalle one of the top five largest global non-listed indirect real estate investment managers. It will have combined assets under management of $10B worldwide.
The REMM business will become…
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