Real Estate Money In Politics:
Growing Distrust, 'An Explosion Of Demand' For Accountability
Development, politics and money have been cozy for decades, but Amazon's decision to pull HQ2 out of New York was a stunning reversal after unprecedented public backlash. If ever there was a time for such a response to become a nationwide trend, it might now be at hand.
The city governments of Los Angeles, Chicago and Philadelphia are reeling amid ongoing FBI investigations. Their counterparts in New York and Atlanta are grappling with public sentiment rising against the standard practice of exchanging tax breaks for development.
For years, money…
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Oakland A's Meet Opposition Over Plans For New Waterfront Ballpark
Plans for a new Oakland A's ballpark at Howard Terminal at the Port of Oakland have run into opposition that could throw up roadblocks for the project.
Last week, a coalition that includes Save The Bay sent a letter to…
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Retail Sales Take Biggest Monthly Drop In A Decade. Should We Be Scared?
Americans cut down on their shopping in December, with U.S. retail sales dropping 1.2% compared with November, according to the Census Bureau, which adjusts for seasonal variation but not prices. That is the fastest monthly drop the U.S. has seen since 2009.
Even online sales, which have gained consistently for more than a decade now, dropped 3.9% month over month.
But year over year, the numbers still look good. Retails sales were up 2.3% from December 2017 to December 2018.
The report seemed to raise more questions than answers. Is the retail sector even weaker than believed? Does the report…
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Google Plans To Spend $13B In 2019 Expanding Real Estate Footprint Across U.S.
As one tech giant pulls out of a major expansion plan, another is plowing full steam ahead.
Google CEO Sundar Pichai announced plans to spend $13B to increase and improve the company's real estate holdings across the country in a blog…
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What You Need To Know About Amazon's Stunning Rejection Of New York City
First, there was shock. Then there was disappointment, then anger. Quickly, it all turned to blame.
“I'm pissed off,” Modern Spaces CEO Eric Benaim said shortly after the news broke that the tech giant was no longer bringing its highly anticipated HQ2 to the Long Island City waterfront. "Twenty-five thousand people just lost a weekly paycheck ... New York City just sent a message that the political climate is too crazy and businesses aren't welcome. That's the message we just sent.”
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Amazon's New York Exit Not Expected To Change Plans For Northern Virginia Campus
Amazon shocked the business world Thursday when it backtracked on its plan for a 25,000-employee campus in New York City, but the plans for the other half of its HQ2 project appear to be unchanged.
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Hope Springs Eternal For Georgia With Amazon Scrapping NYC Plans
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