Don't Stop Me Now: Coworking Industry Still Growing At Incredible Pace
Coworking is no longer the new kid on the block in office real estate, but it continues to grow at a startling pace.
From 2017 to 2018, coworking space grew almost 62% in the top 20 office markets in the U.S., according to a Yardi Matrix report. In Q4 2017, those markets totaled 27M SF of shared office space, and by the end…
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PropTech Firm Waypoint Opens First East Coast Office
San Francisco-based PropTech firm Waypoint is expanding to New York City, establishing a new office in that city to handle its East Coast operations.
The move comes on the heels of strong growth for the company, which offers a financial performance analytics and management platform for commercial real estate. In 2018, Waypoint brought thousands of new buildings onto the platform, growing total recurring revenue…
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CIM Group To Launch $5B Opportunity Fund
Los Angeles-based CIM Group plans to launch a $5B opportunity fund to take advantage of the benefits of the federal opportunity zone program.
Called the CIM Opportunity Zone Fund L.P. in documents filed with the Securities and Exchange Commission earlier this month, the fund will create a way for the company to expand its focus on opportunity zones and take advantage of the tax…
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Amazon Go vs. Dollar Stores: The Bifurcation Of Retail Deepens
The tech-infused, convenience-oriented future of U.S. retail is only half the story — the upper-income half.
As U.S. income and net worth inequality widens, retailers who sell to lower-income Americans, particularly dollar stores, are also going to continue to flourish.
For upscale demographics, there are retail initiatives such as Amazon Go and its cashierless shopping, tech-oriented…
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Atlanta Hosts The Super Bowl This Week, But A Different Football Is Still The Talk Of The Town
ATLANTA — Super Bowl LIII has landed in Atlanta this week, bringing hundreds of thousands of visitors who are expected to spend millions in the area to the new Mercedes-Benz Stadium. Next week, it will all be gone.
Unlike after the last Super Bowl to be hosted in Atlanta 19 years ago, the football stadium won't be dark until August. Come March, tens of thousands of fans will fill the seats once more, cheering on a different type of football team, one that some locals believe is far more crucial to the long-term success of the area around the 71,000-seat stadium.
“I think that soccer games are, hands down, more significant than NFL games or NBA basketball games,” Legacy Ventures President David Marvin said.
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No End In Sight: Construction Costs Causing Headaches For Contractors, Developers
WASHINGTON, D.C. — The skyrocketing cost of construction has become one of the top impediments to new development across the country, and even as Washington, D.C., continues to build at a rapid pace, its contractors and developers are feeling the pain.
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