The Hunger Games: Bay Area Developers Fight Back Against Food Deserts
Grocery stores are popping up all over the Bay Area to help feed the growing population. Grocers are anchoring retail and multifamily developments, providing both a place to shop and an amenity for local residents.
Whole Foods, Sprouts, Trader Joe's, Nob Hill Foods and other Bay Area-based grocery stores have expanded into new locations within the last few years, filling in gaps where the population has blossomed. The Bay Area's population also consists of high-income earners…
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Emeryville Office Tower Sold For $33M
EverWest Real Estate Partners and Black Salmon purchased an office tower in Emeryville. City Center Realty Partners and partner Angelo Gordon sold the property for $33M, according to the San Francisco Business Times. The Offices at Public Market is EverWest's first…
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WeWork Is Dipping Its Toes In The Media Industry
As WeWork continues the push to permeate nearly every industry, some of its offices will be transformed into remote television studios.
WeWork and Cheddar, a live and on-demand video news network, have formed a partnership that will aid Cheddar in cost-effectively scaling…
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Trump's Tax Bill Met With Mixed Reviews Among CRE Industry
The U.S. House of Representatives released the bill, called The Tax Cuts and Jobs Act proposal, last week, revealing that two major industry tax breaks — the like-kind 1031 exchange and the carried interest tax break — have been preserved.
The like-kind exchange…
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Real Estate Corruption And Tax Avoidance Investigations Launch With Big Names In The Spotlight
Corruption and tax avoidance were in the global media spotlight this weekend, with major real estate individuals and companies arrested or named in a major data leak similar to the Panama Papers.
In Saudi Arabia, billionaire Prince Alwaleed bin Talal was reportedly arrested as part of a corruption probe by the country's ruling King Salman.
The world's 50th-richest man, Alwaleed is a major player in the hotel world. Kingdom Holdings, the listed company he controls, owns a majority interest in The Plaza in New York, the Savoy Hotel in London and the George V in Paris. It also owns a 5.7% stake in hotel giant Accor.
Separately, several high-profile real estate figures in the U.S. and U.K. were named in a huge data leak similar to 2016's Panama Papers. The leak, dubbed the Paradise Papers, is related to the use of offshore tax havens to avoid tax.
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How The Chinese Government Thinks About Global Real Estate, From A Man Who Actually Knows
Last month, the real estate sector in the U.S. and Europe had a close eye on Beijing and the Chinese Communist Party congress. Besides analysing the attitude of President Xi Jinping, the market looked for signs the party would relax regulatory scrutiny of overseas real estate deals.
Anyone expecting news from the congress that regulation would be scaled back did not understand how the system worked, according to Collin Lau, a man with a better insight than most into the workings of the Chinese state and its strategy toward global real estate.
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