Housing Crisis Could Tarnish
The Golden State's Economic Future
Earthquakes, fires, drought and flooding are a part of living in California, but the Golden State may be facing its biggest crisis through a problem of its own making. Population and job growth are outpacing housing. Rents and housing prices are rising, and the middle class is getting squeezed out.
Many individuals and families who make too much to qualify for subsidized housing also make too little to live in urban centers that have high rents. Without the middle class, industries will endure significant shortages in much-needed jobs in education, healthcare, public…
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Housing Crisis To Worsen If San Jose Gets Amazon HQ2
San Jose and the Bay Area could face rental increases over the next 10 years if the region wins the Amazon HQ2 bid. San Jose joined the great Amazon HQ2 race, pitching the downtown corridor and North San Jose and…
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WeWork Grabs Large Sublease In Mountain View
WeWork just inked one of the largest deals in Mountain View this year. The co-working giant subleased 457K SF from LinkedIn at the under-construction The Village at San Antonio Center, which is expected to offer offices, a hotel, a movie theater and restaurants,…
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This Startup Wants To Make Workforce Housing An Employee Benefit
A San Francisco startup is offering a program to provide employers with a means to offer employee housing as a benefit. WorkforceHousing.com is a recently launched private company that can set up and manage employer-assisted housing programs for companies and nonprofit employers.…
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EXCLUSIVE: New Xceligent Head Frank Anton On Curry's Exit, Where The Company Goes From Here
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This WeWork Deal Could Breathe New Life Into Struggling Department Stores
A major partnership between co-working giant WeWork, private equity firm Rhône Capital and department store owner Hudson's Bay Co. could offer a formula to cure ailing retailers' woes.
Like many retailers, Hudson's Bay has been struggling to stay afloat amid the shifting retail landscape, but this deal could prove beneficial. WeWork and HBC agreed to a landmark deal that included the sale of Lord & Taylor's Manhattan flagship for $850M to a joint venture of WeWork and Rhône Tuesday morning.
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