Pay Parity Is The Means Of Closing The Gender Gap In Commercial Real Estate
Many companies believe that in order to close the gender gap one must achieve pay equity — which is when employees are compensated fairly and consistently across the board.
But CREW's latest study, Achieving Pay Parity In Commercial Real Estate, suggests employers must take it a step further by pursuing pay parity, which is when a firm can prove there is no pay gap throughout its workforce, no matter employees' race, gender and age.
“I think that most people hear pay equity and they think ‘equal pay.' But the end goal is parity,” CREW CEO Wendy Mann said. “It's not ‘I'm a woman and I'm doing this job so I get whatever he's making.'…
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Seattle Mall Redevelopment To Include NHL Training Facility
The NHL Seattle organization plans to build a three-rink, 180K SF practice facility and headquarters on the east side of Northgate Mall. The $70M project will not only serve as the training facility for Seattle's potential expansion hockey team, but…
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80% Of Available Everett Waterfront Apartments Already Reserved
SeaLevel Properties recently hosted an open house showcasing the company's newest multifamily development, Everett Waterfront Apartments. The event was attended by about 100 people and resulted in 80% of the available units being reserved. The development is set to be complete…
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1518 Fifth Ave. Building Sells For $19M
The 53,355 SF building at 1518 Fifth Ave. recently sold for $19M. It sits in Seattle's retail central business district. Its current tenants are a Banana Republic and a vacant hotel.
The building was sold by 1518 Fifth Avenue LLC.…
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Sears Files For Chapter 11 Bankruptcy: What You Need To Know
The ongoing saga of the rise and fall of century-old department store chain Sears is nearing its end. The Hoffman Estates, Illinois-based retailer officially filed for bankruptcy Monday after years of financial struggles and a mountain of debt it has been unable to pay down, including a $134M debt repayment that was due by Monday. Sears online and in-store business will continue to operate as normal during bankruptcy proceedings.
Here's what Bisnow knows about Sears bankruptcy proceedings so far:
Mired In Debt
News broke Friday that Sears was planning to file bankruptcy and close 142 underperforming stores in a big push to reorganize the company and pay off debt, Reuters…
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A Downturn Is Coming, But Its Overall CRE Impact Is Anyone's Guess
Speculation about the next downturn in the U.S. economy has become the official sport of the commercial real estate community while markets continue to grow. Experts still say a correction is on the horizon, but opinions differ as to how much impact it will have.
“It doesn't seem like there's something on the horizon to forecast a sharp downturn,” PricewaterhouseCoopers Director of Real Estate Research Andrew Warren said during a panel last week at the Urban Land Institute's Fall Meeting in Boston. “Nobody necessarily thinks we have to end the economic expansion.”
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