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March 6, 2019

Amazon’s 17 Tech Hubs Stand To Feast On New York’s HQ2 Leftovers

Amazon’s 17 North American technology hubs are suddenly in a race for 25,000 jobs, just without the previous HQ2 spectacle. 

Amazon’s 17 Tech Hubs Stand To Feast On New York’s HQ2 Leftovers

A week after Amazon canceled plans for the Long Island City component to HQ2, Amazon Head of Worldwide Economic Development Holly Sullivan told Bisnow the company would be strategic in how it can locate all those employees in its 17 existing North American tech hubs. That strategy will likely come down to a…

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David Beckham Faces Rival For Stadium Land

David Beckham Faces Rival For Stadium Land

David Beckham and partners want to build a soccer stadium in Miami and a training academy in Fort Lauderdale. But nothing about their six-year-long-and-counting quest has been easy, and the Fort Lauderdale piece is no exception. A rival bidder wants to build a mixed-use facility on the land Beckham's group…

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EB-5 Fund USIF Sued For Racketeering By Representative Of Chinese Investors
EB-5 Fund USIF Sued For Racketeering By Representative Of Chinese Investors  

A Chicago-based Chinese-American researcher named Xuejun Makhsous, also known as Zoe Ma, has opened a new battlefront in her war with the U.S. Immigration Fund, a company that bundles foreign money to be loaned to developers for U.S.-based projects.Last year, USIF sued Makhsous for defamation in New York State Supreme…

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Bridge Investment Group Acquires Sawgrass Technology Park
Bridge Investment Group Acquires Sawgrass Technology Park  

A Utah investment firm made a big move in South Florida last week. Bridge Investment Group — a private, Salt Lake City-based firm that has been operating since 1991 — through a subsidiary, acquired Sawgrass Technology Park, a 514K SF, 11-building office complex in Sunrise. The 56-acre park, with Mediterranean architecture, is…

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Deskpass Lets Users Slide Into (Almost) Any Coworking Space

Deskpass Lets Users Slide Into (Almost) Any Coworking Space  

Once upon a time, coworking was a novel concept; now, you can't run away from it even if you try. As more and more coworking spaces pop up and struggle to differentiate themselves in a crowded marketplace, a company called Deskpass is capitalizing on the…

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Forget What You Heard: The Wall Of Capital Targeting Real Estate May Not Actually Be That Big

Stick “real estate wall of capital” into Google and you find plenty of studies and articles saying there is a ton of money looking to invest in the real estate sector, which will help to support asset prices. 

The amount of “dry powder” — equity raised but not spent — held by private equity funds and institutional investors’ desire to increase allocations to real estate are normally cited. 

But one research firm isn’t buying it. In a new note, “About That Wall…” Green Street Advisors says the amount of equity targeting the sector is not as big as is often made out. If it was, growth in transaction volumes and asset values would have been stronger over the past three years, it said. 

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