DIRS.INFO The most relevant business & tech news

☆ Commercial real estate trends to watch in 2024
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial real estate trends to watch in 2024Gil Borok, Colliers U.S. CEO, joins 'The Exchange' to discuss the health of commercial real estate investments in 2024, office real estate since the Covid-19 pandemic, and more.

Persons: Gil Borok Organizations: Colliers U.S

☆ What went wrong with WeWork – and what's going to happen to your WeWork office
▼ + stars: | 2023-11-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

WeWork filed for Chapter 11 bankruptcy protection on Monday. AdvertisementAdvertisementWeWork, the company synonymous with coworking that was once valued at $47 billion, filed for Chapter 11 bankruptcy on Monday night. The main thing to note about WeWork's bankruptcy filing is it's Chapter 11, rather than Chapter 7 which would involve liquidation. AdvertisementAdvertisement"They need to raise capital, and they need to rightsize their real estate portfolio — negotiating more favorable lease terms, rejecting lease terms," said Sarah Foss, global head of legal at Debtwire. It will depend on how profitable each lease is, and what renegotiating terms WeWork is offered by landlords.

Persons: WeWork, —, Adam Neumann, Tim Hynes, David Tolley, Sarah Foss, Foss, Hynes, X0GgcZMUHO, Chris Person, it's, There's, there's Organizations: Service, Colliers Locations: Manhattan

☆ Landlords are doing whatever it takes to fill their office buildings. See 10 ways to score an amazing deal on an office right now.
▼ + stars: | 2023-10-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

If you're not shopping for a new office right now, you might be missing out. With vacancies rising, many office landlords are doing whatever it takes to get leases signed, including dropping rents. Risa Letowsky, the co-chair of Adler & Stachenfeld LLP leasing practice group, told Insider that flexibility is the difference between successful and struggling landlords right now. See below for a list of the 10 top perks that office landlords are offering. Flexible lease lengthsThe traditional office lease is eight to ten years.

Persons: Risa Letowsky, aren't, Letowsky, Mike Watts, Andrew Lustgarten, Michael T, Cohen, Franklin Wallach, Carlos Avila Gonzalez, they're, Lustgarten, Watts, Matt Petit, Michael Lirtzman, Lirtzman Organizations: Adler, Stachenfeld, it's, Colliers, San Francisco, Getty, Silverstein Locations: Los Angeles, New York City, San Francisco , California, LA, Chicago

☆ Golf simulators, doggy daycare, flexible leases, and free rent: Why now may be the best time to shop for a new office
▼ + stars: | 2023-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Now may be the time to shop for an office lease. As office vacancies soar to record highs in some markets, office landlords often have no choice but to find new and creative ways to attract new clients. "When you have 55-year-old managing partners of a law firm looking for office space, and they see the golf simulator, they get pretty excited," he said. Long-term leases, which usually feature landlord-financed renovations to the office space, are now being offered with lease-termination options. Office landlords without access to this capital level are often left with only one lever: renting below market price.

Persons: Michael Cohen, Michael Lirtzman, Anthony Tahlier, Andrew Lustgarten, Lirtzman, Sterling, Lustgarten, it's, Matt Petit, Goldman Sachs, Risa Letowsky, Letowsky, Watts, Tishman Speyer, aren't, That's, Cohen, they've, he's, hasn't Organizations: Colliers, Kastle Systems, West Chicago, Sterling Bay's, Century, El, New, Palm, Chase, Wall, JPMorgan, Deutsche Bank, Adler, Stachenfeld, Silverstein, Lawyer Locations: Chicago, Bian, Sterling, Los Angeles, New York, Miami, Liberty, Chase Manhattan, Alamo, CBRE, Los Angeles and New York, LA, United States

[1/5] China's and Hong Kong's flags are seen on the pedestrian footbridge as decorations for the celebration of National Day, at the financial central district in Hong Kong, China October 3, 2023. "The last few years have created a very negative image of Hong Kong," said Inaki Amate, chairman of the European chamber in Hong Kong, one of the speakers at the M+ event. Executives point to the changing fabric of Hong Kong with mainlanders making up more than nine-out-of-ten of all those approved to work under government talent schemes. "If we believe that Hong Kong will be able to recover its most international Asia city status by continuing on this trend, we are very wrong," said Amate. “You’ve got what happened with the national security law, the pandemic and now you’ve got a pretty big problem with China’s economy.

Persons: Tyrone Siu, Inaki Amate, Paul Chan, haven’t, ”, Tara Joseph, “ You’ve, you’ve, Hong, Robert Walters, Patrick Ip, David Baverez, Baverez, Dorothy Kam, Scott Murdoch, Simon Cameron, Moore Organizations: REUTERS, Tyrone, European Union, Hong, Monetary, American Chamber of Commerce, Colliers, Companies, National Bank Australia, ASEAN Investment Cooperation, COVID ., COVID . Asia Pacific, Thomson Locations: Hong Kong, China, HONG KONG, Hong, British, Asia, Singapore, Dubai, COVID, COVID . Asia, Europe, “

☆ I toured an office building that's being turned into apartments. It showed me just how much remote work is reshaping how we live and socialize.
▼ + stars: | 2023-09-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

I toured 160 Water Street, a major office-to-residential conversion in New York City. That's the whole point at 160 Water Street. In a past life, 160 Water Street was an office building in New York City's financial district. Standing next to 180 Water Street — an office building that was converted into units back in 2017 — 160 Water Street is preparing to welcome tenants by the end of the year. I got the opportunity to tour the building and saw just how much the rise of remote work is shaping how we use our spaces.

Persons: —, that's, That's, Dan Garodnick, It's Organizations: Service, Colliers, New York City's Department of City Planning, Vanbarton Group Locations: New York City, New York

☆ NYC rolls out plan to convert empty office buildings into 20,000 homes as remote working persists
▼ + stars: | 2023-08-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

NYC Mayor Eric Adams outlined a proposal to convert office buildings into affordable homes. Adams said the goal is to create as many as 20,000 homes to help solve the city's housing crisis. "It makes no sense to allow office buildings to sit empty while New Yorkers struggle to find housing. Empty office buildings are an issue across US cities including San Francisco and Chicago. A recent study by the National Bureau of Economic Research found that over 2,000 US office buildings could be transformed into as many as 400,000 apartment units.

Persons: Eric Adams, Adams, Dan Garodnick, Maria Torres, Meta Organizations: Service, New York's Department of City, Housing Opportunity, New York City Department of Buildings, of Standard, Appeals, Springer, Colliers, New York Times, National Bureau of Economic Research Locations: Wall, Silicon, York City, Manhattan, New York, San Francisco, Hudson Yards, Chicago

☆ Check out the pitch deck that Measurabl, a real estate startup that boasts Major League Baseball as a client, used to raise $93 million during a proptech fundraising drought
▼ + stars: | 2023-08-07 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Regulators and investors are putting pressure on the real estate industry to go green. The most obvious end-users are commercial real estate owners, but Ellis says the revenue potential is far bigger than that. The company's fundraising comes as more policymakers seek to require landlords and real estate investors to reduce their carbon emissions. Capital hasn't been far behind, with leading proptech venture fund Fifth Wall raising a $500 million fund to decarbonize real estate. See the deck, minus confidential financial information, that Measurabl used to raise its monster $93 million round below.

Persons: Matt Ellis, Ellis, Bob Sulentic, CBRE's, CBRE, Measurabl, hasn't Organizations: Major League Baseball, Energy Impact Partners, Sway Ventures, Suffolk Construction, Colliers, Lincoln Property Company, New Locations: San Diego, Real, Suffolk, Measurabl

☆ Madrid joins race for high-spending tourists with bet on five-star hotels
▼ + stars: | 2023-06-27 | by ( Corina Pons | ) www.reuters.com time to read: +5 min

[1/5] A swimming pool is seen at the top of Hyatt's Thompson Madrid Hotel, overlooking central Madrid, Spain, June 13, 2023. RISING ROOM RATESThe arrival of luxury hotels has marked a new peak in room rates. "We're seeking to capture the highest-spending international tourists," said Madrid's tourism director, Luis Martin. Employment in Madrid's tourism sector has grown by 15% since 2019, compared with 5.4% nationally. "The Spanish tourism sector has always tried to compete with other destinations on low prices," he said.

Persons: Hyatt's, Violeta Santos Moura, Santo Mauro, Richard Brekelmans, ”, Carlos Erburu, Thompson, Antonio Catalan, Alejandro Pitashny, Luis Martin, Jose Maria Martinez, Corina Pons, Belen Carreño, Charlie Devereux, Hugh Lawson Organizations: Madrid Hotel, REUTERS, Violeta Santos Moura MADRID, Hotels, Puerta del Sol, Dior, Marriott, Santo, Santo Mauro Palace, Westin, Ritz, Universal Music, Southern, Madrid, Colliers, Hyatt Hotels Corp, Reuters, Robuchon, Michelin, Airlines, Air, Thomson Locations: Madrid, Spain, Europe, Paris, London, Milan, Puerta del, Southern Europe, Barcelona, United States, Rome, Argentine, Iberia, America, Air China, China, Spanish

☆ Investors must wait for Fed for price discovery in commercial real estate, says Colliers U.S. CEO
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors must wait for Fed for price discovery in commercial real estate, says Colliers U.S. CEOGil Borok, Colliers U.S. CEO, joins 'Squawk on the Street' to discuss Borok's viewpoint on the ability to finance for commercial properties, if there's any impact on commercial real estate from the bank failures and much more.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.
▼ + stars: | 2023-04-16 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

Big money investors pumped billions into buying up apartment buildings in the pandemic era. But fault lines have emerged for investors who paid top dollar for assets that depended on substantial rent increases and persistent low interest rates to achieve profitability. In those years, investors purchased $355.5 billion and $299.2 billion worth of apartment buildings, according to MSCI — unprecedented sums that far surpassed the previous $194 billion record of multifamily sales in 2019. "It's early, but it's going to become a bigger story, especially if interest rates stay high and lending standards are tight," said Alan Todd, the head of commercial-mortgage-backed-securities strategy at BofA Global Research. As these short-term debts come due, they will be difficult to swap with commensurately sized loans today, because of the falling values, higher interest rates, and lender caution.

☆ The fallout from empty offices is coming. Here's where investors could see the pain
▼ + stars: | 2023-04-14 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +12 min

As concerns about regional banks roiled markets, investors weighed another threat: commercial real estate. Also, layered on top of the property value pressure, are the tightening credit conditions brought on by the recent turmoil in the banking sector. There is no doubt this scenario is a toxic mix for the capital-intensive real estate industry. At the moment, many experts say the real estate market isn't causing trouble for banks, but fears about the financial system are likely worsening conditions in real estate because liquidity is being reduced. The biggest concern is seeing how many other companies join Brookfield , Blackstone and Pimco in handing back the keys on office properties, Clancy said.

☆ Landlords who bought thousands of apartments are facing a reckoning
▼ + stars: | 2023-04-11 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

Investors showed outsize interest in apartment buildings during the pandemic. Rents and occupancy rates were rising, interest rates remained relatively low, and rental-property prices were climbing with no sign of letting up during a surge in housing demand. Laguna Point did not respond to a request for comment. Marc McDevitt, a senior managing director at Cred iQ, said it was possible Laguna Point had lost some, or even all, of its investment in the deal. While offices have been going through a paradigmatic shift as more workers do their jobs remotely, apartment buildings have experienced robust demand from tenants.

☆ Office Doom Loop: Landlords Face a Reckoning As Companies Move to Fancy Offices
▼ + stars: | 2023-03-30 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +14 min

The Gas Company Tower in downtown Los Angeles has a sterling pedigree, but even that can't save it from the doom loop facing many older office towers. A huge swath of America's office market is vulnerable to these twin threats of being under-equipped with amenities and underwater financially. This behavioral shift has deeply cut into demand for office space. The amount of sublease space nationally more than doubled from 118.5 million square feet at the end of 2019 to 242.8 million square feet at the end of 2022, Colliers stated. Lenders are often reluctant, he said, to seize office buildings because of the costs and expertise required to operate the properties.

☆ U.S. economy is incredibly tricky and it'll get worse, says Colliers Securities' Mark Grant
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy is incredibly tricky and it'll get worse, says Colliers Securities' Mark GrantMark Grant, chief global strategist at Colliers Securities, joins 'Squawk Box' to discuss the current state of equity markets, the original mistakes central banks made across the world, and more.

[1/5] Elderly visitors enjoy the sunshine, at a nursing home of Lendlease's Ardor Gardens in Shanghai, China February 27, 2023. Lim says "stigma" around retirement homes in China is quickly disappearing. About 4% of people aged 65 and over in Britain live in retirement homes, according to information service Lottie. Ding Hui, China managing director at Australian real estate firm Lendlease (LLC.AX), expects demand for retirement homes to rise sharply in the next five to 10 years. Government-run nursing homes with basic facilities in Shanghai and Beijing are much cheaper, at about 2,000 yuan ($290) a month.

☆ Hong Kong: National security warning now a part of land sales
▼ + stars: | 2023-02-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by surprise this week. Hong Kong authorities have repeatedly claimed the law has restored order and stability after the city’s 2019 anti-government, pro-democracy protests. Lee said the legal provision is “an obvious thing” for Hong Kong to add to safeguard national security. “Safeguarding national security is the shared responsibility of the entire Hong Kong society,” it said. Developers and investors bidding on land sales are not normally involved in activities that violate the national security law, she said.

ET (1505 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 38.76 points, or 0.19%, at 20,398.86 - a six-week high. Investors will focus on December inflation data due on Tuesday, with economists polled by Reuters forecasting a 6.4% rise on an annual basis. "We're going to have the CPI report, so that'll be crucial, giving us an indication how the fight against inflation is going," said Allan Small, senior investment advisor at Allan Small Financial Group. The energy sector (.SPTTEN), financial (.SPTTFS) and technology stocks (.SPTTTK) gained between 0.2% and 0.4%. Investment management company Colliers International Group (CIGI.TO) gained 3.3% after Scotiabank upgraded the stock to "outperform".

☆ China's reopening set to boost Hong Kong's property market as retail leads the recovery: Colliers
▼ + stars: | 2023-01-12 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: 1 min

In light of China's reopening and easing of Covid rules, Hong Kong's property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The retail market in particular will reap the "best benefit," Hannah Jeong, Colliers' head of valuation and advisory services, told CNBC's "Squawk Box Asia" on Thursday. However, there are still some potential headwinds this year that may undercut Hong Kong's recovery, Colliers said in its latest report. "We are looking at a more cautiously optimistic view for 2023," Jeong added. "There will be different uncertainties from external factors but borders opening is surely the one of the booster[s] for many other sectors within the property market."

☆ China's reopening will boost many sectors in Hong Kong's property market: Real estate services firm
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's reopening will boost many sectors in Hong Kong's property market: Real estate services firmHannah Jeong of Colliers Hong Kong says it's cautiously optimistic on the city's property market.

☆ The technology challenges CEOs view as opportunity and threat in a post-Covid economy
▼ + stars: | 2022-12-19 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

One challenge CEOs see is that emerging and disruptive technology is both an opportunity and a threat. CEOs said their organizations need to be quicker to shift investments to digital opportunities and divest in those areas where their organizations face digital obsolescence. Addressing employee burnoutAnother issue CEOs said their organizations need to address is pandemic-related employee burnout from accelerated digital transformation over the past two years. "I think that there is some truth to the state of fatigue brought on by the need to quickly adopt remote work-related technology," Clark said. Rather than focus on the "right technology," organizations should aim to deploy the right mix of technology, Carande said.

☆ The Fed is too focused on inflation by itself, says Colliers Securities' Mark Grant
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is too focused on inflation by itself, says Colliers Securities' Mark GrantMark Grant, chief market strategist at Colliers Securities, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's upcoming September meeting and what it means for markets.

☆ Pandemia a schimbat semnificativ topul anual al orașelor din lume în care se trăiește cel mai bine
▼ + stars: | 2021-06-10 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: colliers.co.nzPandemia a schimbat semnificativ topul anual al orașelor din lume în care se trăiește cel mai bineOpt orașe din regiunea Asia-Pacific au ajuns în top zece al orașelor din lume în care se trăiește cel mai bine, datorită răspunsului eficient la pandemie, în timp ce orașele europene au scăzut în clasament. Pe primul loc în topul anual al orașelor cu cel mai ridicat nivel de trai realizat de Economist Intelligence Unit (EIU) a urcat Auckland din Noua Zeelandă. Germania a înregistrat cele mai mari scăderi, în special orașul Hamburg, care a căzut 34 de locuri, ajungând pe 47. Analiștii apreciază că Australia și Noua Zeelandă, ajutate și de poziția geografică, au luat măsuri din timp pentru a controla numărul de cazuri și au reușit să țină sub control focarele. Australia a înregistrat mai puțin de o mie de decese asociate Covid, iar Noua Zeelandă doar 26, potrivit Universității Johns Hopkins.

Persons: Wellington, Universității Johns Hopkins Organizations: Economist Intelligence Unit, The Economist Intelligence Unit, Universității Locations: Asia - Pacific, Auckland, Noua Zeelandă, Osaka, Adelaide, Tokyo, Wellington, Viena, Germania, Hamburg, Elveția, Zurich, Geneva, Australia, Europa, Damasc, Siria, Lagos, Nigeria, Port Moresby, Papua Noua Guinee, Dhaka, Bangladesh, Alger, Algeria, Tripoli, Libia, Karachi, Pakistan, Harare, Zimbabwe, Douala, Camerun, Caracas, Venezuela

Search resuls for: "Colliers"

24 mentions found