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☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ We're going to see more office buildings converted to residential or demolished: JLL's Bob Knakal
▼ + stars: | 2024-01-25 | 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 EmailWe're going to see more office buildings converted to residential or demolished: JLL's Bob KnakalHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bob Knakal, Brian Sullivan, “ Organizations: CNBC

☆ Inside the chaotic Thanksgiving-weekend collapse of homebuilder startup Veev that left employees shocked and worried about their jobs
▼ + stars: | 2023-11-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.

Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .

☆ 'We like to develop in Texas': Why the Lone Star State keeps building offices that remain vacant
▼ + stars: | 2023-10-10 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

Texas developers continue to build offices, even though office-vacancy rates are high. That's because Texas developers build too much. Even with those numbers, Eckert told the Journal that new office completions in Texas eclipsed every other market. Part of that cleansing is converting office buildings into something new , giving them a chance at a new lease on life. Overall, Eckert isn't worried about the office vacancies in Texas, as that is just one data point that doesn't tell the whole story.

Persons: —, Manny Garcia, Thomas LaSalvia, Jeff Eckert, JLL's, Houston —, Brandon Bell, Houston's, Eckert, JLL, Eckert isn't, it's Organizations: Service, Lone Star State, Wall Street, Moody's, Texas —, Houston Locations: Texas, California . Texas, Texas — Austin, Dallas, Austin , Texas, Springs, Dallas , Texas

☆ Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
▼ + stars: | 2023-10-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy. "It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC. Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted. According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year. The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.

Persons: Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison Organizations: Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC Locations: Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome

☆ AI sensors and WiFi networks that provide workplace insights are antidotes for some companies combating 'zombie offices'
▼ + stars: | 2023-09-28 | by ( Sabina Wex | ) www.businessinsider.com time to read: +11 min

"Zombie offices" have proliferated in the US as employees opt for fully remote or hybrid work. But he had no idea that "hybrid work" would become ubiquitous nearly 10 years later and make InnerSpace a helpful tool for understanding new trends in shared workspaces. Zombie offices have popped up around the country because there aren't offices filled with people five days a week anymore. Zombie offices and the shift to hybrid work have pushed companies to figure out the next best move to maximize office space using real-time data, not guesswork. VergeSense's optical sensors are attached to the ceiling in a work space.

Persons: —, James Wu, Wu couldn't, Jessica Blaine Smith, Wu, Sharad Rastogi, isn't, Rastogi, it's, JLL, Zombie, that's, they've, VergeSense, They're, Jack Weber, Gresham Smith, Weber, Gresham Smith Weber, Ragosti, InnerSpace's Organizations: Service, Metropolitan Museum of Art, The Met, Work Dynamics Technology, San, Aldi, Rapid Transit, Boston Consulting Group, Companies Locations: JLL

☆ I wouldn't count San Francisco out just yet, says JLL's Sarah Mancuso on Bay Area real estate
▼ + stars: | 2023-06-30 | 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 EmailI wouldn't count San Francisco out just yet, says JLL's Sarah Mancuso on Bay Area real estateSarah Mancuso, JLL Regional Leasing Lead, joins 'Tech Check' to talk the San Francisco real estate market and why things may not be as dire as they seem for the Bay Area.

Persons: San Francisco, JLL's Sarah Mancuso, Sarah Mancuso Organizations: Bay Locations: San, San Francisco, Bay

☆ Exclusive: Mexican firm seeks $380 million from Honduras over blocked unit
▼ + stars: | 2023-04-14 | by ( Valentine Hilaire | ) www.reuters.com time to read: +4 min

MEXICO CITY, April 14 (Reuters) - Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The invitations were properly handled, countered Daniel Garcia Barragan of the law firm Garcia Barragan Abogados representing JLL last week. This is the second claim against Honduras submitted to World Bank's ICSID this year, its website shows. Some analysts say this casts doubt on the Central American nation's ability to attract foreign investment. Executives had planned to expand operations to Guatemala, but pulled the plug due to its legal troubles in Honduras.

☆ Some new offices are mini towns with their own restaurants, doctor offices, and hotels. Workers actually want to go.
▼ + stars: | 2023-04-13 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The idea is getting replicated from the Bell Labs location, or Bell Works New Jersey, Keating said. The spaces run by Bell Works' own coworking brand, CoLab, are nearly 100% occupied. At Bell Works New Jersey, Zucker partnered with Toll Brothers to build a 185-home 55-and-over community. At BRIC, tenants can take advantage of a dozen art galleries, some of which show the work of building tenants. A lobby area near offices at Bell Works Chicagoland.

☆ A real estate investor who owns 9 retail properties explains why he's putting his money in strip malls as skyrocketing rents spell more opportunities for investors
▼ + stars: | 2022-12-08 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Sloan pointed to the rising trend of stores leaving big malls for strip malls as another catalyst. But while the residential market has stolen the spotlight, there's still one stone left unturned: the commercial real estate sector. The pandemic-induced spike in rents has hurt property types across the board, and commercial properties are no exception. But real estate investor Justin Sloan believes that major opportunities for big returns still lie ahead in the commercial real estate space — specifically, in strip malls. "I'm expecting there to be opportunities in strip malls, and that's why I'm definitely planning on putting money there."

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