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Search resuls for: "Christian Ulbrich"


15 mentions found


☆ ESG will be a major driver of the property market long-term, says JLL CEO Christian Ulbrich
  + stars: | 2024-03-26 | 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 EmailESG will be a major driver of the property market long-term, says JLL CEO Christian UlbrichChristian Ulbrich, JLL CEO, joins 'Closing Bell: Overtime' to offer his commercial real estate playbook and the outlook for the sector.
Persons: Ulbrich Christian
☆ JLL CEO: Commercial real estate market has pretty much bottomed out for high-quality products
  + stars: | 2024-02-27 | 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 EmailJLL CEO: Commercial real estate market has pretty much bottomed out for high-quality productsChristian Ulbrich, JLL CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, demand stabilization Ulbrich has seen in the office sector, and much more.
☆ People are using cash transfers like basic income to pay rent, and it shows just how badly a housing-crisis solution is needed
  + stars: | 2024-01-21 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +7 min
And a growing number of people who are eligible for government housing assistance aren't getting it. But unlike other government benefits like Medicaid and food stamps, housing aid doesn't automatically go to those who need it. And across 31 pilot basic income programs , recipients spent an average of about 9.2% of their payments on housing and utilities. AdvertisementThe amount that the federal government spends on its housing assistance programs, mainly Housing Choice Vouchers and public housing, is determined by Congress each year. "Housing support across America is very fractured and variable," said Sean Kline, director of Stanford's Basic Income Lab.
Persons: —, doesn't, Matt Desmond, Chris Herbert, Ulbrich, Matt Turner, hasn't, Sean Kline, Matthew Fowle, Fowle, Kline, Herbert Organizations: Service, Homelessness, Business, Urban Institute, Assistance, Columbia University's, Poverty, Princeton, Harvard Joint Center for Housing Studies, Economic, Congress, Harvard, The New York Times, Department of Housing, Urban Development, Philadelphia Housing Development Corporation, University of Pennsylvania, UPenn's Housing Locations: Washington ,, San Francisco, Davos, America, Philadelphia
☆ Mexico's one big advantage over the US right now could stall the 'Made in America' push
  + stars: | 2024-01-20 | by ( Jacob Zinkula | Matt Turner | ) www.businessinsider.com   time to read: +7 min
Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers. Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US. Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply. Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply. Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.
Persons: —, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic Organizations: Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas Locations: America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado
☆ Property market: There are 'tremendous risks' out there, says JLL Global CEO
  + stars: | 2023-10-25 | 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 EmailProperty market: There are 'tremendous risks' out there, says JLL Global CEOChristian Ulbrich, JLL Global CEO, discusses the outlook for the real estate market.
Persons: Christian Ulbrich Organizations: Global, JLL Global
☆ 'The worst is behind us' for office vacancies, says JLL CEO Christian Ulbrich
  + stars: | 2023-06-07 | 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 Email'The worst is behind us' for office vacancies, says JLL CEO Christian UlbrichJLL CEO Christian Ulbrich joins 'Last Call' to discuss the state of remote work and its impact on the commercial real estate market.
Persons: Christian Ulbrich
☆ Debt markets are gradually coming back, says JLL CEO Christian Ulbrich
  + stars: | 2023-05-04 | 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 EmailDebt markets are gradually coming back, says JLL CEO Christian UlbrichJLL CEO Christian Ulbrich joins 'Squawk on the Street' to discuss the commercial real estate sector slowdown, real estate market dynamics since Covid, and transitioning office buildings for different uses.
☆ A San Francisco office building was worth $300 million before the pandemic. Now, it could sell for only $60 million — a perfect example of why downtowns are in trouble
  + stars: | 2023-04-28 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
A 22-story office tower in San Francisco that was worth $300 million in 2019 is for sale. The office tower, which sits at 350 California Street, was previously worth around $300 million during its last sale, office brokers told The Journal. The building's expected decline in value reflects the current crisis facing the real-estate industry across the US, and remote work's heavy impact on San Francisco's office buildings, in particular. Over a quarter of San Francisco's office space is empty as well, according to CBRE. Last summer, for example, Salesforce had half of its Salesforce Tower office space listed for lease as a sublet.
☆ American offices are half-empty. That could be the next big risk for banks
  + stars: | 2023-04-10 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +9 min
“I’m more concerned than I’ve been in a long time,” said Matt Anderson, managing director at Trepp, which provides data on commercial real estate. About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp. Questions about the health of banks with sizable exposures to commercial real estate loans cause customers to pull deposits. That forces lenders to demand repayment — exacerbating the sector’s downturn and further damaging the banks’ financial position. The likeliest outcome is thought to be an uptick in defaults and reduced access to funding for the commercial real estate industry.
☆ Many companies are upgrading their office space and moving to better buildings: JLL CEO Ulbrich
  + stars: | 2023-03-31 | 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 EmailMany companies are upgrading their office space and moving to better buildings: JLL CEO UlbrichChristian Ulbrich, CEO at JLL, joins CNBC's 'Squawk on the Street' to discuss the growing stress in the commercial property market and what's ahead for this sector.
☆ We spoke with more than 50 CEOs, billionaires, execs, and government officials in Davos. Here are our 4 biggest takeaways.
  + stars: | 2023-01-25 | by ( Matt Turner | Cadie Thompson | ) www.businessinsider.com   time to read: +10 min
Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.
☆ Real estate industry relies on predictability, says JLL CEO
  + stars: | 2023-01-18 | 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 EmailReal estate industry relies on predictability, says JLL CEOChristian Ulbrich, CEO at JLL, discusses how current macro economic pressures and uncertainty are impacting the real estate market.
☆ Davos 2023: Convert offices to homes to curb housing crisis-panel
  + stars: | 2023-01-18 | by ( Industry Insight | Reuters Professional | Climate-Smart Farming To Electric Rickshaws | ) www.reuters.com   time to read: +3 min
But this could present an opportunity to address shortages of homes, property bosses said. "Office buildings need to be converted to residential," said Howard Lutnick, chairman and CEO of New York-based investment firm Cantor Fitzgerald, during a panel discussion. Offices are emptier than official data suggests as most buildings are still generating income for landlords. However, as these rental contracts expire, cities like New York will have a significant number of obsolete buildings, said Christian Ulbrich, CEO of global property consultancy JLL Inc. (JLL.N). Millions of workers were forced to work from home during lockdowns aimed at stalling the spread of COVID-19 in 2020.
☆ Many office buildings are 'obsolete' and need to be converted or die, CEOs of some of real estate's biggest players told world leaders
  + stars: | 2023-01-18 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +4 min
It's time to face a harsher reality, real estate executives told financial and world leaders at the World Economic Forum's annual meeting in Davos, Switzerland, on Wednesday. The results of flexible work programs have hit the values of older office buildings in cities across the world as office tenants downsize. Sajwani, Palladitcheff, Ulbrich and Cantor Fitzgerald CEO Howard Lutnick all agreed that many office buildings will need to be repurposed or torn down. It's those less attractive places that face multiple challenges of crime and homelessness where the value of office buildings will deteriorate "quite quickly." Office buildings "will become eyesores and they will need to be fixed," Lutnick said.
☆ Davos: No recession after all? Business leaders more hopeful as China reopens
  + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +4 min
Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.
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