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☆ Prologis Signals Caution in Industrial-Property Development
▼ + stars: | 2022-10-19 | by ( Liz Young | Sabela Ojea | ) www.wsj.com time to read: +4 min

Warehouse supply remains tight compared with demand, but Prologis will make decisions on new sites on a “deal by deal” basis, he added. Prologis trimmed its plans for new development starts for this year to a range of $4.2 billion to $4.6 billion, from a projected range of $4.2 billion to $5 billion the prior quarter. Companies signed new leases for about 920 million square feet of warehouse space in 2021 compared with 619 million square feet in 2019, according to Cushman & Wakefield. Mr. Moghadam said Amazon hasn’t pulled out of any of its Prologis buildings or projects and the e-commerce company is taking on new space. He said e-commerce companies overall have been leasing new space to compete with Amazon’s sprawling network.

☆ America’s Red-Hot Warehouse Market Shows Signs of Cooling
▼ + stars: | 2022-10-14 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Warehouse space remains tight, with some companies still storing goods on trailers outside distribution centers, but the broader figures suggest the pressure on one supply chain choke point is easing. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. The firm said companies across the sector signed new leases for 163.1 million square feet of warehouse space in the third quarter compared with 207.4 million square feet the quarter before. “Maybe the froth comes off the top, but you still have a very stable and strong leasing market for industrial. Real-estate experts say part of the decline could be because companies aren’t finding enough empty warehouse space after nearly two years of frenetic construction and leasing.

☆ Small Businesses Getting Squeezed Out in Push for Warehouse Space
▼ + stars: | 2022-10-05 | by ( Liz Young | Paul Berger | ) www.wsj.com time to read: +4 min

A warehouse crush across the U.S. is squeezing out smaller companies as big retailers fill industrial storage sites with their growing stockpiles of inventory. Karen Galena, president of First Logistics, which has four warehouses in the Chicago area that provide space for retailers and manufacturers, said bigger customers are willing to pay higher prices for increasingly scarce storage space. “It’s tough for the small guy,” Ms. Galena said, noting labor and other costs are rising for warehouse operators. The challenges small businesses face finding warehouse space mirrors difficulties many had securing room on container ships earlier in the Covid-19 pandemic, when ocean carriers drove up rates and bumped smaller shippers to make way for larger clients. He said some companies are even generating revenue from unconventional storage space.

☆ Retail Real Estate Is Enjoying Its Biggest Revival in Years
▼ + stars: | 2022-10-04 | by ( Kate King | Photographs Timothy Mulcare For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as more Americans venture out to buy things again. U.S. retail vacancy fell to 6.1% in the second quarter, the lowest level in at least 15 years, while asking rents for U.S. shopping centers in the quarter were 16% higher than five years ago, according to real-estate services firm Cushman & Wakefield .

☆ Tender to sell Evergrande's Hong Kong headquarters to close on Oct 31
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song/File PhotoHONG KONG, Sept 26 (Reuters) - A tender sale of China Evergrande Group's (3333.HK) headquarters in Hong Kong will close on Oct. 31, real estate services firm Savills said, appointed by receivers to dispose of the asset. Lenders of struggling Evergrande appointed receiver Alvarez and Marsal earlier this month to seize the China Evergrande Center in Hong Kong, a Companies Registry filing showed, as the world's most indebted developer struggles to emerge from its debt crisis. read moreSavills said in a statement on Sunday the sale of the 27-storey office tower in the Wan Chai district will include existing tenancies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Clare Jim; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.
▼ + stars: | 2022-09-20 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

In January last year, the retailer said it was pursuing a partnership with venture-capital firm Ribbit Capital, which backed Robinhood. The next month, Walmart lured Omer Ismail and David Stark, two executives from Goldman Sachs' Marcus, over to work on a fintech initiative. Insider's Ann Gehan, Carter Johnson, and Ben Tobin have identified the key people shaping this effort at its fintech called ONE. Done deals :Acrisure, a fintech company that operates an insurance broker and real-estate services company, has acquired B2Z Insurance. Aditxt, a biotech company developing tech around monitoring the immune system, raised $20 million after selling 3.33 million shares on Nasdaq.

☆ Zillow just laid off another 300 people as its downsizing continues. Here are 42 other real estate and mortgage firms that have slashed staff during a brutal time for the industry.
▼ + stars: | 2022-07-20 | by ( Alex Nicoll | Robert Davis | ) www.businessinsider.com time to read: +2 min

Many layoffs have been at firms focused on mortgages and residential real estate services. Every segment of the real-estate industry, including proptech innovators that concoct new ways to buy and sell real estate and traditional mortgage brokers, is vulnerable to rising interest rates. The downsizing began in the mortgage industry with Better's Zoom layoffs at the end of last year. Some of the latest and notable casualties came from real estate marketplace giant Zillow, consumer lender Finance of America, and international vacation rental company Vacasa. Do you know of other real estate tech or mortgage-related layoffs?

☆ Planet: Companies are accelerating their investment in combating the climate crisis
▼ + stars: | 2022-03-03 | by ( Bria Overs | Megan Dematteo | ) www.businessinsider.com time to read: +5 min

Many are now investing in green bonds and other financial instruments to drive change. Green bonds are one way companies are using new financial offerings to drive change. Also called sustainability bonds, they work like regular bonds in many ways and allow companies to raise money for capital projects. Each project it selects aims to support "low-carbon design and engineering, renewable energy, energy efficiency, carbon mitigation, and sequestration," the company said. "People are going to have to start demonstrating what they're doing inside these green bonds," Grainger said.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

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