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    Former president Donald Trump's son-in-law, Jared Kushner, appears to have "missed the party" on Brooklyn real estate, with his "bet" on luxury spec homes purchased in 2014 ending recently in "disappointment." The Real Deal, which covers New York City real estate, reported Wednesday that Kushner Companies paid $36.5 million for six former dorm buildings known as the Brooklyn Law School portfolio in 2014 — which represented a discount and "seemed like a savvy deal." Kushner Companies planned to sell off the portfolio for more than $60 million, but thus far has brought in only $33 million — minus $100,000 it paid to settle a 2017 lawsuit alleging rent overcharges. The company planned to convert three of the buildings into luxury single-family homes and keep the others as multifamily rentals, the site reports. "Although Kushner sold the three townhomes for $27 million altogether, or $7.25 million more than it paid, that does not account for renovation costs that surely ran into the millions, not to mention transfer taxes and other closing costs, plus property taxes and interest as the homes...
    By: KDKA-TV News Staff PITTSBURGH (KDKA) – O’Hara Township-based Howard Hanna is partnering with the F.C. Tucker Company, Indiana’s largest real estate firm. READ MORE: AAA: Despite Highest Gas Prices In 7 Years, More Than 43 Million Americans To Hit The Road This Weekend Howard Hanna says the partnership advances its position in the Indiana market and is another step forward in its plan to become one of the fastest-growing real estate companies in the country. The F.C. Tucker Company has over $5 billion in annual sales and more than 45 offices in Indiana and Kentucky. READ MORE: Protecting Your Pets During Extreme Heat, Hot Weather “We are beyond excited to welcome the F.C. Tucker Company to the Howard Hanna family of businesses,” said Howard ‘Hoddy’ Hanna, the CEO and chairman of Howard Hanna Real Estate, in a news release. “Through the years we have admired this company and their leadership – and as wonderful as our legacy companies are, I believe that by working together the future is even brighter.” MORE NEWS: COVID-19 In Pennsylvania: State Health...
    Getty Images Like it or not, more employees are going back to work. With roughly 130 million Americans now having received at least one vaccine shot as of Sunday — about half of U.S. adults — the forced Covid-19 work-from-home experiment is coming nearer to an end. What results on the other side of it, though — a return to a traditional office-first model, hybrid employment, or permanent WFH — will depend on an employer's specific cost-benefit analysis of factors including company culture, and talent and productivity to be gained or lost. Already, major employers across sectors of the economy are choosing distinctly different paths forward. Among West Coast technology giants, Microsoft has been clear on a liberal WFH policy since October 2020. Google, meanwhile, is limiting employees to a maximum of 14 days WFH annually without manager approval. On Wall Street, Goldman Sachs' CEO called WFH an "aberration," and JPMorgan Chase CEO Jamie Dimon expects "many" employees to be returning, and no more than 10% to be permanently WFH.   VIDEO19:1119:11Microsoft on Future of Work Trends – Kathleen Hogan and Jared Spataro at CNBC @Work SummitAt...
    Beijing, March 31 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, ended the session today with losses of 0.7%, weighed down mainly by the poor performance of the real estate sector. The selective lost 199.15 points to 28,378.35, while the index that measures the behavior of mainland Chinese companies listed on the market, the Hang Seng China Enterprises, fell 0.44%. Not one of the sub-indices escaped the red: Commerce and Industry fell by 0.23%, Services by 0.54% in Services, Finance by 0.82% and an outstanding 2.68% Real Estate. In this last sector, the disaster was unanimous: Country Garden was the one that decreased the least, 0.2%, while Henderson Land did it 2.92%; China Overseas, 3.12%; SHK Properties, 3.44%, China Resources Land, 3.95%; and Wharf Reic, 4.18%. The other great engine of the Hong Kong economy, banking, had mixed results, with the gains of 1.37% of Bank of China or the fall of the Hong Kong branch of this, of 4.57%. State oil companies fell (CNOOC, 1.22%, while Sinopec fell 1.43% and Petrochina 2.43%) and...
    Shanghai (China), March 9 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with gains of 0.81% driven by the good moment of real estate titles. The selective added 232.4 points to 28,773.23, while the index that measures the activity of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, fell 0.38%. All the sub-indices closed with gains: Commerce and Industry (0.5%), Services (0.86%), Finance (1.08%) and Real Estate (1.13%). In the latter sector, only the fall of China Resources Land (-2.45%) prevented a green plenary session in which the most benefited were Wharf REIC (+2.7%) and China Overseas (+2.12% ). Among the financials, bad news for some state banks such as ICBC (-0.18%) and the operator of the trading floor, HKEX (-2.25%), while the majority of values ​​rose, with the insurer AIA (+4.3 %) and HSBC bank (+2.09%) as protagonists. Among the big digitals, Tencent (+0.23%) and Alibaba (+1.54%) rose while Meituan (-2.2%) took the opposite direction. It was not a promising session for Chinese state...
    Shanghai (China), Feb 25 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with gains of 1.2% that allowed it to once again overcome the psychological barrier of 30,000 points thanks to real estate companies, encouraged by the rise in the prices of used housing after 3 consecutive months of falls. The selective added 355.93 points to 30,074.17, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, rose 1.8%. All the sub-indices closed in green: Services (+0.28%), Commerce and Industry (+0.86%), Finance (+1.09%) and Real Estate (+4.36%). In this last sector, the one that, in the end, was the biggest beneficiary of the session in the entire Hang Seng, the promoter China Resources Land (+11.23%), highlighted by HSBC analysts as one of the firms that they could get better results from March. China Overseas (+7.72%) or Country Garden (+7.38%) also shone in the green plenary session. In the financial corral, the operator of the trading floor, HKEX (-1.77%), continued...
    The Spanish real estate companies Neinor and Quabit agree to their merger
    Almost perfect Djokovic ready for Roland Garros bow 20 Stunning Daytime Dresses That Will Dominate Your Fall Wardrobe Companies will have to seduce staff to go back to the office, real estate CEO says Employees may go back to the office for around two days per week, with workplaces becoming more like a "clubhouse," according to Coen van Oostrom, CEO of real estate company Edge. Design elements such as new staircases may be incorporated into offices to make them more attractive, he added. Those who switch to working from home permanently may miss out in future, with roles outsourced or taken on by artificial intelligence, van Oostrom suggested. Companies will have to seduce staff to go back to the office, says real estate CEO CNBC See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next How you can save $1 million for retirement USA TODAY How much the most populous states pay mail carriers GOBankingRates Creepy ways your company can spy on you while you work from home Veuer ...
    VIDEO3:2903:29Companies will have to 'seduce' staff to go back to the office: Real estate CEOOur New Future It's a dilemma many companies are facing: How and when to have staff return to the office, when the coronavirus pandemic and lockdowns have meant vast numbers of employees are still working from home. The CEO of one commercial real estate business says working environments will need to be upgraded to encourage people back — and not just with safety tech such as air quality sensors. "You have to basically seduce your people to come into the office and work there instead of from home," said Coen van Oostrom, CEO of real estate developer Edge, who appeared on CNBC's "Squawk Box Europe" on Monday. "We believe that it will be the end of the large batteries of people working on a big floor, side to side, even with screens in between, there's no real need for that any more, you can do your work everywhere … We believe that the office will be the place that you get together, where the culture is...
    NEW YORK (CBSNewYork) — It’s the great real estate debate right now — are people fleeing the city in big numbers like we thought? CBS2’s Alice Gainer talked with two big moving companies to find out. Workers at the U-Haul on 23rd Street say the weekends have been packed with people moving out of the city. RELATED STORY — New Yorkers Have Message For Those Leaving, Saying City Is Dead: We’ll Fix It And Then We’ll Welcome You Back One couple Wednesday say they however are moving within the city. Right now, it’s hard to get exact numbers in terms of who’s moved permanently and temporarily. “I definitely see a ton of people moving out of the city. It’s just unbelievable,” said Raz Itzhaki, the CEO of Shleppers Moving and Storage. Itzhaki is also seeing people moving within the city and taking advantage of deals. Either way, they can’t keep up with the demand. He says under normal circumstances they move about 45 people per day. “Right now it’s 60, and it’s 60 because we can’t do more than 60,”...
    New York (CNN Business)Bustling skyscrapers and office parks packed with workers could be a relic of the pre-pandemic world.The health crisis has forced millions of Americans to abandon their offices in favor of working from home, for better or worse. Now there are signs this may not be a short-term phenomenon, but more of a permanent shift in favor of remote work even after a Covid-19 vaccine is in place.More than two-thirds (68%) of large company CEOs plan to downsize their office space, according to a survey released Tuesday by KPMG. How to make money in the pandemic: Invest in KitKats and Big MacsThe pandemic is proving employees don't need to work in cubicles to be successful. And that in turn raises questions about the value of expensive office space, especially in high-priced cities like New York and San Francisco. "We've proven we can be very effective and productive in virtual work environments," KPMG CEO Paul Knopp told CNN Business.Read MoreThe survey, which captured responses mostly from companies with more than $1 billion in annual revenue, suggests that even...
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