The IKEA store will be about 20% of the size of the company’s typically sprawling showrooms, as part of an effort to expand into cities with a more compact format. IKEA has 45 mall projects in Europe, Russia and China, and the company is also seeking to open malls in Chicago, Los Angeles and New York. … [Read more...] about SF Mayor London Breed says IKEA mall will make ‘huge difference’ for downtown
London based real estate companies
“We did not have a timeline for going public earlier and don’t have one now,” said Agarwal. “We of course continue to keep a close eye on the market and get potential interest of potential capital raise, both private and non-private.” … [Read more...] about Small the new big for hotels post-pandemic, says Oyo CEO
Additional taxes could push more businesses out, said Breed, who is not supporting two November ballot measures that would raise taxes: Proposition I, which would increase the real estate transfer tax, and Proposition L, which would tax companies with a highly paid top executive who makes 100 times or more than the company’s median salary in San Francisco. … [Read more...] about Twitter seeks subtenants for its SF HQ, as its own employees stay home
A new place to workOne of the most obvious future changes will be our working location. There are already companies that are allowing people to work from home permanently. Fujitsu has announced a 'Work Life Shift' initiative that will encourage flexible hours and working from home as the norm. It follows a move from Facebook in May to allow employees to work from anywhere they please. So did Twitter, Square, and Shopify. I expect we’ll see others follow suit. … [Read more...] about Preparing for the future of work
In normal times, owners of large office buildings would typically not entertain a one- or two-year lease extension for a large tenant, said Franklin Wallach, senior managing director of the New York Research Group at Colliers. “They see that new leasing activity has dropped off while the amount of sublet space coming into the market is on the rise, so the average landlord wants to keep the tenant in the building.” … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
Jonathan's tips for selling your home the LA way Find the right agent with "a track record of selling similar properties", and "trust their advice" Pricing is "everything" - people know when something's too expensive "Staging is very important, candles are very important, flower arrangements are very important" Landscaping is also key. "Those that pay as much detail and put the same money into the landscape really benefit from it on the back end" And make sure you're not at home for viewings. "Agents are employed to keep an arm's length between buyer and seller" However, Mary notes the way negotiations are presented in Selling Sunset is very "direct". "The British, I think, would recoil from the brashness. We are probably a bit more traditional in our approach. … [Read more...] about Selling Sunset: Is that really how homes are sold in LA?