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Firms dangle big bucks to lure employees out of big cities
Stripe CEO Patrick Collison (JD Lasica via Wikipedia; Unsplash) In an increasingly work-from-home world, those with the means have also been moving out of big cities in favor of roomier, perhaps more suburban confines. Now, electronic payment company Stripe is...
Chinese proptech firm Ming Yuan Cloud goes public
Hong Kong Stock Exchange (Getty) Ming Yuan Cloud Group is about to go public. The Shenzen-based proptech firm plans to launch an initial public offering later this month, making it the first software-based Chinese proptech firm to debut on the Stock Exchange of...
Stay at the “Fresh Prince of Bel-Air” mansion for $30/night
WIll Smith as the Fresh Prince and the Los Angeles mansion (Getty, Airbnb) If you’ve ever wanted to know what it’s like to sit on a throne as the Prince of Bel Air, you’re in luck: The “Fresh Prince of Bel Air” house is officially...
WeWork Backs Out Of Fulton Market Leases
Courtesy of Barnett Capital and Domus Group 1155 West Fulton St. WeWork CEO Sandeep Mathrani promised to cut costs at the oversized coworking giant when he took over in February, and that promise just led to a bite out of the Chicago market. The New...
This Week's Chicago Deal Sheet
Chicago-based TLC Management bought Ravenswood Terrace Apartments, a 150-unit rental property at 1801 West Argyle St. on Chicago’s north side, for $46M. Monarch Realty Partners co-founder Bill Baumann represented TLC. “Even during the pandemic, we...
Dealing With Climate Change Will Take Gray And Green Infrastructure
When most people envision the impending disaster of climate change, it typically involves wildfires, melting glaciers and rising seas. Chicago and other cities on the Great Lakes are threatened by none of these, but that doesn’t mean they’re...
City reports decline in construction-related injuries, deaths
A construction worker at One Vanderbilt in August (Getty) The city reported a nearly 19 percent decrease in construction-related injuries in the last fiscal year, a drop the Department of Buildings partially attributes to a new construction safety law. There were...
Real estate execs to city, state: Let us help with recovery efforts
Bill de Blasio and Andrew Cuomo, with (from left) Steven Roth, Jeff Blau, Rob Speyer, Douglas Durst Ziel Feldman and Steven Schwarzman (Getty) Mayor Bill de Blasio and Gov. Andrew Cuomo’s mailboxes may be getting full. The Partnership for New York City sent...
State’s highest court dismisses property tax reform appeal
Judge Janet DiFiore and Tax Equity Now’s policy director Martha Stark Credit: NY Courts and NYU Wagner) The state’s highest court this week dismissed an appeal that sought to reform New York’s property tax system on the grounds it favors luxury...
HelloFresh inks Industry City deal for content studio
HelloFresh’s NYC HQ (Courtesy of Industry City, HelloFresh by Eric Laignel) HelloFresh is trading Chelsea for Industry City. The meal kit delivery company has signed a 10-year lease at the Sunset Park mixed-use complex, and will move its content studio and...