The company has “no issue” when employees need to work from home from time to time, though it wants senior bankers to be coming in to motivate their junior counterparts, according to a memo to staff. The memo follows...
Members received an email announcing the closure of its six remaining locations, according to a message reviewed by Bloomberg News. In the note, the company cited both pandemic-related closures and “increasing global...
Weakening demand is shrinking an imbalance with housing supply and likely means that price growth will slow sharply over coming quarters, economists led by Jan Hatzius said in a research note on Tuesday.
China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion funds with heavy...
Nordstrom’s report reinforces how decades-high inflation is impacting shoppers—and in turn retailers—differently. Companies that cater to the highest and lowest ends of the income spectrum are holding up better than...
The new space is a reduction from the roughly 800,000 square feet that KPMG currently leases across three towers in Midtown. The firm plans to leave those buildings.
Availability was close to 31 million sq. ft. in August 2022, according to real estate data fir CoStar. The last time there was close to this much empty space, office values plunged, causing billions in commercial real...
