- Manhattan Borough President: Seize Russian oligarchs’ NY assets now “Levine pointed out in his tweet that such sanctions are already on the table across the pond, where, according to The Atlantic, London Mayor Sadiq Khan has demanded oligarchs’ real estate there — estimated to be worth £1.1 billion — be expropriated.” (The Real Deal)
- Paramount Group Receives Unsolicited Buyout Offer “Paramount Group Inc. has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of Paramount’s outstanding common stock for $12.00 per share in cash, the REIT announced Friday.” (Commercial Property Executive)
- Ukraine invasion sends shock waves to Miami, NY real estate “In addition to sanctions, there will be some logistical challenges for Russians looking to invest in America. Attorney Galina Urman, who focuses on immigration and EB-5 matters, said she is hearing from U.S. clients who want to bring their family members in Russia and Ukraine to America.” (The Real Deal)
- The world's largest sovereign wealth fund says it'll dump its Russian assets over the Ukraine invasion “The Norges Bank Investment Management is the world's largest sovereign wealth fund, according to the data provider Global SWF. At the end of 2021, it held a portfolio of more than 9,000 stocks worth $1.3 trillion, including 47 Russian companies and government bonds, Reuters reported, citing the Norwegian government.” (Insider)
- Project REAP Appoints Manikka Bowman, Commercial Real Estate Professional and Advocacy and Public Sector Leader, to Head the Nation’s Leading Diversity, Equity & Inclusion Initiative in CRE “She joins REAP following a yearlong search for the ideal candidate to helm the nonprofit organization created in 1997 and launched in 1998. The needle has not moved far enough. Bowman notes, ‘The percent of persons of color occupying leadership roles in commercial real estate remains minimal. They are the end-users; but are not part of the teams that shape the built environment.’ (Real Estate Weekly)
- Starbucks Workers Vote to Form Union at Arizona Café “The Starbucks Workers United union is set to represent baristas at three Starbucks stores, following a successful organization campaign at two chain locations in the Buffalo, N.Y., area late last year. That vote formed the first union at Starbucks’s U.S. corporate stores.” (The Wall Street Journal)
- Adam Neumann Could Return To WeWork’s Board, Which Is Without A Chairman “Adam Neumann, WeWork's co-founder, who was forced out of his role as CEO in 2019, will imminently have the right to return as an observer on the company board — which is currently lacking a chairman.” (Bisnow)
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