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December 3, 2020

As White House Stay Wanes, Trumps, Kushners Return To Now-Polarizing Businesses

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President Donald Trump's time left in the White House is down to a matter of weeks, and many are looking to what kind of plans the competitive, divisive leader may have for his business. 

As White House Stay Wanes, Trumps, Kushners Return To Now-Polarizing Businesses

The Trump Organization, the family business the president turned into an international brand famous for building luxury skyscrapers and flirting with financial ruin, still owns hotels and golf courses across the country and licenses its brand around the world. Trump has maintained ownership of the business while in office and…

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Uniqlo To Permanently Close Herald Square Store

Uniqlo To Permanently Close Herald Square Store

Another retail chain is ditching its Manhattan storefront.The Uniqlo at 31 West 34th St., across from the Empire State Building, will close permanently on Feb. 21, prompting the elimination of 136 jobs, according to state labor regulatory filings posted this week. The company lists the reason behind the location’s…

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Key COVID Relief Program Sent Millions In Aid To Trump Organization, Kushner Cos.

Key COVID Relief Program Sent Millions In Aid To Trump Organization, Kushner Cos.

Even as it prepares to make way for President-elect Joe Biden, the Trump administration continues to draw ire for conflicts of interest.Documents released by the Small Business Administration under court order revealed that over $3.6M from the

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After Record Online Shopping Spree, 'All Heck Breaks Loose' For Apartment Owners

Shipmaggeddon has arrived, and apartment managers are scrambling to find an answer to the barrage of packages coming with it.

Bicycles, fresh meats and cheeses, kayaks, flowers and every odd-shaped box or perishable delivery in between have caused headaches for developers and property managers, who disagree on solutions but agree that there just isn’t enough space to accommodate the deluge of brown boxes and bags.

Property managers weigh difficult decisions as they tear up mailrooms, expand into amenity space, purchase high-tech storage lockers and send tenants to loading docks in efforts to keep up with the nation’s shopping volume after unprecedented levels of shipping throughout the year.

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Big Office Occupiers Push Back On The New Clichés Of Real Estate

Offices are going through one of the most profound changes in how they are used in generations, and the real estate industry is telling itself everything is going to be all right. 

That’s not surprising: After all, offices are the biggest subsector of real estate, and people that own offices only have to look at their retail assets to see how changes in the way people use a physical asset can destroy its value. 

A new prevailing wisdom has taken hold. Fewer people will come into the office, but they’ll want more space, so demand will be about the same. People might not come into city centres, but they will still want to work outside the home, so suburban offices will boom. Good technology and flexibility in offices will stimulate demand. 

While there is some truth in this, what do the ultimate consumers of real estate, the companies that lease space and their staff, think of the new world? The answers, provided by those making real estate decisions at some of the world’s biggest companies, speaking at Bisnow London’s Digital Office Summit last week, might not make comfortable reading for those who are long on offices, especially if those offices aren’t the best of the best. 

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