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Lord & Taylor’s flagship store on Fifth Avenue is getting sold to WeWork, the New York-based tech unicorn that markets shared office space. Hudson’s Bay, the owner of Lord & Taylor and Saks Fifth Avenue, is selling the century-old Lord & Taylor flagship for $850 million, the companies announced on Tuesday. WeWork will convert the 11-story building at Fifth Avenue and 38th Street in...
SAN FRANCISCO--(BUSINESS WIRE)--Linesight, a Dublin-based global specialty construction services company specializing in data center development, today released a comprehensive white paper entitled Hyperactive Hyperscale that explores the exceptional growth in the data center space. Hyperscaling refers to the development of data centers that are much larger than traditional facilities and have tho...
As the flagship store shrinks, the deal is an acknowledgment that even grand shopping spaces of old may now be more valuable as offices.
What is the past and future of #CRE and #Tech? How important is data, your data? Is integration just a dream or is it actually happening? Why should you care? Do you understand why the cost of adding incremental functionality will go down with access to data? Everyone has an opinion about AI, Driverless cars, and VR but do they relate it to #CRE and #Techonology in realistic terms? All of this and...
Listen to our recent discussion led by Dreamit Chief Investment Officer Karen Griffith Gryga and featuring with Chris Mayer, Chief Innovation Officer at Suffolk Construction, and Camille Renshaw, CEO of RenshawCo. Guests discuss trends and tactics for investing in real estate tech and construction tech. Chris Mayer, Chief Innovation Officer at Suffolk ConstructionAs Executive Vice President &...
CHICAGO (CBS) — The big incentive package the state and city have offered to Amazon to land its coveted “HQ2” might be raising eyebrows, but not too many concerns among Chicago aldermen. Ald. David Moore (17th) said, if Amazon chooses the Chicago area as the site of its second headquarters, and the campus is built on land not currently generating taxes, then the combined $2.25 billion in fin...
A new Apple Store has just opened in downtown Chicago—and it’s an architectural beauty. Designed by Foster + Partners, Apple Michigan Avenue follows the tech giant’s new (and controversial) “Town Square” store concept in which stores are meant to serve as community hubs rather than simply commercial spaces. Naming aside, the new Apple flagship is a stunner with wraparound glazing and an ...
Food retailers are racing to leverage one of the most important weapons in their battle to keep people coming to grocery stores: data. “Data is the new battleground,” says Stuart Aitken, chief executive of 84.51˚, Kroger Co.’s KR, +1.57% data-analytics unit, whose name derives from the longitude of the division’s Cincinnati headquarters and because its 750 employees do so-called longitudi...
Viceroy Opens New Hotel in Chicago with InvoTech RFID Uniform Management System to Increase Efficiency LOS ANGELES, CA – InvoTech Systems Inc. announced the recent implementation of its Uniform System at the new Viceroy Chicago that opened September 1, 2017, located in the Gold Coast neighborhood. InvoTech Systems is the leading provider of advanced Linen Management, Laundry and Uniform Systems ...
class="article-title speakable"> WeWork snaps up coding bootcamp Flatiron School by Selena Larson @selenalarson October 23, 2017: 1:57 PM ET Inside WeLive's NYC apartments WeWork, a real estate company that bills itself as a co-working space mecca, just made an unlikely acquisition: It bought a school. The business, valued at $20 billion, is most known for leasing buildings an...