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September 21, 2022

As It Makes Moves In Multifamily, WeWork Asks, Won't You Be My Neighbor?

The Habitat Co. President Matt Fiascone Discusses Plans For 344 North Canal St. In Chicago's Fulton River District Oct. 6

A pair of deals aimed at luring apartment dwellers out of their homes — if only just a few short flights downstairs — suggests global coworking giant WeWork is tapping a new vein for growth in recognition that remote work is here to stay.

As It Makes Moves In Multifamily, WeWork Asks, Won't You Be My Neighbor?

The New York-based office space provider announced its first-ever partnership with a residential developer last week, teaming up with Chicago-based Cedar Street to offer on-site workspace as an amenity. WeWork will operate a 25K SF, two-story coworking space in the grand hall of the 12-story Bridgeview Bank building…

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N.Y. AG Seeks To Ban Trumps From Real Estate In $250M Fraud Suit

After a three-year investigation, New York Attorney General Letitia James has filed a civil fraud lawsuit against former President Donald Trump and his three eldest children, alleging years of illegal behavior.

James is asking the court to ban the Trumps from working in New York real estate for five years.

N.Y. AG Seeks To Ban Trumps From Real Estate In $250M Fraud Suit

The suit, filed Wednesday morning in New York State Supreme Court, names Trump, Donald Trump Jr., Ivanka Trump and Eric Trump as defendants, along with Allen Weisselberg, Jeffrey McConney,…

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Fed Raises Interest Rates 75 Basis Points, Signals More Hikes To Come

Fed Raises Interest Rates 75 Basis Points, Signals More Hikes To Come

The Federal Reserve has once again raised interest rates by 0.75 percentage points after another month of unexpectedly high inflation.The increase was widely expected by Wall Street, but the Fed has also signaled…

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It's Curtains For Some Theaters Across The U.S., But Developers Are Planning Sequels

It's Curtains For Some Theaters Across The U.S., But Developers Are Planning Sequels  

Theaters have struggled in the two-plus years since the pandemic confined even the most devoted cinephiles to their couches, and although summer blockbusters boosted traffic this year, financial troubles have shuttered theaters across the country, leaving huge, specialized empty spaces in their stead.

Long seen as a potential saving grace for battered retail centers, movie theaters have been well-trafficked destinations that could draw crowds to nearby stores and restaurants, but as major theater chains struggle, these big boxes could instead become redevelopment targets.

"Frequently other companies come in and refurbish and reopen closed locations," National Association of Theater Owners Chief Communications Officer Patrick Corcoran told Bisnow. "That's been happening throughout the pandemic and we expect it to continue." Some reopen as fancier theaters with better amenities and newer…

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