Bisnow Special Report: Industry Titans
On What Brexit Means For US Real Estate
When NYC real estate royalty Richard LeFrak woke up in London on Friday, he knew the world was forever changed. Immediately following the monumental decision, Richard told Bisnow the entire financial services industry was taken by surprise, which of course sent stock markets around the world sliding and many wondering what this move would mean for our global economy. But as a man in charge of a more than century-old powerhouse, he has some concerns about what the move could mean for the US commercial real estate industry.
Richard tells us Britain's decision to leave the EU could have some initial positive impact on the states, pushing capital to US shores as London's finance sector flees to mainland Europe, taking European real estate values along with it.
However, there is cause for concern, as Richard says if this first step backward in European unification turns into a footrace, we could see a European recession, meaning slow growth and continued low interest rates in the US.
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Everything You Need To Know About WeWork
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- Co-founder Adam Neumann owned a baby clothing company in Brooklyn prior to starting WeWork.
- Neumann worked in an office adjacent to co-founder Miguel McKelvey during his baby clothes venture in 2008, and WeWork blossomed soon after.
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What A Time To Come To London!
In business, timing is everything.
Just as Britain walks away from its relationship with the EU, Bisnow is bringing its one-of-a-kind news and events platform to the UK—starting July 4 (we'll bring the fireworks). Get ready for the chance to rub shoulders with real estate's movers and shakers in the Old Smoke.
Hurry up and subscribe to our London newsletter to avoid missing out on Bisnow's (almost) never boring events (launching in Jolly Old this fall) and read about the biggest news in the city. Check out our London page here. Responsible for any of that news? Email Cate Meredith, our UK editor on the ground.
For any sales and events inquiries, contact Natascha Bhuiyan. |
Don't Miss The BOMA Show Dailies!
For the fifth year, Bisnow has been chosen by BOMA International to produce its award-winning official show dailies at the 2016 BOMA International Conference & Expo, which runs from June 26 to 28 in Washington, DC. Our Property Management and DC reporters are there on the ground at National Harbor producing up-to-the-minute coverage (as long as they don't give in to the siren song of The Capital Wheel or Peeps & Co). BOMA is sending out the coverage to its more than 25,000 members and subscribers; subscribe to Property Management Bisnow to make sure you receive the latest show dailies. At the conference? Email Amanda Marsh and Jon Banister to say hello or give them tips on the hottest expo swag.
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