Henrico County, Virginia is going green as a new proposed “ecodistrict” is in the works. The proposed new GreenCity development plans to have a total of more than 2,000 residential units, 1.85 million square feet of office space, a 17,000-seat sports and concert arena and two full-service hotels. The project also would have a 40-acre...Read More
We’ve only seen the beginning of the headquarters relocation in Austin, Texas. The Austin Chamber of Commerce says hundreds of business are planning to move to Austin and it’s surrounding areas in industries such as software and information technology, manufacturing and distribution, automotive, clean technology and finance and insurance. Click below to learn more about...Read More
According to the U.S. Census Bureau, newly built homes have surprisingly dropped to the lowest price we’ve seen since April of the pandemic. Analysts were expecting new home sales to increase by 3.4% in the month of June, and are looking into why factors could be responsible for this new low. https://www.cnbc.com/2021/07/26/housing-boom-is-over-as-new-home-sales-fall-to-pandemic-low.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard...Read More
New York’s Vornado Realty Trust is optimistic about a commercial real estate rebound. “I don’t believe one or two days of working from home will be a negative” to office demand, Vornado CEO Steven Roth said Tuesday, discussing the real estate investment trust’s second-quarter results. “I do not believe office will be threatened by the...Read More
The commercial real-estate market is changing. The pandemic has upended the landscape as retail and office spaces became vacant nearly overnight. New investors are being scared away from new investments and investors are looking toward the future of what the industry holds. But there is hope in every situation. Read 17 key takeaways for the...Read More
The CEO said Tesla chose Austin as the spot for the carmaker’s next US plant because “Austin is a bit like mini California.” According to Musk, he asked Tesla’s team in California what its top choice would be for a new factory — where it would like to spend time — and the “No. 1...Read More
In 2011, Zoho Corp, a software product company headquartered in Chennai, opened an office in Tenkasi, Tamil Nadu, hoping to train and employ local youth. Last year, Sridhar Vembu, founder and CEO of Zoho, moved from his ranch in Pleasanton, California, to a village in Tenkasi. Vembu spent the lockdown practising what he preaches—grassroots capitalism....Read More
