Today, the Urban Land Institute Fall meeting gets into full swing in San Francisco. The ULI is expecting a record turnout, as it should.
The IRS recently threw a big, wet towel on a long list of REIT spinouts that are being evaluated, and putting a number of high-profile IPOs in jeopardy.
President Obama will be in town for a couple of days to address the Assembly, but it looks like he will have to find a new place to sleep.
With much hoopla, the New York City Metropolitan Transportation Association cut the ribbon on the expansion of the NYC subway system. It's a small triumph in an otherwise troubled national infrastructure scene.
For the last decade I have trumpeted ushering in of the new business year the day after Labor Day. I revel in observing that the rhythm of business tracks the seasons, and after the lazy days of summer business reignites and gears-up for a marathon to the following July when the business cycle wains into what used to be a slumber. Not so this year!
For those of you who chronically wait to read the current edition of the Executive Watch, you may have an issue with effective time management, or so the Wall Street Journal reported in today’s edition. In other words, why do today what you can put off until tomorrow.
By my count, over the course of the past 40 years there have been six major seismic shocks that put the financial markets, and then the economy into a tail spin, with the “great recession” of 2008 being the granddaddy of them all.
The great recession crushed businesses across every sector and every region, and it has been a slow climb out of the rubble with vestiges of the downturn still impacting business and the economy.
Google announced yesterday that it is restructuring.
Beyond the large public REITs, a handful of global service companies and investment managers, the real estate industry is a mosaic of small entrepreneurial and locally focused owners, developers, investors and consultants.
In many major cities Uber, the car service that is relied upon by legions of execs and professionals, as well as mom and dad, is under attack on many fronts.
Who doesn’t fondly remember when we were kids taking on summer jobs during the lazy hazy crazy days of summer. Summers seemed so long back then, and kids were enlisted for all sorts of jobs to toil away from the end of the school year until the September when school days resumed.
In a small town in northern Wisconsin is a giant factory from the 30s, 40s, 50s and 60s that produced fine quality men’s shirts—Arrow, I believe—that were carefully and proudly produced by local workers. Alas, the factory is quiet now, and the town has fallen on hard times, like so many others.
Before the great recession, the airlines were bleeding cash, and most of the major carriers sought protection in the bankruptcy courts. They all emerged from bankruptcy after massive restructuring of bank debt and union contracts ready to roll into the next phase, the mergers of giants. A short list of airlines such as Delta, United and American remain, and they have figured it all out. …
According to a recent analysis commissioned by The Wall Street Journal, of the 67 companies in the Standard & Poor’s 1500 Index with female CEOs, 54% have at least three women in the boardroom compared to 15% of companies with men as CEOs.