News/Events
Starwood’s Net Income Drops 95% Annually — and Then Its Stock Drops
Starwood Property Trust’s stock tanked hours after the firm reported its second-quarter earnings, dropping 4 percent in one morning, as the firm reported major declines in net income. Starwood’s stock currently trades at $15.55 per share, down 6 percent from where it traded one month ago and down nearly 20 percent from a year ago. …
AI Employee Management Platform Warp Triples Footprint at 156 Fifth Avenue
Warp, an artificial intelligence-driven employee management platform, has more than tripled its office footprint for the second time in 12 months. The startup recently secured a 16,500-square-foot expansion to fully occupy the seventh floor at 156 Fifth Avenue, less than a year after settling at the Flatiron District building. Warp’s footprint now totals 24,500 square…
Compass Coffee Says It Lacks Cash For Bankruptcy Plan, Seeks To Toss Case
Compass Coffee, struggling after bankruptcy and selling most of its assets, requests that its case be dismissed.
Microsoft Moves To Undo Local Tax Breaks For Atlanta Data Center Projects
Microsoft is moving to retract local tax incentives for Atlanta data centers amid criticism and industry changes.
ICE Pivot From Warehouse Plan Funnels Cash To Private Prison Owners
CoreCivic and Geo Group are benefiting from DHS detainment policy changes, driving earnings and stock growth in private detention expansions.
Top Brokers Leave Newmark After Suing Firm, Boss
New details have emerged on power struggles in Newmark's Boston Capital Markets team.
SpaceX, Tesla To Spend $16.8B Building First Phase Of 100M SF Chip Factory
Elon Musk's SpaceX and Tesla announced their investment in Terafab, a $16.8B Texas chip factory, to boost AI tech.
Longtime Newmark CEO Barry Gosin To Step Down
The longtime CEO is leaving the post after 48 years but will remain chairman of the operating committee to guide future growth.
CRE’s ESG Retreat Masks Growing Spending On Climate Risk
Climate risk data is now vital for CRE as ESG investing wanes, driving demand for predictive models to assess risks and inform decisions.
