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Brief

Latest news about commercial real estate technology and innovation

A former FBI agent and Brookfield Properties executive has been charged with violating U.S. sanctions against Russia as well as money laundering. Charles McGonigal briefly worked as a Brookfield senior VP for global security and life safety, and he was recently arrested and charged, according to the U.S. Department of...
A new way of making steel without producing carbon dioxide was proposed in new research out of Great Britain this month. Scientists at the University of Birmingham have proposed using a form of the mineral perovskite that would recycle the carbon dioxide that blast furnaces emit during the steelmaking process....
State Supreme Court Justice Arthur F. Engorond recently ruled that a housing project in the Seaport District of Manhattan was not able to proceed due to a conflict of interest. The project was a planned development of what is now a “historic” parking lot into a 26 story building with 270...
CBRE has won a lawsuit in Washington, D.C., in a case involving dual representation, which has gained more attention because of a separate, closely-watched case involving JLL. New York Judge Jennifer Schecter dismissed the suit filed by a D.C. landlord last year and ruled that CBRE could keep the $11.6...
The media giant News Corp has been getting pressure from investors to spin off its assets that are not part of its core business model. One of those is Move.com, the parent company of a few real estate marketplaces including realtor.com. Sources are saying that the company is in talks...
The battle for a coveted New York City casino license just got another contender. New York-based Vornado Realty Trust is reportedly exploring a bid for a casino near Madison Square Garden, in the heart of Manhattan. Vornado is looking to propose developing a casino at the site of the to-be-demolished...
Global development firm Hines has restructured leadership roles amid a change in strategy for its Northeast markets. The Houston-based company said this week it is promoting three senior members of its East Coast team to lead its offices in New York, Washington, DC, and Boston. Former leaders of the three...
After nearly three years of implementing heavy-handed policies in an attempt to completely eradicate the COVID-19 virus, China is finally reopening, and that’s piquing interest from foreign investors. Now that China has abandoned its “zero-COVID” policy, real estate development firm Tishman Speyer intends to raise more capital to invest in...
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