Mayor Zohran Mamdani has signed an executive order creating a new Office of Community Safety, centralizing prevention programs and marking a significant step in his $1.1 billion plan to reshape public safety in New York City.
Manhattan's largest office landlord has faced steep declines, but a potential shift in macroeconomic conditions and leasing trends could signal a turning point for the embattled REIT.
Global real estate giant JLL reported robust fourth-quarter earnings, fueled by a resurgence in large office leasing deals and growth in property management. CEO Christian Ulbrich outlines a dual strategy: capitalizing on the current 'flight to quality' in offices while positioning AI as a key driver for efficiency and data center opportunities.
ExxonMobil, in partnership with Halliburton, has successfully deployed the industry's first fully automated geological well placement system offshore Guyana. The breakthrough, part of the FutureWell initiative, sets a new benchmark for digital integration in offshore drilling and highlights the oil major's push to enhance efficiency and precision in a key growth region.
As the return-to-office debate evolves, leading design and real estate firms argue that the physical workplace must fundamentally transform—prioritizing learning, well-being, and flexibility—to remain relevant and attract a reluctant workforce.
Official data shows China's manufacturing sector contracted more than expected in February, influenced by the extended Lunar New Year break. However, a separate private survey points to robust expansion, highlighting diverging signals about the health of the world's second-largest economy.
A modest revision to Boston Properties' fair value estimate to $76.50 masks a broader debate among analysts. While some remain cautious on the office REIT sector, others point to the company's strong occupancy and development pipeline as catalysts for growth through 2026.
The discount luxury retailer announced plans to close most of its physical stores following its parent company's bankruptcy filing, raising questions about the future of off-price retail.
As the partial government shutdown enters its second month, nearly 500 Transportation Security Administration officers have resigned, exacerbating severe staffing shortages and causing security wait times to balloon past four hours at major U.S. airports, officials confirmed Thursday.
Empire State Realty Trust reports strong Q4 2025 results, announces major lease renewals with prominent tenants, and continues shareholder returns via dividends and buybacks. While these moves bolster near-term stability, the fundamental debate over hybrid work's lasting impact on Manhattan office demand remains unresolved for investors.
Swiss-based offshore drilling giant Transocean Ltd. reported a modest fourth-quarter profit of $25 million, falling short of Wall Street's per-share expectations despite meeting revenue forecasts, capping a challenging year with a significant annual loss.
Cousins Properties' fair value estimate remains at $31.08 per share, reflecting a cautiously optimistic outlook as analysts balance improving operational metrics with persistent concerns over office sector exposure.
New research suggests the current push for office returns is a temporary phase. As younger generations ascend to leadership, their preference for flexibility and digital-native operations is set to redefine the workplace, making remote work the norm once again.
National Oilwell Varco reported a mixed fourth quarter, with revenue reaching $2.28B but booking a GAAP net loss. While navigating tariffs and softer drilling activity, the company highlighted robust free cash flow and a surging offshore backlog as it braces for a cautious first half of 2026.
Vornado Realty Trust (VNO) reported fourth-quarter revenue above expectations and annual net income of $905 million, while announcing key refinancing and shareholder return initiatives. The moves come as the office REIT navigates a challenging market, with its stock showing recent strength but longer-term weakness.
Industrial giant Eaton announces a strategic overhaul, planning to spin off its Mobility business by early 2027. The move, alongside new tech partnerships, signals a sharpened focus on energy transition and digital infrastructure markets.
Contractors have finished clearing a 150-kilometer stretch of Baltic Sea floor, marking a critical first step in the construction of the 1.5GW Baltica 2 project, set to power millions of Polish homes by 2027.
As a federal investigation into a quarter-billion-dollar pandemic feeding program fraud unfolds, Minnesota Attorney General Keith Ellison finds his progressive environmental litigation alliances facing renewed and intense political examination.
Following the completion of the Coffee Stain Group spin-off, Embracer Group is tightening its strategic focus on a core portfolio of established intellectual property, with early reports suggesting strong performance for key titles like the upcoming Kingdom Come: Deliverance II.
With shares of the Manhattan-focused office REIT down nearly 31% over the past year, investors are grappling with a critical question: does the current price reflect deep-seated troubles or an overlooked recovery play? A deep dive into valuation metrics reveals a market caught between two competing narratives.
