The Trump administration has set an April 14 deadline for federal agency director to submit plans for moving offices to “less-costly parts of the country.” The Washington Post reports the guidance was issued by the directors of the Office of Management and Budget and...
The Chicago-headquartered commercial real estate and investment management company JLL (NYSE: JLL) has named Sean Coghlan as head of investor relations. Coghlan previously led the company’s global research and strategy for capital markets. In his new job, he will be...
The General Services Administration (GSA) has ordered the turn off the electric vehicle (EV) chargers at federal buildings. According to combined media reports, the GSA sent an email to federal agencies announcing the decision, noting the chargers were no longer...
New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
The bankrupt craft retailer Jo-Ann announced it plans to close all its stores. On Feb. 12, the company stated it would close 500 stores. In a new statement, the company spelled out its route to shutting down its entire 800-store chain. “Following a comprehensive sale...
