By Katherine Feser Published 1:49 pm CDT, Tuesday, August 28, 2018 Residential values in Houston, Dallas, Austin and San Antonio total $1.38 trillion, according to LendingTree. San Francisco has a value of $1.249 trillion. Click through the slides to see the most valuable markets. less Residential values in Houston, Dallas, Austin and San Antonio total $1.38 trillion, according to LendingTree. San Francisco has a value of $1.249 trillion. Click through the slides to see the most valuable ... more Photo: Gavin Hellier / Robertharding/Getty Images/Robert Harding World Imagery No. 1: New York Total Residential Real Estate Value: $2.549 trillion Median Home Value: $454,000 Country Equivalent: France Source: LendingTree No. 1: New York Total Residential Real Estate Value: $2.549 trillion Median Home Value: $454,000 Country Equivalent: France Source: LendingTree … [Read more...] about Where does Houston rank among the most valuable U.S. cities?
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Starbucks has announced that it will close 150 locations in some of the nation’s big cities to get ahead of its worst growth performance in nine years. But the company also admitted it is racing to blunt the effect of cities with higher minimum wages and other business-killing regulations. The announcement comes on the heels of the company’s low one-percent rise in sales, a figure well below the 2.9 percent the company expected to achieve, Bloomberg reported.With new CEO Kevin Johnson beginning to make his mark on the coffee giant, the closures will hit corporate-owned locations mostly in densely populated areas in the U.S., meaning that the old joke that there is a Starbucks on every corner in America’s biggest cities may become a thing of the past. “Our growth has slowed a bit,” Johnson admitted in a recent interview, Bloomberg said. “I expect better, I think our shareholders deserve better, and we’re committed to address that.” While … [Read more...] about Starbucks to Close 150 Stores in Big U.S. Cities Due to High Minimum Wage, Strict Regulations
NEW YORK (Reuters) - New technology such as machine learning algorithms coupled with improved heating and cooling units that can be controlled by software helped cut electricity consumption at Rudin Management, a large New York landlord, by 41 percent since 2005. Rudin’s Nantum operating system can now predict when to adjust building temperatures according to the flow of people leaving and entering a property because it stores information instead of dumping all the data at day’s end. The advent of smart building technology is one of the ways scores of property-focused start-ups known as ‘proptech’ firms are trying to tap growing reams of data in commercial real estate to increase productivity. Venture capital in recent years has plowed more than $2 billion into ‘proptech’ firms that cull data from leasing contracts, capital projects, public records or a building’s infrastructure. John Gilbert, chief operating officer at Rudin and executive … [Read more...] about ‘Proptech’ firms angle for riches in U.S. real estate market
If you live in the U.S. and end up having to pay much more for your next Apple iPhone, you might put the blame squarely on President Donald J. Trump. The president went against the advice of his rapidly changing staff (can't tell the players without a scorecard) and announced tariffs against imports from China. A 25% tariff will be added to as much as $50 billion worth of goods from the country. The majority of products affected are said to be from the high-tech sector.While many consider the Apple iPhone to be as American as Apple Pie, the truth is that the handset is designed in the U.S. and is assembled in China. From there, it is shipped to other countries including the U.S. That would make the device vulnerable to Trump's tariffs. The president says that the tariffs placed against Chinese imports are "the first of many," and China's U.S. ambassador said his government is "not afraid" of a trade war.If a 25% tariff is slapped on the iPhone, it will be up to Apple and individual … [Read more...] about Trump’s tariffs on Chinese imports could raise Apple iPhone prices in the U.S.
Coworking space provider Industrious has raised $80 million in a series C round of funding led by Riverwood Capital and Fifth Wall Ventures, with participation from Alrai, Outlook, Rabina Properties, Schechter Private Capital, and Wells Fargo Strategic Capital. Founded out of Brooklyn in 2013, Industrious pitches itself as a “premium workplace platform” that provides companies with coworking office space, services, management, hospitality, and more. The company claims more than 30 locations across 25 cities in the U.S., with clients including Lyft, Pinterest, GM, and Pandora. Industrious had previously raised $62 million in funding, and with another $80 million in the bank the company plans to grow its locations across the U.S. and support its “data-driven innovation in structural workspace design,” according to a statement “The workforce is rapidly evolving, as are its demands for flexibility, mobility and scalability; at the same time, … [Read more...] about Industrious raises $80 million to grow its premium coworking spaces across the U.S.