Page 7 - Daniel Geiger News Today

Meet the private-equity giant's real estate stars investing in assets like Hollywood studios, apartments in Florida, and more.

Companies are vying for warehouse space to ensure ultrafast delivery and guard against shortages. They're locking in leases before rents rise more.

IBM, Meta, and BlackRock tout sustainability and environmental goals. But the big buildings where they have offices are gas-guzzling dinosaurs.

They generate record earnings for the private-equity giant by investing in warehouses in Europe, apartments in Florida, and everything in between.

Amid the pandemic, office rents have fallen, vacancies have risen, and major office properties have had growing difficulty filling empty spaces.

VCs, who threw $32 billion into real-estate tech startups last year, back companies tackling big issues — from housing affordability to remote work.

They described how Florance tormented rivals, mocked and fired workers for minor infractions, and made employees fight each other over cash prizes.

The CEO said complaints were from "a small but vocal group of disgruntled former employees."

Police told Insider that two cars were set on fire in the parking garage of CoStar's Richmond office and that they've taken a suspect into custody.

Employees said they're fed up with CoStar's authoritarian tactics. The $26 billion company replied that it is unapologetic about its high standards.