The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
Tag: commercial real estate
The Death of the US Working Class and the Evils of Ultra Capitalism
A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B
A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B
Ultimately, the multi-billion dollar trading of Ancestry between investment companies is another reminder that when you hand over your DNA, you never know who might eventually own it.
Related:
World’s Biggest Landlord Buys World’s Biggest Genealogy Website
The United Nations issued a report in 2019 accusing Blackstone of “wreaking havoc” with “aggressive evictions” and contributing to the housing crisis that was becoming apparent even before the coronavirus pandemic sent the global economy spiraling. Blackstone made a killing from the 2009 financial crisis, scooping up billions of dollars worth of apartment complexes and single-family homes in the early 2010s.
Ms. Cat’s Chronicles 