The iconic Empire State Building that has crowned Midtown Manhattan since the early 1930s is now a game changer in American architecture in a different way: by becoming completely powered with renewable energy. The Hill reports: Announced on Wednesday, Empire State Realty Trust (ESRT) confirmed that it struck a three-year contract with Green Mountain Energy to power its entire commercial real…
Tag: Real Estate
Axiom Names First Private Crew Paying $55 Million For a Trip To the ISS
An American real estate investor, a Canadian investor, and a former Israeli Air Force pilot are paying $55 million each to be part of the first fully private astronaut crew to journey to the International Space Station. The Verge reports: The trio will hitch a ride on SpaceX’s Crew Dragon capsule early next year, with a veteran NASA astronaut as the…
Where Tech Workers Are Moving
There’s a narrative that the tech industry’s future lies in Texas and Florida. That tech workers and executives — sick of California’s oppressive policies and sky-high real estate costs — are moving en masse to Miami and Austin this year. That these cities are building dominant talent foundations that will persist for years due to the pandemic. That narrative is wrong….
India Enters Recession as Virus Pummels No. 3 Asian Economy
India entered an unprecedented recession with the economy contracting in the three months through September due to the lingering effects of lockdowns to contain the Covid-19 outbreak. From a report: Gross domestic product declined 7.5% last quarter from a year ago, the Statistics Ministry said Friday. That was milder than an 8.2% drop forecast by economists in a Bloomberg survey, and…
Former Google CEO Eric Schmidt Has Applied To Become a Citizen of Cyprus
The former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, Recode has learned, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs. From the report: Schmidt, one of America’s wealthiest people, and his family have won approval to become citizens of the…
Deep-sea mining is making the seabed the hottest real estate on Earth
As the race to extract valuable minerals from the deep ocean ramps up, how can we also protect unique marine ecosystems? Source: https://www.newscientist.com/article/mg24833070-700-deep-sea-mining-is-making-the-seabed-the-hottest-real-estate-on-earth/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Mind and space bending physics on a convenient chip
Thanks to Einstein, we know that our three-dimensional space is warped and curved. And in curved space, normal ideas of geometry and straight lines break down, creating a chance to explore an unfamiliar landscape governed by new rules. But studying how physics plays out in a curved space is challenging: Just like in real estate, location is everything. …
Amazon Plans Vancouver Expansion Where Talent Is Cheap
Amazon expects to nearly triple its workforce in Vancouver, where software engineers are cheap, smart and plentiful. From a report: The online retail giant plans to occupy a bunker-like former Canada Post mailing center that’s being redeveloped into a new 1.1 million square-foot office to house 8,000 jobs by 2023, Jesse Dougherty, a vice president and Vancouver site lead at Amazon,…
California Amends Freelancer Law, But Still Pursues Gig-Worker Companies and Food-Delivery Services
“California is exempting about two-dozen more professions from a landmark labor law designed to treat more people like employees instead of contractors, under a bill that Gov. Gavin Newsom signed on Friday,” reports the San Diego Union-Tribune: The amendments, which take effect immediately, end what lawmakers said were unworkable limits on services provided by freelance writers and still photographers, photojournalists, and…
Andrew Yang Takes Lead Role In California Data Privacy Campaign
Former presidential candidate Andrew Yang is throwing his weight behind California’s November data privacy ballot measure — not just endorsing the initiative but chairing its advisory board, the Proposition 24 campaign announced Monday. Politico reports: Yang’s involvement could bring more visibility and cachet to the effort, given the tech entrepreneur’s national profile and popularity among younger voters. It could also help…