DID YOU KNOW? There is a growing movement for vegan interior design. This not only excludes the obvious like leather, wool and cowhide rugs, but also most paints that contain casein derived from cows milk. (FT)
DID YOU KNOW? Barney's may be declaring bankruptcy soon as it faces a liquidity crunch spurred by a rent hike at its Manhattan flagship. So far, 7,062 store closures have been announced by U.S. retailers this year, according to Coresight Research. The tally could top 12,000 by the end of 2019, setting a new record. In 2018 there were about 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. (CNBC)
DID YOU KNOW? Sonder, a company that straddles the ever-blurring line between hospitality and multifamily real estate, has secured major funding for its continued expansion. Sonder leases blocks of apartments from multifamily landlords, furnishes them and customizes them to rent for stays as short as one night and as long as several months. The units, called Sonders, come in a range of properties from row houses to high-rises and are serviced like hotel rooms. (Bisnow)
DID YOU KNOW? Texas’ top 3 office markets - Houston, Dallas-Fort Worth and Austin - housed roughly 104M SF of the 430M SF of new U.S. office space that came online during the last decade. Dallas-Fort Worth, Austin and Houston accounted for 24% of the nation’s new office construction pipeline during the 10-year span running from 2009 onward. (COSTAR)
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