article thumbnail

LinkedIn Invests $74 Million In Silicon Valley Office Space

Allwork

LinkedIn has made a significant investment in Silicon Valley real estate, purchasing a 120,000-square-foot building in Sunnyvale, California, for $74 million, according to CoStar. The deal signals a renewed confidence in the region’s office market, which is still navigating a post-pandemic recovery.

2021 269
article thumbnail

Japan Sees First Wage Growth In Months, Signals Fragile Economic Recovery

Allwork

December’s real wages, a barometer of consumer purchasing power, grew 0.6% and rising at the fastest pace since January 2023. compared to 2023, down for the third consecutive year as consumer inflation exceeded 3% and outpaced nominal pay. in December from a year earlier, data from the labour ministry showed.

2001 214
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.K. Manufacturing Index Sends Mixed Signals As Jobs Hit Lowest In 5 Years While Optimism Rose

Allwork

The S&P Global Purchasing Managers’ Index for UK manufacturing remained below the 50.0 In turn, manufacturers increased their selling prices by the most since April 2023, S&P Global said. But manufacturers also turned the most positive in six months as they hoped for a pick-up in the economy. in February.

Payroll 196
article thumbnail

Trophy Assets Drive 69% Surge In U.S. Office Market Sales

Allwork

The fourth quarter was particularly active, with more than $15 billion in transactions, nearly doubling the $8 billion recorded in Q4 2023, according to BisNow. Private buyers have been the primary force behind the surge, accounting for 57% of purchases, up from 54% in 2024. California markets saw some of the strongest growth.

2024 130
article thumbnail

Senate Report Reveals Airlines Made $12.4 Billion From Seat Fees

Success

billion from seating fees between 2018 and 2023. This practice, common worldwide, is often the final frustration for passengers who feel coerced into paying extra fees after already purchasing a ticket and arriving at the airport on time. Both airlines maintain their pricing is transparent and that customers are treated fairly.

Travel 246
article thumbnail

Blackstone Deepens CRE Bet With $2 Billion Loan Purchase From Atlantic Union

Allwork

The company has been ramping up its exposure to the sector over recent years, notably through the acquisition of a stake in the $17 billion CRE debt portfolio of Signature Bank, a lender that failed in 2023.

article thumbnail

77% of Americans Feel Financially Insecure As Pay Fails To Keep Up With Inflation, Bankrate Reports

Allwork

The rising cost of living continues to outpace wage growth, eroding household budgets and reducing purchasing power. Women are also disproportionately affected: only 20% report feeling secure, a figure that has declined each year since 2023. A salary that felt substantial just a few years ago now doesn’t stretch nearly as far.

Salary 176