tag:blogger.com,1999:blog-9238664.post5636098605736018401..comments2024-03-28T05:12:57.188-04:00Comments on Rebuilding Place in the Urban Space: Smaller cities lose out when it comes to business consolidation and headquarters relocation: WInston-Salem, North CarolinaRichard Laymanhttp://www.blogger.com/profile/02765521217875752850noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9238664.post-13934640874134286522022-11-04T18:36:11.738-04:002022-11-04T18:36:11.738-04:00Tenneco, an auto parts company, is moving its HQ t...Tenneco, an auto parts company, is moving its HQ to suburban (not the city of) Detroit.<br /><br />Tenneco to move Chicago-area headquarters to Michigan after its sale to Apollo - Chicago Business Journal.<br /><br />https://www.bizjournals.com/chicago/news/2022/11/03/tenneco-to-move-headquarters-to-michigan.html<br /><br />2. SF Downtown is emptying out.<br /><br />City Leaders Mull What To Do With SF's Empty Downtown. 11/1/2022<br /><br />https://sfstandard.com/business/nothing-is-off-the-table-city-leaders-mull-what-to-do-with-sfs-empty-downtown/<br /><br />One strategy already in the works is park and alleyway improvements to bring more life and color Downtown, said Robbie Silver, executive director of the San Francisco Downtown Community Benefit District, and Laura Crescimano, cofounder of Sitelab. <br /><br />They pointed to recent pilots like adding public art and pedestrian-friendly infrastructure to shared streets, and to Let’s Glow SF, a program Silver’s group led to light up city buildings during the holidays. The latter resulted in a $2.2 million economic impact by bringing people Downtown to shop in the evening, Silver said. <br /><br />3. Nearly 1/4 of suburban Philly office market is vacant, CBRE estimates.<br /><br />https://www.inquirer.com/real-estate/commercial/office-vacancy-rate-philadelphia-suburbs-return-to-work-remote-20221101.html<br /><br />4. Clorox looking to significantly reduce Bay Area headquarters. 11/1/2022<br /><br />In Oakland, 6 floors, getting rid of 4. 80,000 s.f., at least 400 workers.<br /><br />https://www.sfgate.com/local/article/clorox-subleasing-part-oakland-headquarters-17548045.php<br /><br />5. With HQ sale, Emerson to consider locations both in St. Louis and 'elsewhere' for its new home.<br /><br />https://www.bizjournals.com/stlouis/news/2022/10/31/emerson-headquarters-sale.html<br /><br />Emerson has nearly 1,300 employees based in St. Louis, the firm said Monday. While Emerson has operations across the globe, it has been headquartered in St. Louis since its founding in 1890 and is one of the largest corporate philanthropists in the region. ...<br /><br />Emerson’s Climate Technologies business, which it is selling to Blackstone, had $5 billion in sales in fiscal 2022 and includes its compressor business and brands that provide heating, air conditioning and refrigeration technology. It is part of Emerson’s Commercial and Residential Solutions segment, the smaller of its two business units. The deal with Blackstone comes after Emerson has also unveiled other divestitures this year in its Commercial and Residential Solutions unit, announcing sales of subsidiary Therm-O-Disc to private equity firm One Rock Capital Partners and its InSinkErator food waste disposal business to Whirlpool Corp.Richard Laymanhttps://www.blogger.com/profile/02765521217875752850noreply@blogger.comtag:blogger.com,1999:blog-9238664.post-33315420863912007402022-10-29T09:58:12.735-04:002022-10-29T09:58:12.735-04:00Milwaukee to get a headquarters from the suburbs.
...Milwaukee to get a headquarters from the suburbs.<br /><br />Fiserv moving headquarters to downtown Milwaukee from Brookfield. 800 jobs are involved.<br /><br />https://www.jsonline.com/story/money/real-estate/commercial/2022/10/27/fiserv-inc-moving-headquarters-to-downtown-milwaukee/69593620007/<br /><br />Financial and payments technology provider Fiserv Inc. will move its headquarters from Brookfield to downtown Milwaukee, eventually totaling nearly 800 jobs for the city, the company announced Thursday.<br /><br />Fiserv will lease around 160,000 square feet at HUB640, the redeveloped former Boston Store building, 640 N. Phillips Ave.<br /><br />Fiserv expects to begin moving its operations from Brookfield to Milwaukee in 2023, said Britt Zarling, senior vice president of corporate communications.<br /><br />The large but low-key company has been based at 255 Fiserv Drive, in Brookfield Lakes Corporate Center office park, since 1992.<br /><br />The global headquarters project, which will include the addition of 250 jobs over five years and a roughly $40 million investment, is contingent on receiving financing assistance currently being considered by the Wisconsin Economic Development Corp. and the City of Milwaukee, according to a company statement. ...<br /><br />The new headquarters is part of "the company’s strategy to bring people together in strategic hub locations to inspire innovation and collaboration, and to attract the best talent to best serve clients," Fiserv's statement said.Richard Laymanhttps://www.blogger.com/profile/02765521217875752850noreply@blogger.comtag:blogger.com,1999:blog-9238664.post-34582725794202608092022-10-25T23:40:37.712-04:002022-10-25T23:40:37.712-04:00Jacksonville Florida, from 72 banks based there to...Jacksonville Florida, from 72 banks based there to two.<br /><br />Jacksonville Daily Record: How city faded as a banking headquarters.<br />https://www.jaxdailyrecord.com/article/how-city-faded-as-a-banking-headquartersRichard Laymanhttps://www.blogger.com/profile/02765521217875752850noreply@blogger.comtag:blogger.com,1999:blog-9238664.post-67560180211386320272022-10-22T09:59:10.427-04:002022-10-22T09:59:10.427-04:00IndyStar: Aussie bio-med firm make Fishers it'...IndyStar: Aussie bio-med firm make Fishers it's US headquarters.<br />https://www.indystar.com/story/news/local/hamilton-county/fishers/2022/10/21/aussie-bio-med-firm-telix-make-fishers-indiana-u-s-headquarters/69578085007/Richard Laymanhttps://www.blogger.com/profile/02765521217875752850noreply@blogger.comtag:blogger.com,1999:blog-9238664.post-74371488486275948762022-10-20T13:46:47.451-04:002022-10-20T13:46:47.451-04:00Old legacy cities too.
Will Chevron, Twitter or W...Old legacy cities too.<br /><br />Will Chevron, Twitter or Wells Fargo be next to move its headquarters out of California? Here are some that recently left - San Francisco Business Times.<br /><br />https://www.bizjournals.com/sanfrancisco/news/2022/10/19/chevron-twitter-wells-fargo-headquarters.htmlRichard Laymanhttps://www.blogger.com/profile/02765521217875752850noreply@blogger.com