August 2024

Articles of the week ending August 30th The Ghost Of Office Past, Present And Future_ How Landlords Are Managing After WeWork’s Bankruptcy​ By Sasha Jones, Bisnow ​ Landlords are grappling with the aftermath of WeWork’s bankruptcy by renegotiating leases, struggling to fill vacated spaces, and facing financial distress, while some have successfully reoccupied areas with […]

Articles of the week ending August 23rd Sunken Cost Fallacy_ Lessons from a Park Avenue Office Tower​ By Erik Engquist. The Real Deal​ The sunken costs fallacy illustrates how individuals and organizations, like the Stahl Organization with their $370 million investment in 277 Park Ave, often irrationally continue to invest in failing ventures due to

Articles of the week ending August 16th TF Cornerstone buys two Greenpoint waterfront properties for $174 million _ Crain’s New York Business​ By Julianne Cuba, Crain’s New York Business​ TF Cornerstone acquired two adjacent waterfront parcels in Greenpoint for $174.1 million, despite ongoing climate change challenges impacting their waterfront projects, and expressed confidence in sustainable

Articles of the week ending August 9th Jay Suites buys 8 W. 38th St. in Manhattan _ Crain’s New York Business​ By Eddie Small, Crain’s New York Business ​ Coworking firm Jay Suites has acquired the 12-story office building at 8 W. 38th St. for $35 million, retaining existing tenants while occupying the sole vacant

Articles of the week ending August 2nd Unification Church Pitches Midtown Offices as Resi Conversion​ By Keith Larsen, The Real Deal​ The Unification Church is marketing its 72,567-square-foot office building at 4 West 43rd Street for potential residential conversion, highlighting its development air rights that allow for significant new construction, despite challenges such as limited