Articles of the week Jan 26th
Commercial Real Estate, New York City, and General Articles that got my attention this week.
M-Core Tax Incentive Program Takes Flight
Aaron Elstein outlines M-Core incentive program being used for 100M in tax breaks for 2 Manhattan buildings.
McKinsey – Gen Z’s Wellness Habits
McKinsey report highlights the importance of wellness for Gen Z.
Landlord’s Creative Ways of Increasing Value of a Property
Konrad Putzier summarizes the how office landlords get creative to increase a buildings value.
RXR & ARES Launch Billion Dollar Fund Focused on Distressed Manhattan Offices
Paul Bubny describes the creation of $1B fund focused on Manhattan Distressed Office Buildings.
WeWork Cuts Costs By $3.7B Via Lease Restructuring
Kayla Carmichael reports on WeWork’s restructuring.
WeWork Witholds Rent from Landlords
Ethan Rothstein reports on WeWork’s delinquent January rent payments at locations across the country.
Prologis Predicts Lower Occupancy and Cash Flow.
Kayla Carmichael looks at Prologis’s prediction of the slowing industrial market.