Author name: Rob Sattler

Articles of the week ending October 11th OpenAI Opening Offices at Kushner’s Puck Building​ By TRD Staff, The Real Deal ​ OpenAI is leasing 90,000 square feet at Kushner’s Puck Building in Soho, marking a significant expansion in Manhattan’s commercial real estate for the growing artificial intelligence sector. NY cannabis report_ Latest license numbers, sales […]

Articles of the week ending October 4th RFR’s Control Of Chrysler Building Has Been Terminated, Its Landlord Says​ By Ciara Long, Bisnow​ RFR Holding’s control of the Chrysler Building has been terminated by Cooper Union due to approximately $21 million in unpaid rent, resulting in a legal dispute as RFR seeks to void the termination

Northeastern and Vanderbilt Universities Expand in New York City: Acquiring New Campuses and New Opportunities In a bold move to increase their presence in one of the world’s most vibrant cities, Northeastern University and Vanderbilt University have each made significant strides by establishing satellite campuses in New York City. These moves, marked by strategic acquisitions

Articles of the week ending September 27th Nathan Berman And InterVest to Convert 111 Wall Street​ By By Rich Bockmann, The Real Deal ​ Nathan Berman and InterVest Capital Partners plan to convert the office tower at 111 Wall Street into 1,300 rental units, with construction starting in mid-2025, as part of a broader trend

Articles of the week ending September 13th U.S. Inflation Eases to Lowest Level in Three Years​ By Joe Palmisano, Connect CRE​ U.S. inflation has eased to its lowest level since January 2021, with the consumer price index increasing by 0.2% in August and year-over-year inflation at 2.5%, leading to strengthened arguments for a modest quarter-point

Articles of the week ending September 13th Why New York’s Office Market Is in Limbo​ By Keith Larsen, The Real Deal ​ New York’s commercial real estate market remains stagnant in a state of “limbo,” with low deal volumes, high vacancy rates, and uncertainty about future recovery, while lenders continue to extend loans instead of

Articles of the week ending August 30th Will Offices Come Back In Fashion_ Contrarian Buyers Are Betting Millions On It​ By Ciara Long, Bisnow​ Investors such as Menashe Properties are optimistic about a recovery in the office market despite high vacancy rates and discounts, while analysts are cautious due to the lasting effects of remote

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