Uncategorized

Articles of the week ending July 19th WeWork reworks lease at 575 Lexington Avenue office to provide high-end lounge for the building​ By TRD Staff, The Real Deal​WeWork is reworking its real estate portfolio post-bankruptcy by providing high-end work lounges for tenants in order to enhance the daily experience and drive future demand for office […]

Articles of the week ending July 12th Jamie Hodari Won The Flex Office Race By Playing It Safe​ By Elizabeth Cryan, The Real Deal​ Jamie Hodari and his company Industrious have taken a more conservative approach to the flex office market, focusing on creating a quality and community-driven workplace experience rather than chasing risky expansion.

Articles of the week ending July 5th Stahl Organization puts in equity for new loan at 277 Park Ave. ​ By Aaron Elstein, Crain’s New York Business ​ The estate of late developer Stanley Stahl contributes a hefty $250 million to secure a new loan for their flagship office tower at 277 Park Ave in

Articles of the week ending June 28th  With Unpaid Property Taxes And Bills Nearing $2B, NYC Looks For New Way To Collect​ By Ciara Long, Bisnow​The NYC City Council is introducing new legislation to collect unpaid property and water bills totaling over $1.8B, replacing the previous tax lien sales program in an effort to help

Articles of the week ending June 21st Real Estate Funds Shift Allocations to Telecom REITs By Paul Bubny, Connect CRE Active real estate funds increased their allocations to telecommunications REITs in Q1 2024, overweighting the sector which now represents the second largest share in the funds behind residential. Office buildings 148 and 89 Madison Ave.

Articles of the week ending June 14th Nonprofits Pounce on Discounted Properties in Down Market By TRD Staff, The Real Deal Nonprofits are taking advantage of low commercial property prices to build their portfolios and create a legacy, with many well-funded organizations acquiring properties at a discount. Moody’s Could Downgrade 6 U.S. Banks Over CRE

Articles of the week ending June 7th Shareholders Revolt Against CEO Salaries By TRD Staff, The Real Deal  Shareholders are revolting against real estate CEO salaries due to falling earnings and shrinking dividend payouts, but company boards may choose to ignore the votes. Researches Raise Concern of Bank Exposure to REITs By TRD Staff, The

Articles of the week ending May 31st Vanbarton Group Defaults on 292 Madison Avenue By Rich Bockmann, The Real Deal Vanbarton Group has defaulted on a $90 million loan for their Midtown office building at 292 Madison Avenue, prompting Deutsche Bank to look to sell the non-performing loan.  Steve Cohen’s $8B casino jeopardized by Sen.

Articles of the week ending May 24th Signature Bank’s Collapse Spiked Silverstein Office Vacancy By TRD Staff, The Real Deal  Signature Bank’s collapse has led to a vacancy spike at Silverstein Properties’ 1177 Sixth Avenue, causing concerns for building ownership as tenants leave and vacancies increase. Scott Rechler’s RXR Faces Foreclosure on Madison Ave Office

Source: Placer.ai Office Index   Recovery leaders Miami and New York saw April 2024 office visits bounce back to 86.0% and 83.1%, respectively, of pre-pandemic levels.   Check out the full report here: Placer.ai Office Index April 2024