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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

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

Articles of the week ending July 26th SL Green plans to open a Summit observatory in Paris _ Crain’s New York Business​By Aaron Elstein, Crain’s New York Business ​ SL Green plans to open a Summit observatory in Paris to diversify its revenue streams beyond Manhattan’s office buildings, which predominantly comprise its portfolio, while already

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.