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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.

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.