The current standoff between Macy’s and (indirectly) Amazon over signage rights in Herald Square has been getting extensive coverage as the case makes its way through the courts. However, what many may not realize is how relevant this exact location […]Read more
Slow internet, video call issues, and dropouts caused by poor telecom infrastructure in buildings are everyday struggles for all of us. Unfortunately, some New York City neighborhoods are notorious for slow and expensive internet service, leaving businesses with limited options.
There was never any glory in the race for ‘NYCs Most Dismal Point of Entry.’ But since Penn Station’s 255,000-square-foot Moynihan Train Hall expansion opened on New Year’s Day, the Port Authority Bus Terminal doesn’t even have a worthy rival […]Read more
I have been thinking lately about the towers that define our city. We are living through a contemporary boom time for skyscrapers, with new buildings regularly topping 1,000 feet. Only seven years ago, One World Trade Center became the tallest […]Read more
The New York City office market has been going through a rough patch caused by the Covid19 pandemic. However, recent transaction activity highlights the fact that investors continue to see the long-term appeal of this bustling market. Our research into […]Read more
For the first time since 2000, the market value of New York City commercial real estate has declined. It dropped $28.6 billion in the last year. This figure comes courtesy of a report from City Comptroller Thomas DiNapoli.
A financial […]Read more
Google Just Spent $2.1 Billion on a St. John’s Terminal – Is Big Tech Driving Manhattan’s Revival?
On September 21st, Google announced that it would purchase the St. John’s Terminal building on the Manhattan’s West Side for an eye-popping $2.1 […]Read more
Manhattan’s commercial real estate market was hit with an unprecedented blow when the Covid19 pandemic emerged in March 2020. The market has been struggling ever since, recording decreased activity across the board. As a result, New York City office space […]Read more
The city of New York’s Council Committee on Small Business is holding a hearing on a bill that would enact commercial rent control for retail and office space. If this bill gets passed, it could negatively impact New York City’s […]Read more
The Covid-19 pandemic immediately changed how people work. Most employers had no choice but to adjust and embrace hybrid and remote work models quickly. As workers trickle back into offices after long periods of remote work, many employers face the […]Read more
Powered by startups, freelancers, and established companies looking for extra desks, coworking office managers enjoyed several years of uninterrupted growth in Manhattan. By the end of 2019, the sector began to stall. All over the city, shared space players like […]Read more
New York City’s Pennsylvania Station, most commonly known as Penn Station, is the busiest transportation hub in the entire Western Hemisphere. More than 600,000 travelers use it every day. The station has a long, rich, and controversial past, and potentially […]Read more