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
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
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
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
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
New York City is one of the fastest-growing urban centers in the world. While this accelerated pace of growth has led NYC to become one of the most innovative cities around the globe, it has also caused problems over the […]Read more
Creating a tenant proposal package can help commercial tenants get approved by landlords in New York City. And don’t worry, even if you are not trying to lease an office or store, these tips can be used to approach a […]Read more
The New York City office market is very different in 2021 from how it was in 2019. With remote work becoming the norm and numerous office spaces left vacant in the aftermath of the pandemic, landlords and businesses alike have […]Read more
I was recently asked for my opinion regarding the prospects of a recovery in the New York City retail commercial real estate market. It’s a good time for an update on what has changed.
To provide some key background information […]Read more
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