Manhattan is about to undergo a major change, and it has everything to do with the empty office buildings that dot its landscape. Mayor Eric Adams has put forward a practical yet ambitious plan: convert these vacant spaces into housing ...
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Once the shining star of the startup universe, WeWork now faces a stark reversal of fortune. A devastating 97% nosedive in stock value since its 2021 listing and CEO Sandeep Mathrani's unexpected exit have left the once trailblazing coworking office ...
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New York City's real estate is an ever-changing landscape that can surprise even seasoned observers. Take the Bronx, for instance, once hailed as an upscale hub with the Grand Concourse - its answer to Park Avenue and Paris’s Champs-Élysées. For ...
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A silent tug-of-war occurs in the beating heart of global commerce - New York City. It's not about office spaces or the latest tech start-ups but instead about the often overlooked yet all-important commercial property taxes. Like an unpredictable ocean, ...
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There's a quiet revolution happening in the job market. The once booming work-from-home trend is decelerating, even as job seekers' thirst for remote work persists. This pivot, characterized by a decline in work-from-home roles, could ignite a measured revival for ...
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Welcome to a modern-day "tale of two cities" involving San Francisco and New York City. This story involves each city's commercial office markets and unique post-pandemic landscapes. It also involves San Francisco's vs. NYC's office recovery.  In theory, you'd think ...
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Brace yourself for the future of New York City's commercial real estate market because the uncertainty looks as significant as ever. Many workers are learning a harsh lesson akin to "be careful what you wish for." While the pandemic-induced remote work ...
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New York City's skyline is breathtaking, with towering marvels like the Empire State Building, the art deco masterpiece Chrysler Building, and the stunning One World Trade Center. But one building, in particular, stands out. Not just for its unique triangular ...
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March 8, 2023, marked the fall of Silicon Valley Bank, once a top institution for startups and venture capitalists. Days later, the contagion directly affected New York City’s commercial real estate market. Signature Bank, a major banking option for New ...
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The Federal Reserve, aka “The Fed," is the United States’ central banking authority. While it’s best known for determining interest rates and overseeing monetary policy, another responsibility it holds is maintaining the financial system's stability. So when it sees commercial ...
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Never say never to the risk of your landlord going bankrupt. Lost in the talk about Fed policy, rising rates, inflation, recession probabilities, and geopolitics is something much more consequential for New York City commercial tenants. The risk of landlord ...
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As 2022 comes to a close, falling from grace continues to be a consistent theme in the business world. Perhaps it makes sense, considering we’re on the brink of a recession. But some of the scopes and scales of the ...
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