Despite Legal Troubles and Lockdowns, is WeWork On Track for Profitability?
A little over a month after DBRS Morningstar declared that WeWork’s survival following the pandemic was ‘questionable,’ chairman Marcelo Claure says the coworking provider is on track to be profitable in 2021. In a recent interview with the Financial Times, ...
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Brooks Brothers Files for Chapter 11 Bankruptcy Protection
The latest brand to succumb to the pandemic’s effects is Brooks Brothers, which filed for Chapter 11 bankruptcy protection in a Delaware court last week. The upscale men’s clothing chain is the oldest in the U.S., founded 202 years ago as a ...
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Why Investing in Commercial REITs Is a Good Idea Right Now
The coronavirus has had a terrible impact on the retail sector and hospitality and tourism. But these aren't the only industries that have suffered. The commercial property industry also took a toll during these past few months. According to recent ...
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Working in an Office Will Look Very Different Post-Pandemic
There's no doubt that the COVID-19 pandemic has triggered a shift in the world order, leaving a permanent mark on every aspect of our lives. The new coronavirus has already changed how we relate to and communicate with each other, ...
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Could Office Tenants Save a Struggling Retail Sector?
The COVID-19 pandemic is already having a massive impact on the global economy. In just a few months, most industries have been affected, with the retail and restaurant sectors taking the biggest hit. The New York City lockdown put the ...
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Remote Work is Here to Stay, But How Will It Impact the NYC Office Market?
The spread of the new coronavirus has already had a massive impact on the global economy and has forever changed the way we work and do business. In an attempt to stop the spread of the virus, non-essential activities closed ...
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The Impact of the COVID-19 Pandemic on the US Commercial Real Estate Market
There’s no denying that the emergence of COVID-19 has caused a tectonic shift in the world order. Whether we’re aware of it or not, the global economy and the way that we do business have changed forever, and this pandemic ...
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Residential Tenants No Longer Have to Pay Broker Fees in NYC
Residential Tenants No Longer Have to Pay Broker Fees in NYC [Update: As of Feb 11, 2020, tenants still have to pay broker fees due to a temporary restraining order issued by justice Michael Mackey of the New York Supreme ...
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These Are the 50 Largest Office Sales to Close in New York City in 2019
The New York City commercial real estate market has had a pretty good year. Though asking rents and commercial property prices continue to rise, companies seem undeterred, committed to finding quality space in one of the most thriving business districts ...
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Amazon Returns to NYC, Leases 335 KSF of Office Space – No Tax Breaks Needed
Online retail giant Amazon might have backed out of its plans to build HQ2 in Long Island City, but that doesn't mean that it's lost interest in the New York City commercial real estate market. Quite the contrary, it seems, ...
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These Are the Most Expensive Streets and Neighborhoods for NYC Commercial Sales in 2019
New York City is notoriously expensive, whether you’re looking at residential or commercial real estate. Homes and condos are selling for exorbitant prices, while Manhattan office space is among the priciest in the world. It’s not uncommon for landlords to ...
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The 20 Largest Commercial Sales of Q3 in New York City
Compared to the first and second quarters of 2019, commercial real estate investment sales in New York City seem to have stabilized. The current global and U.S. macroeconomic environment seems to cause uncertainty on the near-term trajectory of both the ...
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