The National Guard in NYC Subways – A Good Idea That Needs Tweaking

Everybody wants to be safe. Apparently, the word is out that it may not be safe on the New York City subways, so Governor Kathy Hochul has stepped into the breach and is providing 1000 New York national guardsmen and state police to check bags at the entrance to major subway stations like Grand Central […]

The National Guard in NYC Subways – A Good Idea That Needs Tweaking2024-03-12T15:17:22-04:00

The Growing Commercial Real Estate Threat Facing Our Economy / My Forbes.com Column

I recently attended a fascinating real estate investors’ conference for hedge funds, lenders and owners held by the Real Estate Limited Partner Institute. The talk of the conference was the almost complete inability of landlords (other than owners of tier 1 properties) to get any financing at all, except at exorbitant rates around 15% which […]

The Growing Commercial Real Estate Threat Facing Our Economy / My Forbes.com Column2023-11-14T14:36:08-05:00

Mr. Musk misses the mark – getting employees to the office requires a practical solution

With all the controversial things that Elon Musk says, even our well-informed readers may not have seen his interesting comment in his recent CNBC interview that employees going to the office is a “moral issue”. In the interview, Mr. Musk opined that “I kind of think that the whole notion of work from home is […]

Mr. Musk misses the mark – getting employees to the office requires a practical solution2023-08-08T12:22:13-04:00

Elon Musk shows the wrong way to get employees back to the office

Our well-informed readers are surely aware of the travails of Twitter following its recent takeover. Technology is not my field, but when Elon Musk mandated a return to office by employees that he later rescinded, I thought there might be helpful lessons for managers from the ensuing debacle in my area of expertise. Clearly, this […]

Elon Musk shows the wrong way to get employees back to the office2023-08-08T12:59:34-04:00

The New Economics for NYC Landlords 6/22/2022

My firm represents tenants, but we also recognize the essential role that landlords play in the smooth functioning of the commercial office ecosystem. Healthy landlords are essential so that tenants can receive high quality services in their buildings.

There is no crisis at One Vanderbilt or Hudson Yards. However, for all but the top-class buildings, the […]

The New Economics for NYC Landlords 6/22/20222023-08-16T11:48:39-04:00

The Unspoken Reason We Need Offices 6/14/2022

Much has been made of how working with colleagues in the office is important for creativity, team-building, brainstorming and development of ideas. Of course, that benefit is offset by the time spent commuting and on idle chatter, let alone the occasional unpleasant encounter.

However, a recent article in the New York Times […]

The Unspoken Reason We Need Offices 6/14/20222023-08-16T11:51:10-04:00

We Can Help Sublease Excess Office Space 6/09/2022

Since the beginning of the pandemic, many companies including professional firms have been sitting with significant amounts of unused office space. If you have been receiving our emails you are likely aware that Wharton Property Advisors has extensive experience in all facets of the niche market for office subleasing transactions and in […]

We Can Help Sublease Excess Office Space 6/09/20222023-08-16T11:53:07-04:00

How to Revive NYC’s Central Business Districts 2/08/2022

Anyone who has recently walked through the main business districts in New York City can’t help but be shocked. In areas such as Grand Central, Midtown East, Penn Station and Wall Street there are numerous restaurants, shops and hotels which are closed, and the streets are desolate. This comes as no surprise […]

How to Revive NYC’s Central Business Districts 2/08/20222023-08-31T13:16:02-04:00

WeWork goes public; my view from the office suite 3/29/2021

Friday brought the long-rumored news that WeWork is going public in a transaction that values the company at $9 billion. The deal is structured as a merger with BowX Acquisition, a special purpose acquisition company (SPAC).

Following the report in the Financial Times of WeWork’s plan to go public via a SPAC, one wag […]

WeWork goes public; my view from the office suite 3/29/20212022-08-11T15:29:32-04:00

We’re Sounding the Alarm; the Office is Now a Destination, not a Requirement 3/24/2021

In some companies, there is a clash brewing between management that wants to return to the office and employees who prefer remote work. Many CEOs are eager to get back in the office and the trend has accelerated in recent weeks as vaccines have become more widely available. Further, a recent Bloomberg article reported that […]

We’re Sounding the Alarm; the Office is Now a Destination, not a Requirement 3/24/20212022-08-11T15:29:48-04:00
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