It has been obvious to all for many months that the restoration of both the nation‘s health and its economy is dependent upon a sufficient percentage of the population being vaccinated so that we can get to herd immunity. In addition, it has been equally clear that the pace of vaccinations slowed […]
Our eagle-eyed readers may have taken note of recent press reports of the memo issued by Eric Grossman, chief legal officer of Morgan Stanley directing that its outside law firms representing the company return to the office to improve client service. According to dispatches, the memo suggested that firms continuing to work […]
As my favorite author is Anthony Trollope, the author of The Way We Live Now, I thought it might be a good time to take stock of where we are now and where we are going as the summer approaches.
Our economic forecasters at Wharton Property Advisors see the […]
I have been saying for months that no one size fits all regarding the return to the office. You can book that based on my conversations not only with CEOs, but with many employees in a wide variety of positions in companies. We are at the beginning […]
As you may recall, approximately two years ago Amazon decided not to follow through on its plans to move to Long Island City due to community opposition. New York City could certainly use those tens of thousands of well-paying jobs with their attendant multiplier effect now.
Both Governor Andrew Cuomo and Mayor Bill DeBlasio were supportive […]
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 […]
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 […]
Here’s a prediction that is a sure thing. You will soon be seeing articles of all types discussing the pandemic‘s impact on anything and everything one year on. So let me start early and beat the crowd instead of following it by discussing the effect of the Coronavirus on our area […]
Our well-informed clients and friends likely saw the recent news that Knotel, a flexible leasing operator which had over 4 million square feet under management, filed for Chapter 11 bankruptcy on Monday. Knotel’s U.S. operations are focused on private workspaces for mid-size and enterprise companies in New York and San Francisco.
Hurrah – the long-awaited vaccine is finally here! Thanks to this wonderful news, businesspeople can finally look ahead to the future with some confidence that a return to normalcy is possible within a year’s time, and hopefully sooner. John Maynard Keynes said that businesses will not expand unless they believe that tomorrow […]