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 6/22/20222022-08-11T15:13:05-04:00

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 6/14/20222022-08-11T15:13:18-04:00

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 2/08/20222022-08-11T15:15:06-04:00

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

Lying and the Importance of Honesty in Real Estate

Several friends recently called my attention to the fascinating recent article in the New York Times regarding the well–known retail real estate broker Faith Hope Consolo who was found to have numerous misrepresentations concerning her life history (see the link at the end of this piece). While on one level this is a […]
Lying and the Importance of Honesty in Real Estate2022-05-11T16:21:47-04:00

Manhattan Flex Office Space Growth Explodes, 15 Million Square Feet Added in Last 5 Years

Flex Office Space Footprint in Manhattan Has Grown 300 Percent Since 2015

According to a new report from CBRE, the flexible office space footprint in Manhattan has tripled to 15 million square feet over the last five years as providers’ offerings have evolved, new players entered the market and new flexible space models have arisen.

Manhattan is […]

Manhattan Flex Office Space Growth Explodes, 15 Million Square Feet Added in Last 5 Years2019-09-17T13:03:36-04:00

Wide Open Spaces

Open office plans give the workplace a hip, collaborative vibe. That’s why they’re popular. But the distractions that come with them have some people longing for the days of cubicles. Plus: what a weak dollar does to the economy and we meet one couple navigating an uncomfortable money situation.

Wide Open Spaces2019-07-18T13:40:43-04:00

Architect Nabs 10K SF at 55 Broad Street

Curtis + Ginsberg Architects will move its offices to 10,307 square feet in the Rudin family’s 55 Broad Street, Commercial Observer has learned.

The architecture firm signed a 10-year lease to take part of the eighth floor of the 30-story building between Beaver Street and Exchange Place, according to a spokeswoman for the landlord. Asking rent was […]

Architect Nabs 10K SF at 55 Broad Street2019-07-11T13:47:07-04:00

WeWork Nabs 55K at 30 Wall Street

WeWork signed a 15-year lease for five full floors in Atlantic 30 Wall’s 30 Wall Street between Nassau and William Streets, according to Wharton Property Advisors’ Ruth Colp-Haber, who repped both sides in the deal. Asking rent was $52 per square foot.

This will be the 40th location for WeWork’s single-tenant division, Headquarters by WeWork, which subleases offices to midsized businesses, […]

WeWork Nabs 55K at 30 Wall Street2019-05-23T17:12:23-04:00

Nearly a Dozen Real Estate Honchos Charged in College Cheating Scheme

Nearly a dozen real estate CEOs were among the nearly 50 people charged in a nationwide scheme to cheat on college entrance exams to get children into elite colleges, federal prosecutors said.

The mostly California-based suspects, which include a former Cushman & Wakefield broker and the former CEO of investment management firm Pimco, allegedly bribed coaches and school administrators […]

Nearly a Dozen Real Estate Honchos Charged in College Cheating Scheme2019-03-17T08:10:47-04:00
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