Yes WeWork Can (for Now)

If anyone was wondering whether WeWork can confirm its bankruptcy plan, the answer is yes WeWork can. While a court hearing on confirmation of the plan is scheduled for May 30, its emergence from Chapter 11 is essentially a foregone conclusion at this stage. I say that because I consulted with Eric, who is also […]

Yes WeWork Can (for Now)2024-05-23T10:53:04-04:00

The State Of Commercial Real Estate Could Be A Lot Worse

It is well known that the commercial real estate industry, and most particularly the office sector, has been reeling from the double whammy of remote work combined with a 525 basis point increase in interest rates. But here’s the good news – the situation could be a lot worse. There may be two strikes on […]

The State Of Commercial Real Estate Could Be A Lot Worse2024-04-30T11:22:21-04:00

The New Queens Soccer Stadium / A Good News Story

With all the tumult in the commercial office market, I thought that a good news story would be a nice subject as the new year is now well underway. Soccer aficionados are probably aware that New York City has reached an agreement with Major League Soccer’s New York City Football Club (NYCFC) to […]

The New Queens Soccer Stadium / A Good News Story2024-04-30T11:14:18-04:00

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

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 3/29/20212024-05-21T14:49:26-04:00

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 3/24/20212024-05-21T14:53:33-04:00

A New Approach for Landlords – If the Tenant Owes Too Much Money, Buy the Company

Simon Property Group and Brookfield Properties were faced with a Hobson’s choice in the Forever 21 bankruptcy. Should they let yet another retailer – Forever 21 – which was an anchor tenant in many of their malls be liquidated, or should they mount a last ditch effort to save the tenant by purchasing it out […]

A New Approach for Landlords – If the Tenant Owes Too Much Money, Buy the Company2020-02-27T09:30:54-05:00

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

Is There a New Alternative to the Security Deposit?

By Ruth Colp-Haber, Wharton Property Advisors, Inc.   –  July, 2019

As NYC tenants know all too well, the security deposits demanded by landlords can be onerous.  In recent years, security deposits have ranged from two months to over one year’s rent. However, a fascinating new credit instrument has recently been introduced as an alternative to […]

Is There a New Alternative to the Security Deposit?2021-12-30T11:16:07-05:00
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