We hope everyone had an enjoyable Fourth of July weekend. Now that we are several weeks into the opening of offices in NYC and Phase III has started, we thought you would find the recent Real Estate Weekly article discussing the effects of COVID – 19 on the NYC real estate market […]
Steve Cuozzo was first to report that the video-sharing platform clipping at the heels of Twitter, Instagram, SnapChat and Facebook has signed a 10-year-lease for 232,000 s/f at One Five One, Durst’s 48-story tower formerly known as Four Times Square.
The deal gives a major shot in the arm to an office market that has been […]
“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
Winston Churchill quoted by Andrew Cuomo
The beginning phase of the pandemic is over, and we fervently hope the worst of the crisis is behind us. For now, the office leasing market is […]
It comes as no surprise that the coronavirus has wreaked havoc on the New York office leasing market. But for a few exceptions, leasing activity is effectively frozen. The entire real estate industry is completely on edge. Below is a summary of what we are seeing in the market today along with a prediction for […]
|Amid the flurry of coverage regarding the Coronavirus, a recent article in the Financial Times caught my attention. The article stated that 3,325 companies had been issued certificates by the Chinese government authorizing them to void contracts worth $38.5 billion.
Similarly, the Indian Financial Ministry issued an office memorandum stating that disruption of […]
“Long-term relationships matter. Your reputation matters. Providing great service matters. Giving back to the community […]
Our well-informed readers are all familiar with the meteoric rise and startling fall of WeWork.
Personally, I often look to historical analogies or the Classics to help better analyze current events. I see parallels to be found here in the Greek myth of Icarus. Like Icarus, WeWork flew too close to the sun. Like many impatient but […]
We at Wharton Property Advisors are real estate advisors and not investment bankers, so we will leave the analysis of the initial public offering valuation and process to others. However, it strikes us that the recent gleeful reporting about the potential decline and fall of the WeWork empire is greatly exaggerated and totally misses the […]
As many of us sluggishly return from our summer and Labor Day holidays, you may find this article in the Financial Times inspiring. The author Pilita Clark argues that working more hours does not necessarily translate into greater productivity. In contrast, she suggests that we would be better served by following the examples of such […]
WeWork has secured a new location for its headquarters by WeWork at 30 Wall Street in the Financial District.
The co-working giant will be taking approximately 50,000 s/f across the second, third, fourth, sixth and 11th floors of the building with average floor plates of 11,500 square feet.
The company expects to open this location to members […]