Miami Nice, New York Better; How to Revitalize NYC to Compete Effectively

While in Miami last week, I made sure to make time for an extensive tour of the downtown Brickell business district. One phrase I heard repeatedly from the locals is that they were trying to create a mini Manhattan on the shores of Biscayne Bay. However, unlike the conventional commentary from New York chauvinists like […]

Miami Nice, New York Better; How to Revitalize NYC to Compete Effectively2024-05-21T14:37:33-04:00

Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords Shudder

In another blow to the office industry, co-working giant WeWork finally bowed to the inevitable after a total of $16 billion in losses and filed for Chapter 11 bankruptcy in Newark last night. This was a case that had its origins well before the pandemic, but the trend to remote work hastened WeWork’s fall. The […]

Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords Shudder2023-11-14T14:26:58-05:00

The Hidden Challenge Facing WeWork

Below is an updated version of my latest Forbes.com column.

Our well-informed readers are likely aware that a couple of weeks ago, WeWork withheld interest payments due on five senior secured notes totaling approximately $95 million. In an 8-K report, WeWork stated that it has a 30-day grace period to make the payments before an event […]

The Hidden Challenge Facing WeWork2023-11-06T13:45:52-05:00

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

Power to the Pedestrians

There has been a lot going on lately, so it is possible that even our well-informed readers missed the interesting news that in a special referendum in Paris, local citizens voted overwhelmingly to ban rented e-scooters by 89-11%. Apparently, the chaos and accidents caused by these motorized menaces was too much for Parisian pedestrians to […]

Power to the Pedestrians2023-08-08T12:26:16-04:00

Real Estate, FTX, and the Metaverse / Reflections on the Coming Downturn

There are some dark clouds hovering over the office leasing industry that started with the pandemic and remote work. Industry veterans suggested for years that the trend would pass. However, 2 1/2 years into the pandemic, we can conclude that it is surely enduring with approximately 50% employee attendance around the country.

In order to adapt, […]

Real Estate, FTX, and the Metaverse / Reflections on the Coming Downturn2023-08-08T13:01:20-04:00

A New Incubator to Develop Actionable Ideas for NYC

As recently reported, a new cutting-edge thinking tank called the 5Boro Institute was recently formed by civic and business leaders including former Lieutenant Governor Richard Ravitch. The group has close ties to Mayor Adams, and its purpose is to promote new and actionable ideas to improve the city by advancing responsible, equitable and creative solutions […]

A New Incubator to Develop Actionable Ideas for NYC2023-08-08T13:04:37-04:00

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

The Major Macroeconomic Reset Coming in the Office Market 5/04/2022

When I was a mortgage trader, I recall a wag on the trading desk who would often shake his head forlornly and mutter in abject despair that “we just don’t have good numbers“ to assess the state of the economy. Now let’s fast forward a few years (or decades) to the […]

The Major Macroeconomic Reset Coming in the Office Market 5/04/20222023-08-16T12:01:43-04:00

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/2022

I am pleased to pass on that the Real Estate Board of New York (REBNY) is considering Wharton Property Advisors in its annual competition for the Most Ingenious Deal of the Year for 2021. Please see the click-through sent by REBNY at the bottom of this e-mail for additional details.

We have three deals that have been submitted […]

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/20222023-08-31T13:04:49-04:00
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