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 […]
|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 […]
WeWork and the other co-working spaces present a tantalizing trade-off for the savvy office tenant who is looking for a bargain or may have a limited budget for rent or a security deposit.
There are significant advantages to WeWork. First, they allow tremendous flexibility by virtue of the month to month leases without any security deposit. […]
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, […]
Flexible working bends outdated rules governing the time and place for getting work done. It helps
employees who want to meld their career with competing responsibilities and interests outside the
office. It is deemed useful to women especially, as they generally shoulder the greater proportion of
In practice, however, employees and organizations are finding that flexible working […]
With e-commerce dominant, even one of the sexiest retail proprietors around is having trouble making the business model work.
Ikea is to start leasing furniture in a radical departure from its traditional business model that the
Swedish group believes could lead to new ways of customers owning products from office chairs to
The first leasing trial by the world’s largest furniture retailer is set to begin in Switzerland as soon
as this month, and will involve […]
As I look back on 2018, I am particularly proud that our company served as real estate advisor to the diversified clients identified below. We assisted these firms with a variety of important real estate matters including relocating their offices, subleasing their space or renegotiating their office lease. However, we are not resting on our […]
Levi’s, CoverGirl Experiment With New Store Concepts in Times Square
New York’s Times Square might be one of the most recognizable shopping intersections on the planet. So it’s little wonder why retailers often use the iconic locale to debut their latest shopping innovations.
“Times Square is a testbed globally for new products and new technologies and […]
The American Kennel Club is scheduled to open next month its new Museum of the Dog in New York City, following a relocation from a Greek Revival-style residence in St. Louis, Missouri, to a 48-story glass tower in Manhattan.
The club has leased 60,000 square feet at 101 Park Ave. for space it plans […]