The Major Macroeconomic Reset Coming in the Office Market

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 Market2022-05-04T15:38:05-04:00

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year

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 Year2022-04-06T09:58:48-04:00

Our 5 Point Plan to Protect Office Tenants Against Inflation

While we often comment on broader trends in real estate and the NYC economy, it is also important to go back to basics from time to time. As everyone is aware, the effects of inflation are being felt in both our business and consumer lives. Commercial real estate is no exception due to increased […]

Our 5 Point Plan to Protect Office Tenants Against Inflation2022-03-23T12:39:04-04:00

How to Revive NYC’s Central Business Districts

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 Districts2022-02-08T12:29:55-05:00

The Office is Dead; Long Live the Office

Some much-needed time off over the holidays has allowed me to reflect on the tumultuous events of the past year, and more specifically on the impact of the pandemic on real estate and the office. In a paradoxical way, the Omicron surge has been the last straw. Even some people who have […]

The Office is Dead; Long Live the Office2022-01-04T10:46:07-05:00

We are all Darwinians now – a good news story

Fifty years ago, Richard Nixon famously recognized the universal acceptance of the economic theories of John Maynard Keynes when he pronounced that “we are all Keynesians now“. In honor of my late father, who was a physician and Darwin scholar, I would like to modify that correct statement slightly to reflect the […]

We are all Darwinians now – a good news story2021-11-19T11:42:43-05:00

WeWork goes public; the view from our unique perch

Today WeWork is going public in a transaction that values the company at $9 billion. This is a far cry from the earlier valuation of $47 billion when WeWork proposed its earlier public offering in 2019, but scandal intervened, and the company had to fight for survival. But there is no need to revisit […]

WeWork goes public; the view from our unique perch2021-10-21T12:16:14-04:00

A Macro Perspective on the NYC Office Market

ruth colp haber - wharton property advisorsHow has the pandemic affected the different sectors of the NYC office market? As you may note from the below grid, there is a widening gulf between the top-class A buildings and lesser performing class B buildings.

The class […]

A Macro Perspective on the NYC Office Market2021-10-07T08:41:29-04:00

Wharton Property Advisors – New National and International Affiliations

I am pleased to pass on the exciting news that Wharton Property Advisors has been selected to join an exclusive international network of real estate agents representing tenants in approximately 70 cities worldwide. This new alliance which we helped create expands our capacity to assist clients in all the major cities and metropolitan areas in […]

Wharton Property Advisors – New National and International Affiliations2021-09-16T11:15:21-04:00

Why NYC is leading the way – again

For much of the pandemic, it was all the rage to declare the demise of New York City as many successful business people were decamping to Florida and Texas due to their pro-business policies and lack of state income and estate taxes. In contrast, New York was deemed to be an outdated relic.

But let’s take […]

Why NYC is leading the way – again2021-10-07T08:41:36-04:00
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