We should think twice before turning NYC into Hades on the Hudson

There appears to be an unseemly rush to set up casinos in Manhattan. Every day there is a new proposal from a prospective operator.

However, don’t fall for the okey-doke. If the city places a bet on Lucky Dan, it’s sure to be stung just as in the movies. This is a desperate last gasp move […]

We should think twice before turning NYC into Hades on the Hudson2023-01-24T11:56:39-05:00

The Dominoes are Starting to Fall

There have been several excellent articles recently about whether the glass representing the future of New York and urban America is half empty or half full. We don’t yet know in a metaphorical sense. However, we do know that offices are literally half full with 49.6% employee attendance in New York City and 49.0% nationwide. […]

The Dominoes are Starting to Fall2022-12-12T18:51:35-05:00

Elon Musk shows the wrong way to get employees back to the office

Our well-informed readers are surely aware of the travails of Twitter following its recent takeover. Technology is not my field, but when Elon Musk mandated a return to office by employees that he later rescinded, I thought there might be helpful lessons for managers from the ensuing debacle in my area of expertise. Clearly, this […]

Elon Musk shows the wrong way to get employees back to the office2022-11-22T12:48:03-05:00

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 Downturn2022-11-15T13:53:31-05:00

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 NYC2022-10-19T16:30:40-04:00

Ruth in the New York Times (8-29-2022)

Many of our readers likely saw today’s excellent lead article in the New York Times discussing the new Penn Station development project which is being spearheaded by Governor Hochul. I was pleased to be quoted in the article (see the click through below).

The project provides for a group of developers led by Vornado Realty Trust to […]

Ruth in the New York Times (8-29-2022)2022-09-07T11:56:48-04:00

Remote Work – a Slacker’s Paradise?

Some of our well-informed readers may recall about a year ago there was some attention paid to the concept of “lying flat“ in China, where burned out millennials were becoming discouraged from vigorously pursuing an ambitious career. Now we see another incarnation of the doctrine in the form of “quiet quitting” which has been widely […]

Remote Work – a Slacker’s Paradise?2022-08-23T18:33:23-04:00

Why so many lawyers are going into the office, and why that is important 8/10/2022

We have been tracking a fascinating trend in the legal industry in which their employees are returning to the office at substantially higher rates than other businesses. According to the widely-followed Kastle Systems back-to-work barometer, employees at law firms nationwide have approximately 80% average occupancy office attendance as opposed to 45% for all industries, a […]

Why so many lawyers are going into the office, and why that is important 8/10/20222022-08-11T15:12:35-04:00

The New Economics for NYC Landlords 6/22/2022

My firm represents tenants, but we also recognize the essential role that landlords play in the smooth functioning of the commercial office ecosystem. Healthy landlords are essential so that tenants can receive high quality services in their buildings.

There is no crisis at One Vanderbilt or Hudson Yards. However, for all but the top-class buildings, the […]

The New Economics for NYC Landlords 6/22/20222022-08-11T15:13:05-04:00

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 6/14/20222022-08-11T15:13:18-04:00
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