|Several friends recently called my attention to the fascinating recent article in the New York Times regarding the well–known retail real estate broker Faith Hope Consolo who was found to have numerous misrepresentations concerning her life history (see the link at the end of this piece). While on one level this is a […]|
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 […]
Recent disclosures regarding WeWork’s cash flow problems include the news that it has hired the law firm Weil Gotshal & Manges as restructuring counsel. This inevitably leads to speculation about the shape of a potential bankruptcy filing if the present negotiations with Softbank regarding a recapitalization or JP Morgan Chase regarding new financing are unsuccessful. […]
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 […]
Flex Office Space Footprint in Manhattan Has Grown 300 Percent Since 2015
According to a new report from CBRE, the flexible office space footprint in Manhattan has tripled to 15 million square feet over the last five years as providers’ offerings have evolved, new players entered the market and new flexible space models have arisen.
Manhattan is […]
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 […]
By Ruth Colp-Haber, Wharton Property Advisors, Inc.
I love Top 10 lists (who doesn’t?). The Counselors of Real Estate – an exclusive group of real estate advisors of which I am a member – did a recent survey of the top 10 concerns facing the industry. The results were fascinating, and are summarized in the attached […]
|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 […]
Open office plans give the workplace a hip, collaborative vibe. That’s why they’re popular. But the distractions that come with them have some people longing for the days of cubicles. Plus: what a weak dollar does to the economy and we meet one couple navigating an uncomfortable money situation.
Curtis + Ginsberg Architects will move its offices to 10,307 square feet in the Rudin family’s 55 Broad Street, Commercial Observer has learned.
The architecture firm signed a 10-year lease to take part of the eighth floor of the 30-story building between Beaver Street and Exchange Place, according to a spokeswoman for the landlord. Asking rent was […]