Yes WeWork Can (for Now)

If anyone was wondering whether WeWork can confirm its bankruptcy plan, the answer is yes WeWork can. While a court hearing on confirmation of the plan is scheduled for May 30, its emergence from Chapter 11 is essentially a foregone conclusion at this stage. I say that because I consulted with Eric, who is also […]

Yes WeWork Can (for Now)2024-05-23T10:53:04-04:00

The WeWork Bankruptcy – What Comes Next?

Karl (not Groucho) Marx, citing Hegel as the source, famously said that history appears first as tragedy, twice as farce. While I will spare you from a dialectic, suffice it to say that the WeWork bankruptcy might be an example of what these famous economic and social philosophers had in mind. Let me explain by […]

The WeWork Bankruptcy – What Comes Next?2024-04-30T11:28:55-04:00

The State Of Commercial Real Estate Could Be A Lot Worse

It is well known that the commercial real estate industry, and most particularly the office sector, has been reeling from the double whammy of remote work combined with a 525 basis point increase in interest rates. But here’s the good news – the situation could be a lot worse. There may be two strikes on […]

The State Of Commercial Real Estate Could Be A Lot Worse2024-04-30T11:22:21-04:00

The New Queens Soccer Stadium / A Good News Story

With all the tumult in the commercial office market, I thought that a good news story would be a nice subject as the new year is now well underway. Soccer aficionados are probably aware that New York City has reached an agreement with Major League Soccer’s New York City Football Club (NYCFC) to […]

The New Queens Soccer Stadium / A Good News Story2024-04-30T11:14:18-04:00

There’s Never Been a Better Time to be an Office Tenant / Ruth in Fast Company

I was pleased to participate in a fascinating report just released in Fast Company. While titled as an eight-point guide for designing an office that office workers actually want to return to, it also contained a discussion of the state of the office market in several major cities and the views of several real estate […]

There’s Never Been a Better Time to be an Office Tenant / Ruth in Fast Company2024-04-30T11:09:00-04:00

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

Wharton Property Advisors – New National and International Affiliations 8/10/2021

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 Affiliations 8/10/20212023-11-14T14:42:19-05:00

Let’s invite Delta and Coca-Cola to move jobs to New York! 4/07/2021

As you may recall, approximately two years ago Amazon decided not to follow through on its plans to move to Long Island City due to community opposition. New York City could certainly use those tens of thousands of well-paying jobs with their attendant multiplier effect now.

Both Governor Andrew Cuomo and Mayor Bill DeBlasio were supportive […]

Let’s invite Delta and Coca-Cola to move jobs to New York! 4/07/20212024-05-21T14:45:16-04:00

WeWork goes public; my view from the office suite 3/29/2021

Friday brought the long-rumored news that WeWork is going public in a transaction that values the company at $9 billion. The deal is structured as a merger with BowX Acquisition, a special purpose acquisition company (SPAC).

Following the report in the Financial Times of WeWork’s plan to go public via a SPAC, one wag […]

WeWork goes public; my view from the office suite 3/29/20212024-05-21T14:49:26-04:00

We’re Sounding the Alarm; the Office is Now a Destination, not a Requirement 3/24/2021

In some companies, there is a clash brewing between management that wants to return to the office and employees who prefer remote work. Many CEOs are eager to get back in the office and the trend has accelerated in recent weeks as vaccines have become more widely available. Further, a recent Bloomberg article reported that […]

We’re Sounding the Alarm; the Office is Now a Destination, not a Requirement 3/24/20212024-05-21T14:53:33-04:00
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