The National Guard in NYC Subways – A Good Idea That Needs Tweaking

Everybody wants to be safe. Apparently, the word is out that it may not be safe on the New York City subways, so Governor Kathy Hochul has stepped into the breach and is providing 1000 New York national guardsmen and state police to check bags at the entrance to major subway stations like Grand Central […]

The National Guard in NYC Subways – A Good Idea That Needs Tweaking2024-04-30T11:37:22-04:00

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

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 Hudson2023-08-08T12:33:45-04:00

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 Fall2023-08-08T12:35:56-04:00

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 office2023-08-08T12:59:34-04:00

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 Downturn2023-08-08T13:01:20-04:00

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)2023-08-08T13:35:43-04:00

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?2023-08-08T13:59:21-04:00
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