The Anticipated WeWork Bankruptcy and its Larger Significance

As our well-informed readers know, the Wall Street Journal has reported that WeWork expects to file for bankruptcy next week. For now, the WeWork bondholders have entered into a seven-day forbearance of the grace period to declare a default in order to provide additional time for negotiations.

It has been evident for many years that WeWork’s […]

The Anticipated WeWork Bankruptcy and its Larger Significance2023-11-06T13:39:00-05:00

Mr. Musk misses the mark – getting employees to the office requires a practical solution

With all the controversial things that Elon Musk says, even our well-informed readers may not have seen his interesting comment in his recent CNBC interview that employees going to the office is a “moral issue”. In the interview, Mr. Musk opined that “I kind of think that the whole notion of work from home is […]

Mr. Musk misses the mark – getting employees to the office requires a practical solution2023-08-08T12:22:13-04:00

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

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 NYC2023-08-08T13:04:37-04:00

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

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 8/10/20222023-08-16T11:46:15-04:00

We are all Darwinians now – a good news story 11/19/2022

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 story 11/19/20222023-08-31T13:35:12-04:00

WeWork goes public; the view from our unique perch 10/21/2021

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 perch 10/21/20212023-08-31T13:44:40-04:00
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