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

The Hidden Challenge Facing WeWork

Below is an updated version of my latest Forbes.com column.

Our well-informed readers are likely aware that a couple of weeks ago, WeWork withheld interest payments due on five senior secured notes totaling approximately $95 million. In an 8-K report, WeWork stated that it has a 30-day grace period to make the payments before an event […]

The Hidden Challenge Facing WeWork2023-11-06T13:45:52-05:00

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

Power to the Pedestrians

There has been a lot going on lately, so it is possible that even our well-informed readers missed the interesting news that in a special referendum in Paris, local citizens voted overwhelmingly to ban rented e-scooters by 89-11%. Apparently, the chaos and accidents caused by these motorized menaces was too much for Parisian pedestrians to […]

Power to the Pedestrians2023-08-08T12:26:16-04:00

How New York Avoids the Doom Loop

Last week there was an article in the New York Times profiling Columbia Business School professor Stijn Van Nieuwerburgh, who is concerned about a potential “doom loop“ for New York City arising from the decline of the office sector. A couple of days later Bloomberg reported a that a recent study by Stanford work from […]

How New York Avoids the Doom Loop2023-08-08T12:29:54-04:00

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

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/2022

I am pleased to pass on that the Real Estate Board of New York (REBNY) is considering Wharton Property Advisors in its annual competition for the Most Ingenious Deal of the Year for 2021. Please see the click-through sent by REBNY at the bottom of this e-mail for additional details.

We have three deals that have been submitted […]

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/20222023-08-31T13:04:49-04:00

Our 5 Point Plan to Protect Office Tenants Against Inflation 3/23/2022

While we often comment on broader trends in real estate and the NYC economy, it is also important to go back to basics from time to time. As everyone is aware, the effects of inflation are being felt in both our business and consumer lives. Commercial real estate is no exception due to increased […]

Our 5 Point Plan to Protect Office Tenants Against Inflation 3/23/20222023-08-31T13:11:48-04:00

How to Revive NYC’s Central Business Districts 2/08/2022

Anyone who has recently walked through the main business districts in New York City can’t help but be shocked. In areas such as Grand Central, Midtown East, Penn Station and Wall Street there are numerous restaurants, shops and hotels which are closed, and the streets are desolate. This comes as no surprise […]

How to Revive NYC’s Central Business Districts 2/08/20222023-08-31T13:16:02-04:00
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