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 […]
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 […]
How has the pandemic affected the different sectors of the NYC office market? As you may note from the below grid, there is a widening gulf between the top-class A buildings and lesser performing class B buildings.
The class […]
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 […]
The Bezos has spoken. Amazon’s HQ2 is officially a split-decision between Long Island City in Queens, New York, and Crystal City in Arlington, Virginia—the predictable epicenters of finance, commerce and government. The official news leaves 236 other cities feeling extremely disappointed (or even used) like they were part of some bizarre, overhyped Seinfeld finale. But what split-decision […]
Wharton Property Advisors, also known as Wharton Properties, is a New York City based office space consulting firm. Wharton specializes in office space for Finance Firms, Hedge Funds, Broker Dealers, Private Equity, Law Firms, TAMI, Consulting, Non profits, Fashion and Healthcare. They help find the right office space, negotiate office lease renewals or sublease extra […]
