New York
Traffic Problems in Manhattan
The New York governor’s decision to withdraw support from a Manhattan tolling program, aimed at easing traffic and generating $1 billion annually for the transit system, has alienated not only […]
Read More....Office Building Being Sold for Less than Morgage
An office building in New York City, owned by an affiliate of Related Companies, is set to be sold at a steep discount. Empire Capital Holdings and Namdar Realty Group […]
Read More....NYC Retail Market Reels After Smoke Shop Crackdown
Roll Up Nation vanished from NoHo last month, leaving behind only an expensive sound system, a few stray rolling papers, and a 1,927-square-foot epoxy mural on the ground floor retail […]
Read More....FIRE Tenants in Manhattan Show Slower Expansion
The financial industry, a cornerstone of New York City’s economy for more than a generation, is showing signs of reducing its demand for New York offices. From the pre-pandemic years […]
Read More....Loans on Office Buildings are Increasing
Sales of loans secured by struggling commercial real estate, including offices, are gaining momentum despite resulting in financial losses. Banks, in particular, are increasingly putting more loans secured by office […]
Read More....NYC Offices Turning into Residential Conversions
New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some. According to the […]
Read More....Rising Office Demand Signals Recovery Optimism
Brandywine Realty Trust CEO Jerry Sweeney doesn’t label himself an optimist regarding the “frustratingly slow” pace of the national office market’s recovery. However, as head of one of the largest […]
Read More....Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]
Read More....Price Gaps Worsening
Surprise fees persist, sneaking onto bills from concerts to dining outings. Retail analysts note a trend of companies unbundling costs, such as adding a credit card swipe fee or extra […]
Read More....Here’s the Key Driving Downtown New York’s Revival
As downtown areas rebound, attention has primarily centered on office re-openings. However, recent findings challenge this focus, revealing that nightlife and after-hours engagement are more influential in driving recovery than […]
Read More....With the FTC Banning Noncompetes, Businesses Must Adapt Quickly
The Federal Trade Commission has finalized a rule banning noncompete agreements, but businesses and managers shouldn’t rush to discard existing employment contracts. Legal challenges are expected to delay the rule’s […]
Read More....As Retail Shifts to Trendy Urban and Suburban Areas, What About Downtown Districts?
The challenges confronting America’s downtowns often stem from the considerable amount of vacant office space in towering buildings. Yet, another critical aspect of downtown revitalization involves addressing the growing vacancy […]
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