The firm, Cushman & Wakefield, was ordered to pay $10,000 a day until it complies with a subpoena. It appraised several Trump properties that are at the center of the New York attorney general’s investigation. Source: New York Times
Posts published in “Real Estate (Commercial)”
Lonely Last Days in the Suburban Office Park
By Gotham Rex on July 5, 2022
Yes, downtown offices are struggling. But there is a different kind of emptiness in suburban settings that were already isolated and lightly populated by design. Source: New York Times
In Buffalo, New Apartments Sprout Up in Vacant Warehouses
By Gotham Rex on July 3, 2022
A decade-long effort to transform industrial relics is showing signs of progress and expanding the city’s population for the first time in 70 years. Source: New York Times
Chair Stalking Returns to Bryant Park as Midtown Begins to Perk Up
By Gotham Rex on June 10, 2022
Despite the patchy way in which workers are going back to their offices, the heart of New York City is starting to resemble itself in some ways. Source: New York Times
Lawrence D. Ackman, a Cityscape’s Financier, Dies at 83
By Gotham Rex on June 8, 2022
A behind-the-scenes power in New York, he helped the city’s leading developers fulfill their skyscraping ambitions. Source: New York Times
N.Y.C. Companies Are Opening Offices Where Their Workers Live: Brooklyn
By Gotham Rex on May 30, 2022
As workers return to the office, some companies have relocated to ease the commute. Source: New York Times
For New York to Get Better, Times Square Has to Get Worse
By Gotham Rex on May 28, 2022
The economic future of New York depends on everyone coming back, not just the tourists. Too bad office workers don’t want to join them. Source: New York Times
Taxpayers May Foot Bill for Penn Station Revitalization, Report Says
By Gotham Rex on May 9, 2022
New York State wants to rebuild the transit hub in Midtown Manhattan and pay for the improvements through a larger real estate development. Source: New York Times
Chinatown Civic Groups Seek Reinvention, With Neighborhood’s Future at Stake
By Gotham Rex on April 23, 2022
The groups have held back gentrification in an area surrounded by development. The future of one of Manhattan’s few working-class neighborhoods is at stake. Source: New York Times
The Ups and Downs of Remote Work in New York
By Gotham Rex on April 12, 2022
People like working in their pajamas. But when employees don’t return to office, the city economy feels the pain. Source: New York Times
As Remote Work Becomes Permanent, Can Manhattan Adapt?
By Gotham Rex on April 11, 2022
With more companies adopting hybrid work, New York City’s economy, which relies on commuters and full office buildings, faces an uncertain future. Source: New York Times
Warehouses Transform N.Y.C. Neighborhoods as E-Commerce Booms
By Gotham Rex on March 16, 2022
The region is home to the largest concentration of online shoppers in the country. The facilities, key to delivering packages on time, are reshaping neighborhoods. Source: New York Times
N.Y.C. Struggles To Recover After Omicron Cases Surge
By Gotham Rex on January 28, 2022
The economic disruptions of the latest Covid wave have hurt blue-collar workers the most, even as Wall Street profits, rents and home sales are soaring. Source: New York Times
How Remote Work Is Devastating New York City’s Commuter Rails
By Gotham Rex on January 21, 2022
Before the pandemic, they relied on office workers, who spent up to $500 a month on tickets. At the M.T.A., those sales are down 75 percent. Source: New York Times
Why the Costumer of 'The Gilded Age' Is Being Driven Out of Business
By Gotham Rex on January 21, 2022
Helen Uffner has dressed Broadway, Hollywood and TV shows for more than 40 years. But high-rise developers and Amazon distribution centers are making it impossible to store her extraordinary vintage collection. Source: New York Times