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
Posts published in “Real Estate (Commercial)”
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
Hochul Amassed a Campaign Fortune. Here's Who it Came From.
By Gotham Rex on January 20, 2022
Gov. Kathy Hochul’s record-setting $21.6 million in donations flowed from a who’s who of New York’s special interests. Source: New York Times
Hyperbole or Fraud? The Question at the Heart of Trump Investigation.
By Gotham Rex on January 19, 2022
The New York attorney general has cited more than a dozen instances in which she said Donald J. Trump inflated the value of his assets, including his Trump Tower penthouse. Source: New York Times
Lionsgate Studios Yonkers Could Become the 'Burbank of New York'
By Gotham Rex on January 11, 2022
A new film and television facility, once fully open, will be ‘hands-down the largest in the Northeast,’ the leader of the project said. Source: New York Times
Trump Fraud Inquiry’s Focus: Did He Mislead His Own Accountants?
By Gotham Rex on December 14, 2021
The investigation, by the Manhattan district attorney, is zeroing in on information the former president and his company shared about the value of his assets. Source: New York Times
Cherry Lane Theater Is Back on the Market After Sale Falls Through
By Gotham Rex on November 10, 2021
It seemed as if the Lucille Lortel Theater Foundation’s purchase of the theater was a done deal in July. But now the property is back on the market. Source: New York Times
Penn Station Plan Is Revised by Hochul
By Gotham Rex on November 3, 2021
Gov. Kathy Hochul is putting her own stamp on former Gov. Andrew Cuomo’s proposal, focusing on rebuilding the huge station but putting off its expansion. Source: New York Times