Dominique Lévy, Brett Gorvy, Amalia Dayan and Jeanne Greenberg Rohatyn will become LGDR, a one-stop shop for artists and collectors. Source: New York Times
Posts published in “Real Estate (Commercial)”
Delta Variant Casts a Shadow Over Midtown Manhattan’s Shaky Recovery
Signs of life have emerged as restaurants and stores reopen, but trouble looms as a rise in coronavirus cases delays some returns to the office. Source: New York Times
Back to Normal? It’s a Tall Order as New York City Restaurants Struggle.
Diners are flocking back this summer, but owners still have trouble hiring, stocking kitchens and paying rent. And an uncertain autumn looms. Source: New York Times
Co-Working Spaces Are Back. And There Are Many, Many Options.
As the office world adjusts to a new normal and workers grow tired of their homes, WeWork and its competitors reap the benefits. Source: New York Times
When Scaffolding Hands Them Lemons, Developers Make Lemon Trees
Construction sheds are a necessary evil, meant to protect workers and passers-by. But recent efforts have reimagined them as experiential installations. Source: New York Times
Eric Adams Has Plans for New York, Beyond Public Safety
Mr. Adams, the Democratic mayoral nominee, has stances on policing, transportation and education that suggest a shift from Mayor Bill de Blasio. Source: New York Times
Office Vacancies Soar in New York, a Dire Sign for the City’s Recovery
Nearly 19 percent of all office space in Manhattan has no tenants — the highest on record — as companies shed leases and embrace remote work. Source: New York Times
New York Faces Lasting Economic Toll Even as Pandemic Passes
The city’s prosperity is heavily dependent on patterns of work and travel that may be irreversibly altered. Source: New York Times
National Black Theater Plans Next Act in a New Harlem High-Rise
The pathbreaking company plans to replace its Harlem home with a 21-story building with apartments, retail and a new theater. Source: New York Times
A Historic Brooklyn Mansion Goes on the Market for $30 Million
The 1901 building, which faces Prospect Park, has been owned by the Brooklyn Society for Ethical Culture for 74 years and could set a borough record. Source: New York Times
A Bright Spot for Small Businesses: Deals on Manhattan Rents
Commercial landlords are negotiating, and many entrepreneurs see this as the perfect time to expand. Source: New York Times
Eugene Webb, Leading Harlem Real Estate Broker, Dies at 102
Raised in Alabama, he made his fortune in New York and became a banker, civic leader and developer. Source: New York Times
To Save Penn Station, New York Wants to Build 10 Skyscrapers
The state says revenue from the new towers can finance the rebuilding of the rail terminal. But the pandemic has upended the need for office space. Source: New York Times
‘We’re Suffering’: How Remote Work Is Killing Manhattan’s Storefronts
Landlords cut small retailers a break on rent during the pandemic, but stores are still struggling because too few office workers and tourists have returned. Source: New York Times
NYC Retail Zones: Midtown Has Been Empty, but Other Areas Have Bounced Back
Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels. Source: New York Times