The Manhattan district attorney has enlisted a former federal prosecutor who is an expert on white-collar crime to join the team investigating the Trump family business. Source: New York Times
Posts published in “Real Estate (Commercial)”
How Covid-19 Left the $25 Billion Hudson Yards Eerily Deserted
By Gotham Rex on February 6, 2021
The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers. Source: New York Times
‘One Property at a Time’: A City Tries to Revive Without Gentrifying
By Gotham Rex on February 3, 2021
Neighborhoods in Newark are beginning to see a flurry of redevelopment, a decade after the city’s downtown gained vogue. Source: New York Times
What is the Future of Offices When Workers Have a Choice?
By Gotham Rex on January 4, 2021
Some work spaces in central employment districts may become housing, and some housing in residential areas may become work spaces. Source: New York Times
New York’s Real Climate Challenge: Fixing Its Aging Buildings
By Gotham Rex on December 29, 2020
Nearly 70 percent of the city’s total carbon emissions come from buildings. A project to retrofit nine buildings with green technology is pioneering a new solution. Source: New York Times
As Customers Move Online, So Does the Holiday Shopping Season
By Gotham Rex on November 23, 2020
Empty stores are turning into fulfillment centers and the market for warehouse space is booming, as the pandemic rockets the retail industry into its e-commerce future. Source: New York Times
Sheldon H. Solow, Manhattan Real Estate Mogul, Dies at 92
By Gotham Rex on November 17, 2020
He built an empire from scratch, changing the skyline with high-end residential and office towers but leaving his crowning project unfinished. Source: New York Times
These Are the Perks Companies Use to Get Workers Back to Their Offices
By Gotham Rex on October 30, 2020
Free lunch. Discounted parking. Learning pods for children. Some New York City companies are offering incentives to workers who are required to return to the office. Source: New York Times
Manhattan Emptied Out During the Pandemic. But Big Tech Is Moving In.
By Gotham Rex on October 13, 2020
The four companies known as Big Tech — Amazon, Apple, Facebook and Google — now have more than 22,000 employees in the city, with thousands added just this year. Source: New York Times
Small Businesses Need Rent Breaks. But Landlords Are in Crisis, Too.
By Gotham Rex on September 19, 2020
Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods. Source: New York Times
Manhattan’s Office Buildings Are Empty. But for How Long?
By Gotham Rex on September 8, 2020
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. Source: New York Times
How to Choose the Right New York City Suburb
By Gotham Rex on August 7, 2020
Set your priorities — walkable town, easy commute, good schools, waterfront access or something else? Then start exploring. Source: New York Times
Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease
By Gotham Rex on August 3, 2020
Despite the pandemic, the social media giant leased all the office space in the former main post office at Penn Station in Midtown. Source: New York Times
Empty Towers, No Power Lunches: Ghostly Midtown Is Omen for N.Y.C.
By Gotham Rex on July 26, 2020
7,500 workers are missing from a famous building. A food cart sells 10 hot dogs a day. The virus’s effect on one block could be a vision of the city’s future. Source: New York Times
New York City Enters Its Broadest Reopening Yet: Offices
By Gotham Rex on June 22, 2020
As the city enters Phase 2, thousands will return to work even as many companies, worried about new cases, keep their workers home. Source: New York Times