Starbucks has closed more than 40 stores, while adding mobile-order pickup counters in others. Other chains like Sonic are taking advantage of vacancies to establish themselves in New York.
Tag Archives: Real Estate (Commercial)
A Plan to Hasten the Sale of Surplus Federal Property Gets Bogged Down
A little-known independent board created to expedite the disposal of unused land and buildings has been hampered by a lawsuit, staff shortages and pushback from other agencies.
Inwood Watches Closely as New Zoning Kicks In
Taller buildings are going up, but, so far, developers are making good on their promises to bring affordable housing to the neighborhood.
Rebuilding Ground Zero Was a Mess. Lower Manhattan Bloomed Anyway.
A fraught reconstruction was a missed opportunity, but it helped foster a new urbanism and a broader vision of what a neighborhood can be.
The Work-From-Home Economy and the Urban Job Outlook
Offices are unlikely to be as full after the pandemic as they were before. Service businesses and their employees will have to adapt.
Want to Solve the Housing Crisis? Build More, and Build Higher.
Down with historic preservation!
Sustainability Advocates Ask: Why Demolish When You Can Deconstruct?
More cities are adopting deconstruction ordinances that require older homes to be taken down for salvageable parts, but they face challenges in trying to expand their efforts.
Four Art Gallerists Create LGDR Consortium, Upending Traditional Model
Dominique Lévy, Brett Gorvy, Amalia Dayan and Jeanne Greenberg Rohatyn will become LGDR, a one-stop shop for artists and collectors.
How Companies Are Trying to Coax Workers Back to the Office with Beehives and Garden Plots
The latest perks include harvesting honey and digging in the dirt, part of a growing effort to give employees access to fresh air, sunlight and plants.
When Kmart Moved Out, Churches and Flea Markets Moved In
The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an affordable price.
Facing Severe Droughts, Developers Seek to Reuse the Water They Have
Water recycling in office buildings is seen as a promising sustainability effort, as well as a smart hedge against rising costs and future shortages.
A Renewal for IBM Campuses Once Home to Punch Cards and Circuit Boards
When Big Blue left upstate New York, economic pain ensued. But the large complexes left behind are ideally suited for large-scale production and shipping, local officials say.
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.
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.
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.
A Covid Epicenter Hustles Back to Life: ‘What You See, It’s Survival’
The neighborhoods in Queens that reeled during the pandemic are buzzing. But recovery feels very far away.
Minor League Parks, Stripped of America’s Pastime, Await New Fates
A reorganization by Major League Baseball has left 40 municipalities seeking long-term solutions for their abandoned stadiums.
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.
Soho China Sells to Blackstone, Cementing Owners’ Exit
The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.
A Second Life for North Carolina’s Shuttered Factories
With the rise of remote work, developers are betting they can lure young talent and raise economic prospects for the state’s depressed areas.
Investors Fret as Biden Takes Aim at a 100-Year-Old Tax Loophole
The administration wants to rein in a tax deferral on gains from the sale of real estate. Opponents worry that the move would stifle investment.
Can the Pandemic Rescue Britain’s Shopping Areas? This Town Hopes So.
In a British coastal town, a major landlord is giving away free rent for two years as part of a redevelopment plan.
China Adds More Parks to Its Cities to Raise Quality of Life
A national push to build urban parks is transforming Chinese cities, as the country tries to improve the quality of daily life.
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.
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.
Vets Go Upscale to Care for Pets (and Their Owners)
The pet boom spurred by the pandemic has brought more attention to care for our four-legged friends. Veterinary companies are opening clinics, drawing more investors to vet real estate.
As More Australians Migrate to the Coast, Development Follows
Coastal developments around Australia are booming thanks to population growth and a pandemic-related appetite to be closer to the water.
Investors Put Millions Into a Luxury Student Dorm. They Say They Were Ripped Off.
Lawyers, retirees and others who invested their savings in a luxury student dorm say two real estate firms duped them. They’re suing to recoup their money.
Nottingham’s Dilemma: Robin Hood or High Tech?
An unlamented mall in the heart of the English city is being demolished. But what should go in its place?
Second Life for Shipping Containers: Selling Bao Buns and Baked Goods
The brightly colored steel boxes are being repurposed by developers in an effort to liven up bars, cafes and restaurants inside food halls.
Helmut Jahn, ‘Convention-Busting’ Architect, Dies at 81
He helped redefine Chicago architecture with his postmodern designs of the Thompson Center and the United Airlines terminal at O’Hare International Airport. But he was also known worldwide.
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.
‘A Land Grab’ for a Piece of New York’s Marijuana Business
Cannabis companies and brokers are rushing into what could be a $4.2 billion industry, but for all the excitement, there are significant challenges.
‘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.
They Want You Back at the Office
Commercial real estate brokers tend to be chest-thumping optimists. Post-pandemic corporate life is putting that to the test.
How Data Is Changing the Way Offices Are Run
Building owners are using data collection and artificial intelligence to help control systems like heating, lighting, air quality and even the flow of workers.
Biden Administration Debating How to Overhaul a Trump-Era Tax Break
The president promised on the campaign trail to overhaul opportunity zones, which a new study suggests mostly fueled real estate investment in gentrifying areas in 2019.
Developers Flock to Cold Storage as Americans Stock Their Freezers
Companies are seeking to build, buy or invest in the sector, despite construction costs that are roughly triple that of an ordinary warehouse.
One Way to Get People Off the Streets: Buy Hotels
For homeless people, a place to live is life changing to a degree that almost no other intervention can provide.
What Will Happen to All the Empty Office Buildings and Hotels?
Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings.
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.
The Next Level in Office Amenities: Wild Horses
The mustangs at a Nevada office park are an example of the outrageous perks that businesses dangle to impress job candidates, but wildlife advocates are pushing back on efforts to market them.
After Pandemic, Shrinking Need for Office Space Could Crush Landlords
Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.
Local Alliances Put Some Cities on the Fast Track to Recovery
Economic development agencies have created comeback plans for cities like Austin, Texas, and Tucson, Ariz., positioning them to rebound from the pandemic quicker than others.
Here Come Hot Desks and Zoom Rooms. And Holograms?
As more companies consider plans to bring workers back to the office, experts say to expect expanded gathering spaces and fewer personal workstations.
How Manhattan Office Life Is Changing
Even after the pandemic ends, remote work is likely to endure, and companies are rethinking their spaces.
Remote Work Is Here to Stay. Manhattan May Never Be the Same.
New York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends.
WeWork Will Go Public in a Merger With a SPAC
The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.
Bucking the Pandemic, Austin Is ‘the Hottest Market in the Country’
The Texas city is a hot spot for commercial real estate investment and a magnet for corporations looking to move to a high-tech hub.
New York Renters in Covid Hot Spots Are Four Times More Likely to Face Eviction
An analysis of court data shows that the areas hit hardest by the virus, largely Black and Latino neighborhoods, have the most eviction cases.