In Buffalo, New Apartments Sprout Up in Vacant Warehouses

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.

#area-planning-and-renewal, #buffalo-ny, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

Nancy Pelosi’s Napa: Wealthy Friends and a Husband’s Porsche Crash

An accident shines a light on the House speaker’s California life among the vineyards.

#campaign-finance, #drunken-and-reckless-driving, #high-net-worth-individuals, #napa-calif, #newsom-gavin, #pacific-heights-san-francisco-calif, #parties-social, #pelosi-nancy, #pelosi-paul, #real-estate-commercial, #san-francisco-calif, #traffic-accidents-and-safety, #united-states-politics-and-government

China’s Once-Sizzling Property Market Has Started to Cool

New home prices in China have fallen, and would-be buyers are thinking twice. That’s bad news for the overall economy.

#china, #china-vanke-co-ltd, #economic-conditions-and-trends, #politics-and-government, #real-estate-commercial, #real-estate-and-housing-residential

Developers Embrace Passion for Pickleball

The growing sport has lured investors eager to cash in on its popularity, opening courts in former warehouses and vacant big-box stores, and adding food and other entertainment options.

#bars-and-nightclubs, #parks-and-other-recreation-areas, #pickleball-sport, #real-estate-commercial

Get In, We’re Going to Save the Mall

Shopping malls across the country are closing. But the mall was designed for change.

#architecture, #halprin-lawrence, #real-estate-commercial, #shopping-and-retail, #shopping-centers-and-malls, #suburbs, #thompson-jane-1927-2016

Midtown Manhattan Has a Pulse Again

Tourists, office workers and New Yorkers from other neighborhoods are returning to — and enjoying — the heart of the city.

#bryant-park-manhattan-ny, #coronavirus-return-to-office, #garment-district-manhattan-ny, #midtown-area-manhattan-ny, #real-estate-commercial, #rockefeller-center-manhattan-ny, #shutdowns-institutional, #times-square-and-42nd-street-manhattan-ny, #travel-and-vacations

Cryptocurrency Firms Expand Physical Footprint in New York

Cryptocurrency firms have been setting up or expanding office space in New York, but the recent market turbulence could hamper their longevity.

#nonfungible-tokens-nfts, #real-estate-commercial, #virtual-currency

N.Y.C. Companies Are Opening Offices Where Their Workers Live: Brooklyn

As workers return to the office, some companies have relocated to ease the commute.

#adams-eric-l, #brooklyn-nyc, #commuting, #coronavirus-return-to-office, #hochul-kathleen-c, #manhattan-nyc, #real-estate-commercial, #relocation-of-business, #renting-and-leasing-real-estate, #two-trees-management

How a 7,000-Ton Broadway Theater Was Hoisted 30 Feet

The Beaux-Arts interior of the Palace Theater is a protected landmark, so developers had to devise a plan to raise it three stories in their effort to add more retail space.

#building-construction, #historic-buildings-and-sites, #palace-theater, #real-estate-commercial, #times-square-and-42nd-street-manhattan-ny

For New York to Get Better, Times Square Has to Get Worse

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.

#coronavirus-return-to-office, #economic-conditions-and-trends, #nycco, #palace-theater, #real-estate-commercial, #renting-and-leasing-real-estate, #rxr-realty, #times-square-and-42nd-street-manhattan-ny

Start-Ups Flock to WeWork, Trellis and Other Low-Commitment Spaces

The pandemic’s arrival turned spaces like WeWork into ghost towns. Now people are lining up for low-commitment offices, and providers are working to sustain that trend.

#canopy-space-inc, #co-working, #coronavirus-return-to-office, #landlords, #real-estate-commercial, #renting-and-leasing-real-estate, #san-francisco-bay-area-calif, #start-ups, #wework-companies-inc, #workplace-environment

Vacationers Turned the Hamptons Into a Year-Round Home. Business Followed.

The operators and owners of businesses that have expanded or opened new locations in the summer resort towns talked about why they made the move.

#amagansett-ny, #bridgehampton-ny, #douglas-elliman-real-estate, #east-hampton-ny, #hamptons-ny, #health-insurance-and-managed-care, #long-island-ny, #montauk-ny, #new-york-university-langone-health, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #relocation-of-business, #southampton-ny, #summer-season, #weill-cornell-medical-college, #westhampton-ny

Trump Completes Sale of Washington Hotel to Investor Group

The favored gathering place of Trump supporters — and a magnet for conflict of interest questions — will become a Waldorf Astoria.

#conflicts-of-interest, #real-estate-commercial, #trump-international-hotel-washington-dc, #trump-organization, #trump-donald-j, #united-states-politics-and-government

When the Textile Industry Was Forced Out of the Textile Building

Companies may have lost their showroom hub, but low rents in Midtown, caused by the pandemic, allowed many of them to relocate.

#carpets-and-rugs, #fifth-avenue-manhattan-ny, #historic-buildings-and-sites, #international-trade-and-world-market, #manhattan-nyc, #real-estate-commercial, #relocation-of-business, #renting-and-leasing-real-estate, #textiles

Chinatown Civic Groups Seek Reinvention, With Neighborhood’s Future at Stake

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.

#asian-americans-for-equality, #chinese-consolidated-benevolent-assn, #chinese-americans, #gentrification, #manhattan-nyc, #new-york-city, #organizations-societies-and-clubs, #real-estate-commercial, #real-estate-and-housing-residential, #small-property-owners-of-new-york

Climate-Change Risks Get the Attention of Real Estate Investors

They are thinking more seriously about flooding, but a lack of established standards for assessing development projects is challenging their efforts.

#area-planning-and-renewal, #floods, #global-warming, #real-estate-commercial, #real-estate-and-housing-residential, #sustainable-living

Construction Defects Emerge at Pandemic-Era New Developments

Complaints of poor construction are on the rise in new luxury rental and condo buildings, after two chaotic years of New York real estate amid the pandemic.

#building-construction, #condominiums, #coronavirus-2019-ncov, #floods, #long-island-city-queens-ny, #real-estate-commercial, #real-estate-and-housing-residential, #ryan-serhant, #soho-manhattan-ny, #suits-and-litigation-civil, #supply-chain

Amid Soaring Demand for Warehouses, an Effort to Make Them Greener

Some owners are taking steps to make their buildings more energy efficient, including upgrading building materials and turning the rooftops into solar farms.

#electric-light-and-power, #greenhouse-gas-emissions, #real-estate-commercial, #renting-and-leasing-real-estate, #roofs, #solar-energy, #warehouses

As Remote Work Becomes Permanent, Can Manhattan Adapt?

With more companies adopting hybrid work, New York City’s economy, which relies on commuters and full office buildings, faces an uncertain future.

#adams-eric-l, #coronavirus-2019-ncov, #coronavirus-return-to-office, #dimon-james, #economic-conditions-and-trends, #hochul-kathleen-c, #jpmorgan-chasecompany, #manhattan-nyc, #new-york-city, #penguin-random-house, #pricewaterhousecoopers, #quarantine-life-and-culture, #real-estate-commercial, #skillshare-inc, #verizon-communications-inc, #workplace-environment, #zillow-com

A Super Building for Fragile Times

The Oregon State Treasury is moving into a newly constructed structure designed to withstand every disaster the designers could conjure.

#building-construction, #disasters-and-emergencies, #engineering-and-engineers, #oregon-state-treasury, #real-estate-commercial

Vertical Farms Expand as Demand for Year-Round Produce Grows

The industry is expected to grow to $9.7 billion worldwide by 2026, but it faces challenges, including high energy costs, technological limitations and the ability to scale.

#agriculture-and-farming, #bowery-farming-inc, #brightfarms-inc, #fruit, #greenhouses, #kalera-inc, #light-emitting-diodes, #plenty-unlimited-inc, #real-estate-commercial, #united-states, #vegetables, #warehouses

Developers Fight to Keep 421a Tax Break Amid N.Y.C. Housing Crisis

Few big residential projects have been built without the break, known as 421a, which now costs the city $1.77 billion in lost tax revenue every year.

#affordable-housing, #building-construction, #condominiums, #furman-center-for-real-estate-and-urban-policy, #new-york-city, #one57-manhattan-ny-apartments, #property-taxes, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #tax-credits-deductions-and-exemptions, #tishman-speyer-properties

Developers Fight to Keep 421a Tax Break Amid N.Y.C. Housing Crisis

Few big residential projects have been built without the break, known as 421a, which now costs the city $1.77 billion in lost tax revenue every year.

#affordable-housing, #building-construction, #condominiums, #furman-center-for-real-estate-and-urban-policy, #new-york-city, #one57-manhattan-ny-apartments, #property-taxes, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #tax-credits-deductions-and-exemptions, #tishman-speyer-properties

Online Brands Try a Traditional Marketing Strategy: Physical Stores

As digital advertising costs rise, more direct-to-consumer retailers are opening shops, leasing turnkey options or securing short-term spaces in other stores.

#advertising-and-marketing, #coronavirus-2019-ncov, #e-commerce, #entrepreneurship, #real-estate-commercial, #renting-and-leasing-real-estate, #shopping-and-retail

Warehouses Transform N.Y.C. Neighborhoods as E-Commerce Booms

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.

#amazon-com-inc, #building-construction, #connecticut, #delivery-services, #e-commerce, #long-island-ny, #new-jersey, #new-york-city, #northeastern-states-us, #real-estate-commercial, #red-hook-brooklyn-ny, #shopping-and-retail, #supply-chain, #united-parcel-service-inc, #warehouses

The Next Level in Sustainability: Nature Restoration

Developers are no longer aiming to simply preserve nature, but are actively restoring it as a selling point for their projects.

#area-planning-and-renewal, #expedia-inc, #parks-and-other-recreation-areas, #real-estate-commercial, #real-estate-and-housing-residential, #sustainable-living

Creeks, Once Overlooked, Are Now Seen as Assets for Urban Renewal

Developers have recently realized the value of even the most minor waterways for commerce, but experts advise caution because of flooding risks.

#area-planning-and-renewal, #floods, #global-warming, #real-estate-commercial, #trotwood-ohio

New Amazon Headquarters Sparks Feud Among Indigenous South Africans

The development, still under construction, sits on sacred land in Cape Town. But some Indigenous leaders have allied with the developers, prompting a debate over who speaks for First Nations people.

#amazon-com-inc, #cape-town-south-africa, #historic-buildings-and-sites, #indigenous-people, #real-estate-commercial

An Art-World Capital, With Few Places for Artists to Work

A new London exhibition celebrates the creativity of artists in their studios. But ateliers in the city are vanishing, and artists are being pushed out.

#art, #bacon-francis, #gentrification, #london-england, #real-estate-commercial, #whitechapel-gallery

Say Hello Again to the Office, Fingers Crossed

Antsy executives have a message for their employees: Plans to return to in-person work are real this time.

#american-express-company, #bank-of-new-york-mellon-corporation, #chevron-corporation, #coronavirus-reopenings, #coronavirus-return-to-office, #express-employment-professionals, #goldman-sachs-group-inc, #google-inc, #gorman-james-p, #intuit-inc, #jefferies-group-inc, #jpmorgan-chasecompany, #meta-platforms-inc, #microsoft-corp, #midtown-area-manhattan-ny, #morgan-stanley, #partnership-for-new-york-city, #quarantine-life-and-culture, #real-estate-commercial, #telecommuting, #workplace-environment, #wylde-kathryn-s

To Fill Empty Retail Space, Landlords Tap Doctors and Dentists

Health care providers are increasingly opening offices and clinics in street-level storefronts, malls and shopping centers, taking advantage of rents depressed by the pandemic.

#coronavirus-2019-ncov, #emergency-medical-treatment, #landlords, #mixed-use-developments, #real-estate-commercial, #relocation-of-business, #shopping-and-retail, #shopping-centers-and-malls

Big Tech Makes a Big Bet: Offices Are Still the Future

Even as they allow some employees to change how often they come into the office, tech companies are rapidly buying and leasing properties around the country.

#amazon-com-inc, #coronavirus-return-to-office, #facebook-inc, #google-inc, #meta-platforms-inc, #real-estate-commercial, #renting-and-leasing-real-estate, #salesforce-com-inc, #wework-companies-inc, #zynga-inc

Spokane was the Next Affordable City. Now, It’s Too Expensive.

In Spokane, Wash., home prices jumped 60 percent in the past two years. The increase is fueled by buyers fleeing the boom in cities like Austin. Who will have to flee next?

#area-planning-and-renewal, #homeless-persons, #politics-and-government, #prices-fares-fees-and-rates, #real-estate-commercial, #real-estate-and-housing-residential, #relocation-of-business, #renting-and-leasing-real-estate, #spokane-wash, #united-states

Warehouse Space Is the Latest Thing Being Hoarded

Logistics firms are finding new options to deal with a scarcity of storage, including building multistory facilities and choosing locations farther from coastal ports.

#coronavirus-2019-ncov, #e-commerce, #prologis-inc, #real-estate-commercial, #relocation-of-business, #stockpiling, #storage, #supply-chain, #trucks-and-trucking, #warehouses

N.Y.C. Struggles To Recover After Omicron Cases Surge

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.

#adams-eric-l, #coronavirus-2019-ncov, #coronavirus-omicron-variant, #coronavirus-return-to-office, #douglas-elliman-real-estate, #economic-conditions-and-trends, #goldman-sachs-group-inc, #independent-budget-office, #jpmorgan-chasecompany, #labor-and-jobs, #new-york-city, #partnership-for-new-york-city, #quarantine-life-and-culture, #real-estate-commercial, #shutdowns-institutional, #zandi-mark

John Arrillaga Sr., Who Helped Build Silicon Valley, Dies at 84

Starting in the 1960s, he developed the area’s farmland into office parks that housed fast-growing technology companies.

#arrillaga-john-sr-1937-2022, #colleges-and-universities, #computers-and-the-internet, #deaths-obituaries, #peery-arrillaga-real-estate-firm, #philanthropy, #real-estate-commercial, #silicon-valley-calif, #stanford-university

Kohl’s Receives $9 Billion Offer Backed by Activist Investor

The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites.

#acacia-research-acacia-technologies, #bankruptcies, #e-commerce, #kohls-corporation, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #shopping-and-retail, #starboard-value-lp, #stocks-and-bonds, #supply-chain

Why the Costumer of ‘The Gilded Age’ Is Being Driven Out of Business

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.

#content-type-personal-profile, #coronavirus-2019-ncov, #costumes, #fashion-and-apparel, #movies, #new-york-city, #real-estate-commercial, #television, #theater, #uffner-helen, #uffner-helen-vintage-clothing-llc, #warehouses

How Remote Work is Crippling New York City’s Commuter Rails

Before the pandemic, they relied on office workers, who paid up to $500 a month on tickets. At the M.T.A., those sales are down 75 percent.

#commuting, #connecticut, #coronavirus-return-to-office, #long-island-rail-road-co, #metro-north-commuter-railroad, #metropolitan-transportation-authority, #new-jersey, #new-york-city, #port-authority-trans-hudson-path, #real-estate-commercial, #solomon-partners, #transit-systems

Hyperbole or Fraud? The Question at the Heart of Trump Investigation.

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.

#appraisals-and-valuation-property, #frauds-and-swindling, #james-letitia, #manhattan-nyc, #real-estate-commercial, #real-estate-and-housing-residential, #suits-and-litigation-civil, #tax-evasion, #trump-organization, #trump-tower-manhattan-ny, #trump-donald-j, #trump-donald-j-jr, #trump-eric-f-1984, #trump-ivanka

Building Apps Help Make the Office Return a Touch-Free Experience

Mobile apps for office buildings have become popular as employers try to entice staff back on site by making work-related tasks convenient and safe.

#coronavirus-2019-ncov, #coronavirus-return-to-office, #mobile-applications, #privacy, #real-estate-commercial, #transwestern-development-co, #workplace-environment

Dorms Pop Up in Spain as More Students Seek Housing Away From Home

The country’s student population has become increasingly mobile, fueling investments in accommodations, largely funded by foreign capital.

#dormitories, #foreign-investments, #international-study-and-teaching, #malaga-spain, #real-estate-commercial, #real-estate-and-housing-residential, #spain

Lionsgate Studios Yonkers Could Become the ‘Burbank of New York’

A new film and television facility, once fully open, will be ‘hands-down the largest in the Northeast,’ the leader of the project said.

#empire-state-development-corp, #labor-and-jobs, #lionsgate-studios-yonkers, #movies, #real-estate-commercial, #robert-halmi-jr, #television, #yonkers-ny

With Property Sales Plunging, China Evergrande Faces More Protests

The developer has tried for months to signal that its $300 billion debt problem was under control. But the challenges keep mounting.

#china, #china-evergrande-group, #credit-and-debt, #demonstrations-protests-and-riots, #foreign-investments, #guangzhou-china, #hainan-island-china, #hong-kong-stock-exchange, #real-estate-commercial

Air Filters and Outdoor Spaces: Office Costs Rise as Workers Return

Building owners may have saved on maintenance when their offices were dark, but new pandemic-related costs are being added to the bill.

#cleaning-services, #coronavirus-return-to-office, #coronavirus-risks-and-safety-concerns, #heating-ventilation-and-cooling-hvac, #real-estate-commercial, #workplace-environment, #workplace-hazards-and-violations

Trump Fraud Inquiry’s Focus: Did He Mislead His Own Accountants?

The investigation, by the Manhattan district attorney, is zeroing in on financial records the former president and his company sent to lenders.

#accounting-and-accountants, #appraisals-and-valuation-property, #cohen-michael-d-1966, #frauds-and-swindling, #manhattan-nyc, #mazars-usa, #real-estate-commercial, #trump-organization, #trump-tower-manhattan-ny, #trump-donald-j, #vance-cyrus-r-jr

Seeking Space for Solar Farms, Cities Find Room at Their Airports

Airports around the nation are installing solar arrays on unused land, roofs and parking garages, helping them achieve self-sufficiency while also providing power to their communities.

#airports, #citiesfortomorrow, #real-estate-commercial, #solar-energy

Investors Snap Up Metaverse Real Estate in a Virtual Land Boom

Transactions for properties in digital realms are jumping, guided by the same principle in the physical world: location, location, location.

#blockchain-technology, #nonfungible-tokens-nfts, #real-estate-commercial, #shopping-centers-and-malls, #virtual-currency, #virtual-reality-computers

Revitalizing Black Neighborhoods by Preserving Their History

Developers are repurposing deteriorated structures in historically significant areas in an effort to incorporate spaces for the arts, affordable housing and small businesses under one roof.

#affordable-housing, #area-planning-and-renewal, #atlanta-ga, #black-people, #buildings-structures, #culture-arts, #historic-buildings-and-sites, #memphis-tenn, #oakland-calif, #real-estate-commercial, #restoration-and-renovation, #united-states

Developers Build More Net Zero Homes as Climate Concerns Grow

Demand for residences that produce as much energy as they consume is being spurred by climate concerns, consumer appetite and more affordable solar technology.

#building-construction, #real-estate-commercial, #real-estate-and-housing-residential, #solar-energy, #sustainable-living