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.
Tag Archives: Real Estate (Commercial)
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.
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.
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.
Get In, We’re Going to Save the Mall
Shopping malls across the country are closing. But the mall was designed for change.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.