As Customers Move Online, So Does the Holiday Shopping Season

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.

#amazon-com-inc, #coronavirus-2019-ncov, #e-commerce, #macys-inc, #real-estate-commercial, #shopping-and-retail, #shopping-centers-and-malls, #walmart-stores-inc

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State and City Governments Are Too Big to Fail

Together, they employ about 23 million essential workers. But the pandemic has pushed them to the brink. President-elect Biden needs to step in now.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #metropolitan-transportation-authority, #new-york-city, #new-york-state, #politics-and-government, #property-taxes, #real-estate-commercial, #states-us, #stimulus-economic, #united-states-politics-and-government

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Sheldon H. Solow, Manhattan Real Estate Mogul, Dies at 92

He built an empire from scratch, changing the skyline with high-end residential and office towers but leaving his crowning project unfinished.

#deaths-obituaries, #new-york-city, #real-estate-commercial, #real-estate-and-housing-residential, #solow-sheldon-h

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As Occupancy Dwindles, College Dorms Go Beyond Students

Real estate developers are seeking opportunities to buy student housing from strapped universities and convert them into apartments for white-collar workers.

#colleges-and-universities, #coronavirus-2019-ncov, #dormitories, #real-estate-commercial, #real-estate-and-housing-residential

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Maintenance Fees for Some Co-ops Rise to Cover Lost Commercial Rent

As the pandemic has wrought havoc on the economy, many New York stores have been unable to pay the rent, forcing co-ops to pick up the slack.

#quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #shopping-and-retail

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An Ohio Mill Town Lost Its Identity. Can Youth Sports Restore It?

Hoping to reinvent itself, Hamilton turned to art and even punctuation. Now a huge sports complex may bring it new purpose.

#athletics-and-sports, #hamilton-ohio, #real-estate-commercial, #relocation-of-business, #shutdowns-institutional, #stadiums-and-arenas

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The Capital of Sprawl Gets a Radically Car-Free Neighborhood

On an empty lot near Phoenix, perhaps the most auto-addicted city in America, a start-up is betting $170 million on a more walkable future.

#arizona, #heatstroke, #phoenix-ariz, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #sustainable-living, #tempe-ariz

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How a Century of Real-Estate Tax Breaks Enriched Donald Trump

The real estate industry has long enjoyed uniquely favorable tax treatment — thanks in part to Mr. Trump’s actions before and after he became president.

#federal-taxes-us, #income-tax, #presidential-election-of-2016, #presidential-election-of-2020, #real-estate-commercial, #tax-credits-deductions-and-exemptions, #tax-shelters, #taxation, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

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In Brooklyn, a Ghost of Breweries Past

Remnants of 19th-century Bushwick still exist at the William Ulmer Brewery. A castle-like, two-story office is on the market as residences, while other plans have been stalled by the pandemic.

#beer, #bushwick-brooklyn-ny, #historic-buildings-and-sites, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #restoration-and-renovation, #william-ulmer-brewery

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These Are the Perks Companies Use to Get Workers Back to Their Offices

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.

#coronavirus-2019-ncov, #corporations, #hudson-yards-manhattan-ny, #manhattan-nyc, #midtown-area-manhattan-ny, #new-york-city, #real-estate-commercial, #sl-green-realty-corporation

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Vote for Progressive Taxation in California, Illinois and Arizona

The people of Illinois, Arizona and California have a chance to make the distribution of state taxation a little more fair.

#arizona, #california, #illinois, #income-inequality, #income-tax, #real-estate-commercial, #referendums, #taxation

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California Tax Revolt Faces a Retreat, 40 Years Later

Proposition 13 in 1978 curbed property tax increases. Now voters may strip protection for commercial buildings, helping hard-hit local budgets.

#budgets-and-budgeting, #california, #coronavirus-2019-ncov, #jarvis-howard-1903-86, #landlords, #local-government, #political-advertising, #property-taxes, #real-estate-commercial, #real-estate-and-housing-residential, #recession-and-depression, #referendums, #small-business

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In a Battered New York Office Market, Life Science Is Flourishing

With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine.

#biotechnology-and-bioengineering, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #laboratories-and-scientific-equipment, #real-estate-commercial, #science-and-technology

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Manhattan Emptied Out During the Pandemic. But Big Tech Is Moving In.

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.

#amazon-com-inc, #apple-inc, #coronavirus-2019-ncov, #e-commerce, #facebook-inc, #google-inc, #labor-and-jobs, #mongodb-inc, #new-york-city, #real-estate-commercial, #renting-and-leasing-real-estate

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On the Hunt for Office Space, Companies Stay Low to the Ground

Groundscrapers have been considered less exalted than their soaring brethren, but their ability to house an entire company on a single floor has made them more desirable in the pandemic.

#coronavirus-2019-ncov, #historic-buildings-and-sites, #real-estate-commercial, #restoration-and-renovation, #workplace-environment

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New York’s Commercial Rents Are ‘Too Damn High’

They’re making it harder for the city to recover. Here’s how to lower them.

#landlords, #mortgages, #new-york-city, #real-estate-commercial

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Once a Hotel Suite, Now an Office Space

As the hospitality industry grapples with a severe downturn, owners are turning hotels into offices, schools, emergency housing, wedding halls or homeless shelters.

#coronavirus-2019-ncov, #hotels-and-travel-lodgings, #real-estate-commercial, #restoration-and-renovation

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Times Square, Grand Central and the Laws That Build the City

A virtual tour looks at the legal battles and innovations behind 42nd Street. Our critic chats with the Harvard professor Jerold S. Kayden.

#architecture, #area-planning-and-renewal, #bryant-park-manhattan-ny, #eminent-domain, #ford-foundation, #grand-central-terminal-manhattan-ny, #historic-buildings-and-sites, #land-use-policies, #midtown-area-manhattan-ny, #new-york-times, #parks-and-other-recreation-areas, #pennsylvania-station-manhattan-ny, #privately-owned-public-spaces, #real-estate-commercial, #times-square-and-42nd-street-manhattan-ny, #zoning

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As Concerns Over Climate Change Rise, More Developers Turn to Wood

With environmental benefits and lower labor costs, mass timber has grown into a market that could rival steel and concrete in the construction industry.

#building-construction, #buildings-structures, #forests-and-forestry, #greenhouse-gas-emissions, #real-estate-commercial, #real-estate-and-housing-residential, #wood-and-wood-products

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Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.

#bensonhurst-brooklyn-ny, #chelsea-manhattan-ny, #morris-park-bronx-ny, #real-estate-commercial, #real-estate-and-housing-residential

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Small Businesses Need Rent Breaks. But Landlords Are in Crisis, Too.

Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods.

#coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #cushmanwakefield-inc, #landlords, #new-york-city, #real-estate-commercial, #renting-and-leasing-real-estate, #restaurants, #shopping-and-retail, #stulman-gabriel

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New Development Tests Madrid’s Preservation, and Coronavirus Response

The Canalejas project, a showcase for the city’s growth as an attraction, is opening amid concerns about protecting cultural heritage and a rise in coronavirus cases.

#architecture, #coronavirus-2019-ncov, #four-seasons-hotels-ltd, #historic-buildings-and-sites, #hotels-and-travel-lodgings, #madrid-spain, #real-estate-commercial, #travel-and-vacations

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London Offices Aren’t Refilling Fast Enough for Shops Relying on Them

The British government and business lobby want workers to return to support surrounding businesses, but some city offices are only 15 percent full.

#coronavirus-2019-ncov, #dentons-llp, #economic-conditions-and-trends, #goldman-sachs-group-inc, #great-britain, #london-england, #quarantines, #real-estate-commercial, #schroders, #shopping-and-retail, #small-business, #telecommuting

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Manhattan’s Office Buildings Are Empty. But for How Long?

As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes.

#co-working, #coronavirus-2019-ncov, #economic-conditions-and-trends, #empire-state-realty-trust-inc, #landlords, #manhattan-nyc, #new-york-city, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #wework-companies-inc

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The Service Economy Meltdown

As companies reconsider their long-term need to have employees on site, low-wage workers depending on office-based businesses stand to lose the most.

#building-service-employees, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #quarantine-life-and-culture, #real-estate-commercial, #shutdowns-institutional, #telecommuting, #unemployment, #united-states-economy, #urban-areas

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How to Avoid a Post-Recession Feeding Frenzy by Private Developers

Using land trusts and land banks to develop distressed properties creates growth and equity.

#city-council-nyc, #coronavirus-2019-ncov, #foreclosures, #land-use-policies, #mitchell-lama-projects, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #small-business, #subprime-mortgage-crisis, #tax-credits-deductions-and-exemptions

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In Coming Wave of Pandemic-Induced Vacancies, Some See Opportunity

As the outlook for retail, hotel and office space shifts, some developers are already planning to convert empty properties to new uses.

#area-planning-and-renewal, #building-construction, #coronavirus-2019-ncov, #real-estate-commercial, #real-estate-and-housing-residential

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N.Y.S. A.G. Investigates Whether Trump Organization Improperly Inflated Property Values

The New York State attorney general is investigating whether the president and the Trump Organization improperly inflated the value of his holdings.

#appraisals-and-valuation-property, #cohen-michael-d-1966, #deutsche-bank-ag, #frauds-and-swindling, #james-letitia, #morgan-lewisbockius, #real-estate-commercial, #tax-evasion, #trump-organization, #trump-donald-j, #trump-eric-f-1984, #vance-cyrus-r-jr

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For Tiffany & Co., a Rooftop Addition Wrapped in Glass

The famed flagship store on Fifth Avenue and 57th Street is undergoing a renovation and is expected to reopen in the spring of 2022.

#architecture, #fifth-avenue-manhattan-ny, #krakoff-reed, #oma-office-for-metropolitan-architecture, #real-estate-commercial, #restoration-and-renovation, #shopping-and-retail, #tiffany-charles-lewis, #tiffanycompany

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As Amenities Sit Unused, Airports Reconsider Their Design

Airports have some of the most lucrative square footage in the world, but the pandemic has crushed that calculus.

#airports, #coronavirus-2019-ncov, #quarantines, #real-estate-commercial, #shopping-and-retail, #shutdowns-institutional

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Worried Lenders Pounce on Landlords Unable to Pay Their Loans

Some hedge funds and private equity firms that lent money to property owners are now suing them for falling behind on interest payments.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #foreclosures, #hedge-funds, #kushner-cos, #mark-hotel-manhattan-ny-hotel, #mortgages, #private-equity, #real-estate-commercial, #suits-and-litigation-civil

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Concrete, a Centuries-Old Material, Gets a New Recipe

A building block in most construction projects, concrete is responsible for about 8 percent of global carbon emissions. Several companies are working to create a greener mix.

#building-construction, #cement, #concrete, #greenhouse-gas-emissions, #real-estate-commercial

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Retail Chains Abandon Manhattan: ‘It’s Unsustainable’

Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.

#ark-restaurants-corp, #bryant-park-grill, #coronavirus-reopenings, #economic-conditions-and-trends, #fast-food-industry, #labor-and-jobs, #landlords, #neiman-marcus-group, #new-york-city, #real-estate-commercial, #restaurants, #shopping-and-retail, #shopping-centers-and-malls, #tgi-fridays, #victorias-secret

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How to Choose the Right New York City Suburb

Set your priorities — walkable town, easy commute, good schools, waterfront access or something else? Then start exploring.

#carmel-ny, #coronavirus-reopenings, #glen-ridge-nj, #great-neck-ny, #hartsdale-ny, #katonah-ny, #north-salem-ny, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #valley-stream-ny, #west-hartford-conn

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For Robots, It’s a Time to Shine (and Maybe Disinfect)

The pandemic has turned cleaning and other mundane building tasks into a challenge, stoking interest in machines as cost-effective solutions.

#coronavirus-2019-ncov, #real-estate-commercial, #robots-and-robotics

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Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease

Despite the pandemic, the social media giant leased all the office space in the former main post office at Penn Station in Midtown.

#facebook-inc, #farley-james-a-general-post-office-manhattan-ny, #midtown-area-manhattan-ny, #real-estate-commercial

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A Better Year for Trump’s Family Business (Last Year, That Is)

In 2019, the Trump Organization showed improvement over the previous year. But the company’s minimum reported revenues still fell short of the president’s first year in office, his new financial disclosure shows.

#company-reports, #coronavirus-2019-ncov, #hotels-and-travel-lodgings, #real-estate-commercial, #shutdowns-institutional, #trump-organization, #trump-donald-j, #united-states-politics-and-government

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Urban Explorers Give Modern Ruins a Second Life

In photos and videos, researchers and thrill-seekers celebrate the allure of abandoned schools, factories, hotels, movie palaces and other forgotten properties.

#abandoned-america, #art, #bright-sun-films, #bryan-weissman, #documentary-films-and-programs, #drew-scavello, #historic-buildings-and-sites, #jake-williams, #matthew-christopher, #michael-berindei, #philadelphia-pa, #photography, #real-estate-commercial, #shutdowns-institutional, #the-proper-people, #truth-in-destruction, #urban-exploration

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Empty Towers, No Power Lunches: Ghostly Midtown Is Omen for N.Y.C.

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.

#1271-avenue-of-the-americas-former-timelife-building, #avenue-of-the-americas-manhattan-ny, #coronavirus-2019-ncov, #midtown-area-manhattan-ny, #new-york-city, #real-estate-commercial, #shutdowns-institutional

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Ascena, Owner of Ann Taylor and Lane Bryant, Files for Bankruptcy

Ascena Retail is the latest retailer to fall during the pandemic. The disappearance of some of its 2,800 stores is a fresh blow to shopping malls.

#ascena-retail-group, #bankruptcies, #coronavirus-2019-ncov, #e-commerce, #fashion-and-apparel, #lane-bryant-inc, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #shopping-and-retail, #shopping-centers-and-malls

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The One Change That Could Save Your Neighborhood Stores

The key to pandemic survival for your favorite, homey retailer may be bankruptcy protection. But the code does too little for small businesses.

#bankruptcies, #landlords, #real-estate-commercial, #renting-and-leasing-real-estate, #shutdowns-institutional, #small-business

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‘Time Is Always Money’: Pandemic Lockdowns Hasten Infrastructure Work

Improvement of roads and rails has accelerated, but the crisis has strained budgets, muddling prospects for the projects and the real estate developments that count on them.

#building-construction, #coronavirus-2019-ncov, #infrastructure-public-works, #real-estate-commercial

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‘He’s Buying Up Brixton’: Beloved Grocer’s Eviction Sparks Gentrification Fight

In south London, people rebelled when a developer, backed by an American hedge fund, tried to evict Nour Cash & Carry.

#brixton-london-england, #gentrification, #hedge-funds, #nour-cashcarry-london-england-retailer, #ottolenghi-yotam, #real-estate-commercial, #shopping-and-retail

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With Department Stores Disappearing, Malls Could Be Next

Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.

#bal-harbour-shops-bal-harbour-fla, #bankruptcies, #coronavirus-reopenings, #real-estate-commercial, #shopping-and-retail, #shopping-centers-and-malls, #simon-property-group-inc, #taubman-centers-incorporated

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As Major League Soccer Expands, Teams Are Getting New Homes

Seven teams are building privately financed stadiums, a departure from the billions of public dollars spent on new arenas in other sports leagues.

#area-planning-and-renewal, #building-construction, #columbus-crew-soccer-team, #inter-miami-soccer-team, #major-league-soccer, #real-estate-commercial, #soccer, #stadiums-and-arenas

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China’s National Security Law Wins Business Support

A flood of investment from China has tempered worries that Beijing’s tightening grip on the Asian financial capital would end its status as a lucrative place to do business.

#banking-and-financial-institutions, #china, #civil-rights-and-liberties, #foreign-investments, #hong-kong, #human-rights-and-human-rights-violations, #real-estate-commercial, #relocation-of-business, #stocks-and-bonds

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A Multibillion-Dollar Opportunity: Virus-Proofing the New Office

Tech, catering and design companies are rushing to sell employers on fever scanners, box lunches and office floor-planning apps for social distancing. But it’s too soon to tell if they will work.

#airport-security, #buildings-structures, #coronavirus-2019-ncov, #coronavirus-reopenings, #gensler-architecture-firm, #interior-design-and-furnishings, #labor-and-jobs, #medicine-and-health, #pricewaterhousecoopers, #real-estate-commercial, #science-and-technology, #secure-identity-llc-clear, #security-and-warning-systems, #sodexo, #software, #steelcase-inc, #workplace-environment, #workplace-hazards-and-violations

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New York City Enters Its Broadest Reopening Yet: Offices

As the city enters Phase 2, thousands will return to work even as many companies, worried about new cases, keep their workers home.

#coronavirus-2019-ncov, #coronavirus-reopenings, #dashlane-inc, #fisher-brothers, #new-york-city, #partnership-for-new-york-city, #real-estate-commercial, #strand-bookstore-manhattan-ny, #subways, #transit-systems, #workplace-hazards-and-violations

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Creating Portfolios That Are ‘Not for the Faint of Heart’

Savers who want to build their nest eggs without relying solely on the stock market have other options. The pandemic is testing their skills.

#asset-allocation-personal-finances, #gold, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #retirement, #savings, #stocks-and-bonds

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How Will Hudson Yards Survive the Pandemic?

Coronavirus killed the new neighborhood’s momentum, but its potential for rebound could be a bellwether for the city’s overall economic health.

#hudson-yards-manhattan-ny, #luxury-goods-and-services, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #shutdowns-institutional

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