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The Conversion of Retail Locations to Warehouses

The Conversion of Retail Locations to Warehouses

The boom in e-commerce has developers focused on converting large shopping mall anchors (think Neiman Marcus, JC Penny, etc) to warehouses. The proximity to highways and parking beautify the transition. Below are some key factors to assess whether your property would...
Hotels Entertain Creative Ideas to Boost Revenue

Hotels Entertain Creative Ideas to Boost Revenue

New York City hotels are grappling with all-time low vacancy rates as a result of the pandemic. When the crisis began in March occupancy dropped from 90% to 15%, and has remained steady in the single digits according to the Commercial Observer. Creative thinking and...
Finance Industry Calls Employees Back to the Office

Finance Industry Calls Employees Back to the Office

New York’s financial industry is leading the way in bringing office workers back. Mudrick Capital, has already called back employees to the office as of Labor Day. JP Morgan Chase followed suit in calling more senior officials back this week. Citigroup and...
Residents Realize New York is Irreplaceable

Residents Realize New York is Irreplaceable

Suburban sales in Westchester and Long Island may have peaked; renters are returning to Manhattan. Residents are lured by above average deals on larger apartments while buyers are taking advantage of Brooklyn and Queens’ lowest prices in a while. While...
Big Tech Pioneers Office Space Acquisition in New York

Big Tech Pioneers Office Space Acquisition in New York

Big tech has not allowed the pandemic to impact their office space acquisitions in New York.  Apple, Amazon, Google, and Facebook are all showing massive signs of faith in the restoration of New York as they all have recently acquired enough space to hold more than...