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The KNOG

Amazon Acquires Warehouse Space

Amazon Acquires Warehouse Space

The New York tri-state area is now the base for three of Amazon's new warehouses. The new sites are in  Brooklyn, the Bronx, and Westchester.   Industrial real estate has excelled during the pandemic. The new locations are in addition to two existing warehouses...

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SL Green Invests in One Madison

SL Green Invests in One Madison

SL Green is displaying faith in the New York commercial office market with its $2.3 billion dollar investment in One Madison. The skyscraper is scheduled for completion in the fall of 2023. The tower incorporates modern, 21st century state of the art design, including...

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Self-Storage Demand Surges During Covid-19

Self-Storage Demand Surges During Covid-19

Self-storage thrives on the 4 D's: death, disaster, displacement and divorce. All of these predicaments have been encouraged by the pandemic. As a result, self-storage is one area of commercial real estate that has grown during Covid-19.   Investor interest in...

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Gratitude is the Gift that Keeps Giving

Gratitude is the Gift that Keeps Giving

Gratitude helps in more ways than you can imagine. The focus on the positive can change your mindset, and your view of the world.   The world's leading scientific expert on gratitude, and professor of psychology at UC Davis, Robert Emmons research supports...

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Proposed Rezoning Plan for Soho and Noho

Proposed Rezoning Plan for Soho and Noho

Mayor De Blasio has put together a proposed rezoning plan for Soho and Noho to create 800 affordable homes. This is currently under public land use review process, i.e. ULURP. The effort would bring more affordable housing to these upscale New York neighborhoods....

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New Yorkers Move to the Southeast

New Yorkers Move to the Southeast

Some New Yorkers are packing their bags amid threatened Covid-19 lockdowns and heading south. The Southeast has seen a major increase in luxury home sales, and the majority of these sales are to transplanted New Yorkers.   Co-founder of Maison Real Estate in...

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Increasing Covid-19 Cases Causing a Second Wave?

Increasing Covid-19 Cases Causing a Second Wave?

Increasing Covid-19 cases throughout Brooklyn and Queens are creating fear of a second wave. Mayor de Blasio has imposed new restrictions that affect 20 zip codes, sending alarms about the economic consequences. The uncertainty is dramatically slowing lease...

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Co-Working Space

Co-Working Space

The preliminary stages of office life returning to New York may begin with shared co-working office spaces. The low commitment and flexible options are alluring for many employers to test the waters of coming back into the central business districts. There are some...

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Rezoning Office Space to Affordable Housing

Rezoning Office Space to Affordable Housing

One idea to use the vast amount of empty office space in Manhattan is for rezoning - to affordable housing. This transformation is not unfamiliar to New York; the 420-g program added 25,000 residential units to lower Manhattan in the 1990s. Today, the focus is on...

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Creative Uses for Empty Space

Creative Uses for Empty Space

Where there is a crisis, there is opportunity. Developers are creating alternative uses for their unrented space. An emerging trend is to convert retail to office space as demonstrated by Amazon leasing the former Lord & Taylor building in midtown...

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The Recovery of New York

The Recovery of New York

Mark Zandi, chief economist for Moody's Analytics predicts it will take New York City at least 2 years, and possibly more for New York City to recover. All of the advantages New York has to offer - Broadway, tourism, skyscrapers full of office workers, and networking...

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The Return of Office Employees

The Return of Office Employees

The latest estimate is for 15% of Manhattan office workers to return by the end of 2020. This is substantially lower than the same estimate of 26% made in August. The fear of a second wave and several outbreaks around the city are to blame for the delay. When asked...

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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...

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The Future of NYC’s Real Estate

The Future of NYC’s Real Estate

Real estate portrays the aspirations and agendas of corporations, people, and policy makers. The New York Times interviewed former city officials, real estate executives, affordable housing advocates, brokers and urban planners to gain insight into the future of New...

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Covid-19 Public School Enrollment Drop

Covid-19 Public School Enrollment Drop

Enrollment in public schools is dropping across the US as the pandemic continues. This is likely to affect funding as it is determined on a per-pupil basis. Towns and municipalities have reduced tax revenues due to the virus which reduces school budgets. Schools are...

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