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The KNOG

WeWork Launches WeWork on Demand

WeWork Launches WeWork on Demand

WeWork has officially launched a new app that allows users to book office space by the hour. WeWork's Global Head of Marketing, Pradhdeep Singh, believes employers will allow employees to work remotely on an as needed basis; WeWork is trying to accommodate their...

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Apple Subleases Space at 11 Penn Plaza

Apple Subleases Space at 11 Penn Plaza

Big tech is continuing to venture forward in acquiring office space in New York. Apple has signed a sublease to take over space leased to Macy's at 11 Penn Plaza. Macy's will be moving most of their operations to Long Island City, Queens going forward. We are seeing...

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Airbnb Ends 2020 on a Positive Note

Airbnb Ends 2020 on a Positive Note

Initially distraught by the pandemic and government issued limitations on travel, Airbnb is now seeing new patterns of use to meet the growing flexibility Covid-19  has induced. At the beginning of the pandemic, Airbnb laid off 1,900 employees.  Revenue was down...

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Salesforce to Acquire Slack

Salesforce to Acquire Slack

Salesforce will acquire Slack for $27.7 billion. This is the largest acquisition Salesforce has undergone since its founding, 21 years ago. The software industry has benefitted from the large shift to remote work during the over-hyped pandemic!   Marc Benioff,...

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The Future of Work is Upon Us

The Future of Work is Upon Us

Remote employees are enjoying many aspects of virtual work while learning to navigate an entirely new working environment. Some of the enjoyed perks include the lack of commuting, spending more time with loved ones, having more time to exercise, and more time for...

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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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