141 East 47th Street is currently undergoing excavation, a bustling sign for what may come for Midtown – more residencies? The building was originally going to be 49 stories based on a 2018 report; it will now be 35 stories and contain 200 apartment units. The...
Public auctioning of the contents of closed shopping malls are becoming more common as malls close permanently. The Metrocenter, a mall based in Phoenix, which closed in June had its contents auctioned off. Mall directories, fire extinguishers, mannequins, and the...
The new “BIG IDEA” in real estate is Neighbor, the office to self-storage app. The company is inviting commercial property owners to list their empty office space as self-storage on Neighbor’s platform. According to the company, It is an alternative revenue...
New Generation Research provides corporate bankruptcy data and that research is suggesting that 2020 will see more bankruptcies than previously in our lifetime. So far, Hertz rental cars was the largest Chapter 11 bankruptcy filing so far this year. The...
14% of office space in Midtown Manhattan is vacant. Many office workers are working remotely. Scott Rechler, chief executive of RXR Realty believes remote work is here to stay. As a result, RXR is proposing that the state and city make it easier for developers...
Dear Friends, We do not have to remind you of the challenges of 2020 (which we just did), but we do want to thank all of our readers and those who took the time to comment on our Knowledge Blog—the KNOG! First, we would like to wish you a Merry Christmas, Happy...
