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The KNOG

New York Hotel Development Blossoms

New York Hotel Development Blossoms

New York is entering a renaissance period for its hotels. Luxurious and boutique hotels are in development over the five boroughs to welcome the new surge in tourists and business travelers. 12,000 new hotel rooms are expected to open within the next 3 years....

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With the End of Summer Comes the Decline of Remote Work

With the End of Summer Comes the Decline of Remote Work

Summer is over and many employers are asking employees to come back. Five days in the office can feel overwhelming when many employees are used to working from their living room. Goldman Sachs, Tesla, Bank of America, and Morgan Stanley are requiring employees to...

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Malcolm Gladwell Believes in Office Based Employees

Malcolm Gladwell Believes in Office Based Employees

Author, Malcolm Gladwell is not in favor of working from home. He believes people need to come into the office to feel a part of something larger than themselves. Gladwell may have a point. Employers agree with this sentiment. However employees see it differently....

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The 4-Day Work Week Trial has Begun

The 4-Day Work Week Trial has Begun

Seventy countries are taking part in a 4-day work week trial. Research institute, Autonomy, is running a study testing whether workforces can achieve the same output while working 80% of their previous hours (and paying the same wages, disregarding the time...

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New York’s Largest Industrial Property in Development

New York’s Largest Industrial Property in Development

Turnbridge Equities is developing New York's largest industrial property, a 1.3 million square foot logistics center in the South Bronx.  The Hunts Point based property has a 2-story warehouse, a 5-story parking garage, and will include rooftop solar panels....

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New York Office Upgrades Mimic Silicon Valley

New York Office Upgrades Mimic Silicon Valley

Real estate brokerage firm, Savills is making changes similar to those seen in Silicon Valley for its New York office. "Living walls" (walls covered in plants), standing desks, podcast rooms, zoom rooms, cold brew on tap, and luxury espresso machines are some of the...

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Will the Commercial Market Undergo a Renaissance?

Will the Commercial Market Undergo a Renaissance?

The new and renovated commercial spaces in New York are in high demand.   Jordan Barowitz, VP of public affairs for the Durst Organization, believes the renaissance for the commercial market is right behind the current high demand for New York's residential...

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Office Portfolio Planning Around Hybrid Work

Office Portfolio Planning Around Hybrid Work

CBRE's Global Spring 2022 Occupier Sentiment Survey, based on 185 companies with offices located in the US, reveals companies are now planning their office portfolios around hybrid work.  39% of these companies plan on expanding their office portfolio. This is based...

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My Emotional Ghost

My Emotional Ghost

  One of George Grace’s poems was chosen to celebrate National Poetry Month at the Rensselaerville, NY Library:

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Class B and Class C Buildings Struggle to Find Tenants

Class B and Class C Buildings Struggle to Find Tenants

Class B and Class C office building owners are facing low occupancy rates, uncertainty and new strategies to attract tenants. Some owners are strictly betting on price while others are considering flexible work space as a viable alternative and total repositioning....

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Suburban Towns Flourish

Suburban Towns Flourish

Cities and towns where remote workers are based are flourishing.  Regus and parent company, IWG, are seeing an influx in demand for co-working space in villages where workers live.   A recent economic impact study done by IWG/Arup in the UK has determined these rural...

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