The KNOG

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...

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...

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,...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...