All Letter from New York articles
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InsightTrump’s holdings don’t hold up
Former US president Donald Trump is on trial or facing trial in half a dozen criminal and civil cases. The most serious one involves his role in alleged efforts to overturn the 2020 US presidential election.
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InsightWho holds all the aces in NYC?
Two proposals have emerged as front-runners in the great New York City casino chase. SL Green, Gotham’s largest commercial landlord, is teamed with Caesars Resorts and, surprisingly, rapper Jay-Z in a prospective bid to create a gaming mecca in Times Square. Related Companies hopes to kickstart construction of Hudson Yards’ ...
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InsightNew York Post’s Steve Cuozzo on the dimming allure of South Florida’s property
The Sunshine State property-buying juggernaut that was powerfully accelerated by the pandemic continues its merry way. The trend applies to both residential and commercial real estate in South Florida, a region that consists of Miami-Dade, Broward and Palm Beach counties – home to 6.7 million people within 6,000 square miles.
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InsightData downplays New York’s office return
One subject above all others obsesses the New York City property world: the extent and future of office return, now that the pandemic appears over.
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InsightSixth Avenue leads New York’s revival
Manhattan’s Q1 2022 office vacancy rate stood at a record 22%. Yet, newly released data show that one major commercial corridor, under-sung Midtown Sixth Avenue, weathered the pandemic with a vacancy rate of between 12.6% (according to CBRE) and 14.6% (as per Cushman & Wakefield). How did this happen?
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InsightLetter from New York
New York City’s fitful pandemic recovery has reached a critical inflection point.
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InsightLetter from New York
No sector of the New York City real estate economy has been so badly mauled by the pandemic as hotels.
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InsightThe Big Apple’s office return
New York City is not quite ready to party. True, the vaccines have routed coronavirus – a seeming miracle after last year’s horrific ‘epicenter’ death toll. Coney Island’s rollercoasters are roaring again.
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InsightCuomo’s Penn Station plans spark debate
When it comes to forecasting New York City’s future, none of the conventional market analysis tools seem worth a damn.
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NewsPandemic still biting the Big Apple
New York City’s property-world panic has eased somewhat but the situation remains troubled and tense.
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InsightLetter from New York
An exodus from Manhattan was the talk of the town in the weeks before the Labor Day holiday weekend. A ‘drastic shift’ to the suburbs became the media buzz. The out-flight resulted in a record 13,117 rental apartments standing vacant, touted as a 122% jump over 2019. Landlords are offering ...
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InsightLetter from New York
High anxiety grips New York’s real estate world with the approach on 7 September of Labor Day, the holiday that marks the unofficial end of summer.
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InsightLetter from New York
New York City’s gradual awakening from the pandemic has yet to include Midtown Manhattan: the iconic, skyscraper-filled commercial core and nation’s economic powerhouse. The area is hushed and near-funereal in empty Times Square and little-traversed Rockefeller Center.
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InsightLetter from New York
New York State governor Andrew Cuomo broke restaurant-lovers’ hearts when he renewed the indoor dining ban that was expected to be lifted on July 20.
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InsightLetter from New York
An eerie, Twilight Zone-like atmosphere descended on sweltering New York City this week. Over a muted July 4th Independence Day weekend, the Big Apple was torn between celebration and unease.
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InsightLetter from New York
The Big Apple has come to life again with the start of phase II of reopening. Thousands of restaurants opened outdoor seating and encouraged by good summer weather and a sustained reduction in Covid-19 infections, New Yorkers finally enjoyed a taste of pre-pandemic pleasure.
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InsightLetter from New York
The mood on the streets lifted as New York state governor Andrew Cuomo announced that phase two of the city’s reopening would begin on 22 June – a mere two weeks after the start of the first phase, which allowed little more than construction to resume.
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InsightLetter from New York
New York City’s high-end real estate markets remain depressingly stalled. There’s modest life on the office front, but retail is dead in the water.
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InsightLetter from New York
The first week of June was possibly the most heart-wrenching in New York City’s history. Bad and good news alternated without rhyme or reason.
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InsightLetter from New York
The beleaguered commercial scene got an unexpected jolt of energy this week. To everyone’s surprise, TikTok signed for 237,000 sq ft of offices in Times Square – the ‘Crossroads of the World’ now devoid of tourists and just about any activity.
