Manhattan Faces a Reckoning if Working From Home Becomes the Norm
Even after the crisis eases, companies may let workers stay home. That would affect an entire ecosystem, from transit to restaurants to...
Class A Meet Plan B: How the Coronavirus Could Impact NYC’s Newly Built Office Space
In late 2019, New York’s office leasing market resembled a Louboutin sample sale with giant companies in a frenzy to drop cash on pricey...
Luxury home contracts reach highest levels since shutdown
After a dismal six weeks, Manhattan’s luxury market is showing signs of movement. Six homes priced above $4 million went into contract in...
New York extends halt on evictions, but tenants still ‘at great risk’
Faced with mounting pressure from tenant advocates, Gov. Andrew Cuomo has extended New York’s eviction moratorium another two months...
I feel like I’m inside an acid trip”: Inside virtual broker’s open house showings
In late April, about 60 agents got together in a virtual conference room for a virtual open house. Their experiences with the new process...
Cuomo provides details on when real estate, retail can reopen
Starting next week, New York will gradually start to reopen, with real estate businesses among the second phase of sectors permitted to...
CO Conference: Midtown Landlords Prepare for ‘The New Abnormal’
Commercial Observer convened some of the great minds of the real estate industry for a virtual Midtown Forum to talk through the...
Multifamily Borrowers Benefit From New HUD Lending Policies
Borrowers continue to be impacted by the coronavirus as many have been informed that several banks, bridge lenders and CMBS programs are...
Brooklyn luxury market sees four contracts signed for second week in a row
Do four high-end contract signings in Brooklyn count as a busy week? At the moment, perhaps. The four deals were for two condos, a co-op...
