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Flattening the City: How COVID-19 is Reshaping Commercial Real Estate


In the five-plus months that have passed since the U.S. declared a country-wide state of emergency due to COVID-19, we have all had to adapt in some way or another, to change our shape to match our new vessel. These changes were made rapidly, even under duress, and they were shaped and enabled by technology… Read more »

Optimizing Building Performance During a Crisis Requires Finding the Right Baseline


33 Nassau Ave, Brooklyn. Buildings are big, complicated structures. They have hundreds of pieces of equipment that work together in a symphony of heating and cooling, exhausts and intakes, switches and controllers, all firing up and shutting down in an intertwined daily rhythm. Normally, a building can count on the predictable consistency of its occupants… Read more »

How KDA Has Helped Tenants Weather the Pandemic – and Why Commercial Real Estate May Rebound Faster Than Most People Think


By Neil A. Dolgin Nearly nine months into the pandemic, the long-term impact on commercial real estate is still anybody’s guess as virtually every industry continues to feel the economic fallout. Over the past month in New York City alone where life finally appears to be returning to some normalcy, multiple hotels, including the Times… Read more »

It’s a Broker’s Market


We will talk more about the commercial and industrial marketplace in additional posts over the next weeks. Right now we think this is a terrific marketplace for brokers. So we’d like to welcome the newest member of the KDA broker team, Max Duclos. As Max and our brokers canvas neighborhoods, we’re seeing an influx of… Read more »

KDA Thanks Our Staff and Brokers


“We are in the midst of a new chapter in the history of our country but it does have parallels in the past and it’s our aim to take you with us on this fantastic journey to not only survive the present but to conquer and expand your opportunities.  We have the insight, the hindsight… Read more »

City Planning Commission Greenlights Industry City Rezoning


Despite the opposition of the local city councilmember, the City Planning Commission today approved the controversial rezoning of Industry City in Sunset Park, Brooklyn, which is expected to generate several hundred thousand square feet of new commercial space. Commissioner David Burney was the only member of the planning board to vote against the proposal, which… Read more »

Amazon Delivers Hope to Brooklyn Office Market


The coronavirus has slowed an already lagging Brooklyn office market, but Amazon Music has signed a lease in a new Williamsburg building that has local brokers feeling optimistic. Amazon’s music streaming service took 40,000 square feet of production space at Rubenstein Partners and Heritage Equity Partners’ 25 Kent. Commercial Observer  

City Council Pushing Law To Reduce Red Tape For New Building Openings


New York City is considering introducing a new law that would change the way owners of new developments and revamped buildings access their certificate of occupancy. The bill is sponsored by Council Member Robert Cornegy, and it would pave the way for owners to access an interim certificate of occupancy for parts of properties where… Read more »

SIOR: More CRE Transactions Stay on Schedule


The commercial real estate industry is gradually getting a handle on how to do business during a pandemic, according to the results of the August Sentiment Survey from SIOR. Back in April, only 26.1 percent of transactions were proceeding according to schedule, but that figure increased to 45.2 percent in the latest survey. Parallel to… Read more »

Four Things To Know Before Making the Switch from Residential Real Estate to CRE


by Neil A. Dolgin For New York City’s ultra-competitive residential brokerage community, these are uncertain times. Amidst an already-softened sales market and growing concerns about a lack of affordable housing that have led to swifter rent stabilization measures and the possibility of a recession pending the outcome of the presidential election, it is also grappling… Read more »

What We Can Learn from Lewis and Clark


by Kalmon Dolgin During breaks from business-related work and trying to maintain sanity, I have been reading the story of the Lewis and Clark expedition, Undaunted Courage.  I am struck by the similarities and lessons that we can learn from this venture which took place nearly 220 years ago, yet it remains relevant to the… Read more »

The Hottest Restaurants in Queens


UPDATED: When the Covid-19 situation subsides, here is the Queens Heatmap, a guide to new and recently reviewed restaurants in the mighty borough of Queens. Here are the places that the critics, bloggers, and restaurant obsessives are buzzing about, according to NY.Eater.Com.  Keep note, and we’ll be back inside restaurants and bars all together in… Read more »

Lessons from Tesla’s Approach to Innovation


As technology and innovation scholars, we’ve studied how innovators commercialize new technologies and we’ve interviewed Elon Musk, his co-founder J.B. Straubel, and other important members of the team. What we’ve found is that beneath the turbulent surface, Tesla’s innovation strategy — which focuses on transforming the auto industry as a whole — offers enduring lessons… Read more »

Commercial Real Estate in the Age of the COVID-19 Virus


So what can the property industry do to immediately respond to COVID-19? The first thing that any property should do is educate its tenants. Whether the building is multifamily, offices, retail, or any other space, building tenants need to be aware of what steps they can take to prevent more people from getting sick. In IREM’s… Read more »

Plastics Cost The Earth, But There Are Alternatives


The facts about plastics pollution make for grim reading. According to a Plastic Oceans report, 350 million tons of plastic are produced every year, more, they say, than the combined weight of 7.7 billion human beings in the world. Eight million tons of plastic go into the oceans every year, a volume that could increase… Read more »

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