canvas togler

Archive

During the Pandemic, They Are ‘Other Boroughs,’ Not ‘Outer Boroughs’


When it comes to the New York City investment sales market, the perception is, typically, that Manhattan is king and the outer boroughs are runners-up. However, during the pandemic, this long-standing perception has not been true. My friend, Josh Muss — who constantly reminds me that they are not the “outer boroughs,” they are the… Read more »

Navigating New York’s new TCO process


The pinnacle of any construction project is the issuance of the Certificate of Occupancy (CO), albeit temporary or final. These documents, distributed by the NYC Department of Buildings (DOB), grant the legal occupation of a new development or an existing building under construction in NYC. The process can be daunting and lengthy, but extremely necessary… Read more »

Landlords lead push to get city back to work


Some of New York’s leading commercial landlords are joining the campaign to get the city back to work. Governor Andrew M. Cuomo announced that 21 city landlords are part of his New York Forward COVID-Safe Offices partnership to expand access to COVID-19 testing for employers. As part of the initiative, the landlords have committed to… Read more »

Confidence in Commercial Real Estate Values Varies Widely by Sector


Roughly one year into the coronavirus outbreak, commercial real estate owners are starting to fully price in the effects of the global pandemic. There are endless ways to analyze the impact of the past year on commercial property valuations, but one useful metric is tracking the prevalence of rent gains across the various property types…. Read more »

How retail owners can take advantage of new trends


The retail industry and its real estate component are evolving more rapidly than ever. Today, the typical consumer is much better educated and price savvy about their merchandise choices than they had been in the past and often know in advance what specific item they want to purchase. To complicate matters, the competition from online… Read more »

How Technology is Helping the Property Industry Understand Post-Pandemic Risk


Almost a year into a global health crisis that devastated the world and propelled the nation into an economic recession, the effects of the coronavirus pandemic continue to echo through businesses that thrive at the intersection of people, places, and experiences—an intersection that very much includes commercial real estate. COVID-19 accelerated already rapidly growing trends… Read more »

US Warehouse Boom Attracts Foreign Investors


It’s not just massive firms like Blackstone Group and Prologis that are throwing billions of dollars at warehouses — foreign investors are also pouring money into the booming industrial sector. Investment firms from France, Germany and South Korea are among those that have recently inked big deals for industrial properties, according to the Wall Street Journal. That comes even… Read more »

Amazon Opening 20K SF Delivery Station in Long Island City


Amazon is moving into the former Green Apple Supermarket.  (photo: Google Maps) Amazon can’t quit Long Island City, Queens. The e-commerce giant signed a lease to open up a 20,000-square-foot delivery station at 38-50 21st Street in the neighborhood where it almost built its second headquarters, Crain’s New York Business first reported. It plans to… Read more »

Life Sciences Leasing Doubled in New York City Last Year


The life sciences sector keeps proving that it’s pandemic-proof. Leasing for the life sciences sector more than doubled around New York City between 2019 to 2020, reaching its highest level in nearly a decade. All told, life sciences companies took 155,925 square feet of laboratory and other-related space around the city, the largest amount since at… Read more »

A Cloudy Crystal Ball For Commercial Real Estate And Office Space


As we pass the grim metric of 500,000 deaths due to Covid-19, analysts are grappling with the pandemic’s long term impacts, including its effect on cities and work.  There’s disagreement about the degree of permanent increases in teleworking and homework. But if some office work is shifting permanently to homes, what will that do to commercial and residential real… Read more »

With offices still mostly empty, landlords amp up Covid tests


Creating testing centers for Covid-19 is all part of an effort to lure workers back to offices, which have been largely empty since the pandemic hit almost a year ago, shutting down Manhattan skyscrapers. Landlords are seeking ways to repopulate their buildings after earlier attempts—including beefing up virus safety measures and lobbying the city’s finance bosses—had… Read more »

New York City CRE Sales Reach $11B in H2: REBNY


The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State. According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence… Read more »

New REBNY Report Shows Broker Confidence in Real Estate Market Experiences an Uptick After Record Lows


The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State. According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence… Read more »

Underpinning the Pandemic, Another Malady: Municipal Finances


COVID-19 and the resulting economic downturn made a considerable impact in many areas of the U.S. economy during 2020, but most certainly in municipal budgets. Taking a look at the nation’s 75 largest municipalities, Truth in Accounting found that most could ill afford a large-scale health crisis. The organization’s just-released 2021 Financial State of the… Read more »

Foreign Investors Target US Core Assets


Since the Federal Reserve reduced rates at the beginning of the COVID-19 pandemic, hedging costs have come down for foreign investors.  Leading the way were investors from South Korea, Singapore, Germany (through open-ended funds) and the Middle East. GLOBE St. Photo by Andrea Piacquadio from Pexels

Join Our Email List


By submitting this form, you are consenting to receive marketing emails from: Kalmon Dolgin Affiliates, 101 Richardson Street, Brooklyn, NY, 11211, https://www.kalmondolgin.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact