I just got back from an unforgettable getaway in the Florida Keys, and let me tell you, the experience was more than just sun, sand and sea. It got me thinking about the commercial real estate scene down there, and boy, do I have some stories to share. So grab a mojito and join me … Read more
The developer behind Essex Crossing plans to build a nearly half-million square-foot office tower on Trinity Church land at Hudson Square — a sign of confidence in Manhattan’s troubled commercial market. Taconic Partners and its investment partner Nuveen Real Estate unveiled images of One Grand, a tower to rise at the corner of Grand and … Read more
Hello friends! I’m penning this on the balcony of my stateroom on a ship somewhere in the Caribbean. With Nassau in our rearview mirror and steaming toward San Juan, the weather is slightly overcast, mid-70s with a mild breeze blowing. Well, not really, but a man can dream. Today, I go deep on the advice … Read more
By the time you read this, we will have exhausted two months of 2024. Christmas lights will be appearing in home improvement retailers in no time. But I digress. Last month, I wrote about subleases. You might believe this is déjà vu all over again. And, in some ways, it is. It’s just uncanny to … Read more
I am a huge networker and have been since the commercial real estate market tumbled in late 2008. As I scanned the scorched earth of what little remained of a vibrant business, I wondered if our commercial real estate activity would ever return. Buyers weren’t transacting, sellers couldn’t sell and lenders refused to lend. The … Read more
A day for lovers, Valentine’s Day falls every Feb. 14th and is celebrated by couples worldwide. “It originated as a Christian feast day honoring a martyr named Valentine and through later folk traditions, it has also become a significant cultural, religious and commercial celebration of romance and love in many regions of the world,” says … Read more
The Fox Village Theatre, a Westwood landmark for more than 90 years, has been sold to filmmaker Jason Reitman and an unnamed group of investors. Newmark, the Irvine-based commercial real estate firm that completed the sale, didn’t reveal the seller or buyer of the property. But a Jan. 31 posting on theankler.com and a subsequent … Read more
Sublease listings remind me of a half-yearly sale at Nordstrom. You better get there early in the markdowns to get a deal of selection and price. The longer you wait, the higher the price gets, but the selection wanes until your only choice is an XS purple long-sleeve tee. But … The price is unbeatable. … Read more
What’s selling motivation, you may be wondering. We’ve not experienced much since the middle of 2022 when the Federal Reserve mounted its stair climber and hiked interest rates several times over the next 18 months. Most of the selling motivation from the start of 2021 was fueled by crazy high prices investors were willing to … Read more
The return-to-office trend gained steam in December when average visitation rates at 350 Manhattan buildings rose to 67% of 2019 rates, according to the Real Estate Board of New York. That was up from the 65% recorded in November — and would have been 74% if the sleepy last week of December between Christmas and New … Read more
