Category: Real Estate (Commercial)

San Francisco Is Still Pushing to Turn Offices Into Homes

The New York Times – Business:
The city has not completed a single office-to-housing conversion, despite hopes to meet housing demand and inject life into empty downtowns.
Chrysler Building Gets a New Owner With Big Renovation Plans

The New York Times – Business:
A large commercial landlord is planning to spruce up the office spaces and add amenities after the building lost its luster in recent years.
Starbucks to Close 250 Stores in the US

The New York Times – Business:
The company said the affected cafes did not meet financial or customer service expectations.
As the Rich Buy Bigger Boats, Private Equity Is Investing in the Booming Marina Business

The New York Times – Business:
The private equity firm Blackstone now owns more marinas than anyone in the world.
They Built a Shrine to Cable TV. Then Everyone Cut the Cord.

The New York Times – Business:
They set out to celebrate the power and prestige of an industry that spanned MTV, HBO and Nickelodeon. Now, as cable’s fortunes have waned, the institution is changing, too.
There Is Still a Void at Ground Zero. Here’s How We Fill It.

The New York Times – On the Runway:
At 25 years, the World Trade Center is an undeniable feat of urban redevelopment. Now we can make it a real neighborhood.
China Sentences Evergrande Founder to Life in Prison

The New York Times – Business:
Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy.
A Maine Town, Once Dependent on a Paper Mill, Tries to Move On

The New York Times – Business:
For over a century, Madison Paper Industries was a small Maine town’s economic engine. A new owner moved in, but uncertainty persists.
Pacific Palisades Shopping Center Is Preparing to Reopen

The New York Times – Business:
Rick Caruso, the billionaire real estate developer and former Los Angeles mayoral candidate, is reviving a property still surrounded by burned-out lots.
The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too

The New York Times – Business:
Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
A New York Hair Salon, Happily Stuck in 1986

The New York Times – Fashion & Style:
All around it, luxury boutiques attract a wealthy crowd. But Anonymous Hair Salon hasn’t changed much since opening all those years ago.
New Yorkers Say Farewell to the REI SoHo

The New York Times – Fashion & Style:
Customers gathered to mourn as the outdoor equipment retailer shuttered its location in the famed Puck building in SoHo, where it had been for 15 years.