Category: Real Estate (Commercial)

What Would It Take to Turn More Offices Into Housing?

The New York Times – Business:
Vast amounts of empty real estate are a crisis for building owners. But some politicians and business leaders hope they can be converted into something new — and transform downtown neighborhoods.
Getting Creative With Vacant Office Space: Storage, Gym, Film Set

The New York Times – Business:
Some landlords are skipping residential conversion and instead seeking alternatives that are cheaper and easier to manage.
A Long Road to Renewal for Former Military Bases

The New York Times – Business:
Closed defense sites are like snowflakes in that no two are alike. The efforts to redevelop two New Jersey forts show the obstacles to revitalization.
Destined for the Dump, Construction Waste Gets New Life in the Garden

The New York Times – Business:
A new program to reuse architectural mock-ups in community gardens is gaining interest as a way to keep them out of the landfill.
China Is Finally Trying to Fix Its Housing Crisis

The New York Times – Business:
After a year on the sidelines, Beijing this week took steps to get hundreds of billions of dollars into the hands of the country’s flailing real estate developers.
Why Office Buildings Are Still in Trouble

The New York Times – Business:
Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business.
New York City Reaches Deal to Build Soccer Stadium in Queens

The New York Times – Sports:
The New York City Football Club will pay roughly $780 million to build the stadium in Willets Point in Queens as part of a project that will include housing and a hotel.
Higher Costs and Long Delays Push Developers to Adapt

The New York Times – Business:
Hammered by supply chain woes and fluctuations in demand, builders have learned to become more adept managing challenges.
WeWork Will Close About 40 Locations as Losses Narrow

The New York Times – Business:
The co-working company said revenue rose more than 20 percent in the most recent quarter, but tempered its forecast for the full year.
As the Fed Raises Rates, Worries Grow About Corporate Bonds

The New York Times – Business:
Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.
For Fitness Buffs and Landlords, Gyms Are Hot Again

The New York Times – Business:
Hoping to capitalize on a renewed interest in communal experiences, fitness chains are reconfiguring their spaces, offering more room to exercise and better amenities.
As Housing Costs Soar, Co-Living Makes a Comeback

The New York Times – Business:
The living arrangements, known as “dorms for adults,” are on the upswing after declining in the pandemic, and developers are adapting to the renewed interest.