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What Went Wrong at Chetrit? Lessons from the Fall of Major Real Estate Family in NYC
What happened to the Chetrit Group? If you have been around New York City commercial real estate, you have probably heard the Chetrit name. They were connected to major properties such as the Hotel Chelsea and the Sony Building, along with numerous other projects in New York and beyond.
What are the 3 Most Common Types of Commercial Leases in NYC?
A tenant sees a space advertised at $35 per square foot and thinks, “I can afford that.” Then the other numbers show up. That is why understanding the lease structure matters. So what are the three most common commercial lease structures we see?
Which Type of Commercial Real Estate Is Actually Worth Investing in New York City?
In New York City, we are seeing stronger attention on properties that can support flexible work, logistics, healthcare, technology, food service, residential demand, and other specialized uses. Office and Retail properties are changing and it comes with the demand. So, which Commercial Real Estate type is best for investors in NYC?
Why Are 57,000 Rent-Stabilized Apartments Sitting Vacant in NYC?
We are looking at an unusual situation in New York City. The city continues to face a severe housing shortage, yet tens of thousands of rent-stabilized apartments are being reported as vacant.
Why Are Boutique Gyms Taking Over Manhattan’s Best Retail Spaces?
We are seeing one of the biggest shifts in New York City retail leasing in years. Instead of traditional apparel stores or large retailers dominating prime storefronts, boutique gyms, luxury fitness clubs, and wellness-focused businesses are signing some of the largest retail leases in the market. Why are boutique gyms taking over Manhattan’s best retail spaces?
NYC Rents Just Beat the US by More Than 2X. What Does That Mean for Commercial Real Estate?
We are seeing a rental market that is moving faster than the national market. The bigger story is not just the headline number. It is where the growth is happening. Which boroughs are seeing the strongest rent growth?
Is NYC’s $1 Billion Supportive Housing Investment the Next Big Opportunity in Real Estate?
What is happening with New York City’s aging supportive housing?
$1 billion in city-backed investment will target the preservation of existing supportive housing across all five boroughs.
New York Just Froze Hyperscale Data Centers. What Does It Mean for Commercial Real Estate?
Gov. Kathy Hochul has signed an Executive Order creating the nation’s first moratorium on new hyperscale data centers, temporarily pausing State environmental permits for up to one year.
More than $10 billion in planned New York data center projects now face delays as the new policy requires stricter environmental review. What happens as New York pauses billions in data center development?