Industry Economists Praise Volcker Following His Death
Paul Volcker, the former Federal Reserve chairman who died on Sunday, won few friends in the real estate industry early in his tenure at the central bank. Taking office in 1979 and faced with the worst...
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Amazon Killer: State Sen. Michael Gianaris on Tax Breaks, Rent Reform and Amazon
There are few politicians in New York who strike fear in the heart of the real estate community like State Senator Michael Gianaris. The lawmaker — who represents western Queens — spearheaded a group...
View ArticleHow Donald Trump Got His Start With the Grand Hyatt
By this time next year, a 40-plus year vessel of President Donald Trump’s insatiable ambitions will be no more. Midtown’s Grand Hyatt Hotel, the refurbishment of which propelled Donald Trump into the...
View ArticleNYC Real Estate Powerhouse Stanley Chera Dies From Coronavirus
Stanley Chera, a former powerhouse in New York City real estate who made his name with his retail acquisitions and a longtime friend of President Donald Trump, died over the weekend from complications...
View ArticleTrump’s Manhattan Hotel Lays Off 70 Workers Due to Coronavirus
The Trump International Hotel & Tower on the Upper West Side has temporarily laid off 70 workers due the coronavirus pandemic which has obliterated travel and left city hotel owners expecting to...
View ArticleCuomo Announces Multi-State Economic Recovery Task Force
New York Governor Andrew Cuomo held a press conference today with the governors of Connecticut, Rhode Island, New Jersey, Delaware and Pennsylvania to announce a joint council that will plan to slowly...
View ArticleTrump’s Opening the Country Council Includes Roster of His Real Estate Allies
President Donald Trump’s hastily assembled economic recovery taskforce, known as the “Opening the Country Council,” includes several of his real estate and construction allies among its 200 members....
View ArticleTrump Organization Seeks Rent Relief on DC Hotel
Earlier this month, Commercial Observer reported that the Trump Organization paused its efforts to sell the leasing rights to the 263-key Trump International Hotel in Washington, D.C., and now the...
View ArticleRetail Sales Spike by 17.7 Percent in May, But Spending Still Lags Behind...
Retail sales in the United States spiked by 17.8 percent between April and May, a sign that the market is starting to recover after record drops caused by the coronavirus pandemic, according to figures...
View ArticleThe Byzantine Zoning History Of 200 Amsterdam
A pair of developers and Upper West Side community activists have been raging a paper crusade against each other over a 670-foot-tall tower that might, as collateral damage, count Department of...
View ArticleRetail Sales Increase for Third Month in a Row, But Jump Was Less Than Predicted
Retail sales in the United States increased for the third month in a row, sending the numbers above pre-pandemic levels, but the jump was smaller than economists predicted. Total retail sales were $536...
View ArticleU.S. Retail Sales Keep Increasing But Growth Starting to Slow, August Figures...
Retail sales in the United States grew in August for the fourth month in a row, rebounding from historic drops due to the coronavirus pandemic, but growth started to slow in the same month as increased...
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Here’s Who’s Giving What to Trump and Biden in Commercial Real Estate
When Donald Trump announced he was running for president in 2015, Elie Hirschfeld switched parties. The Manhattan developer known for building the Crowne Plaza Hotel and residential towers Grand Sutton...
View ArticleTrump Tower Remains Its Namesake’s No. 1 Real Estate Cash Cow
A New York Times report released Sunday detailing information from the past two decades of President Donald Trump‘s tax returns paints a portrait of a real estate tycoon chronically in need of cash and...
View ArticleProperty Lines: Picking Sides On the Real Estate Policies of Biden and Trump
The 2020 election has been cast as the most existential, life-or-death election in history; it’s about the soundness of mind of the current and/or future president, it’s about two radically different...
View ArticleREITs on Rollercoaster Following Trump’s COVID Diagnosis, Lackluster Jobs...
The stocks and futures markets took a dive early Friday morning, after news that President Donald Trump tested positive for coronavirus and a report showed that U.S. job growth started to slow last...
View ArticleSunday Summary: October Surprise
To be honest, it’s a little difficult to think about real estate at the moment… The president of the United States has coronavirus a month before the election. In a year full of political shockers,...
View ArticleBox Office Bomb: Silver Screens Go Dark in Pandemic
It’s one bad scene after another for movie theaters, with no red carpets or fancy premieres in sight. Regal Cinemas, the second largest theater chain in the country, temporarily closed 536 locations...
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Whoever Wins the Presidential Election, It Won’t Upend Commercial Real Estate...
Whoever wins the presidential election next month, the outcome won’t affect the longterm returns on commercial real estate investment. That’s according to a new Cushman & Wakefield report, which...
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Whoever Wins the Presidency, It Won’t Really Affect Returns on Commercial...
Whoever wins the presidential election, the outcome won’t affect the long-term returns on commercial real estate investment. That’s according to a recent Cushman & Wakefield report, which dives...
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